GBP/AUD - 1H - Technical analysis published on 03/11/2024 (GMT)
- 77
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.9386 AUD
My targets
1.9465 AUD (+0.0041)
1.9509 AUD (+0.0085)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GBP/AUD. This is a positive signal for buyers. As long as the price remains above 1.9386 AUD, a purchase could be considered. The first bullish objective is located at 1.9465 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.9509 AUD as an objective. Crossing it would then enable buyers to target 1.9570 AUD. In the event of a return below 1.9386 AUD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/AUD rating 1.9424 AUD. The price has increased by +0.16% since the last closing with the lowest point at 1.9387 AUD and the highest point at 1.9446 AUD. The deviation from the price is +0.19% for the low point and -0.11% for the high point.1.9387
1.9446
1.9424
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/AUD indicates that the overall trend is bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.9361 | 1.9386 | 1.9410 | 1.9424 | 1.9465 | 1.9509 | 1.9570 |
| Change (%) | -0.32% | -0.20% | -0.07% | - | +0.21% | +0.44% | +0.75% |
| Change | -0.0063 | -0.0038 | -0.0014 | - | +0.0041 | +0.0085 | +0.0146 |
| Level | Major | Minor | Minor | - | Minor | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9193 | 1.9243 | 1.9318 | 1.9368 | 1.9443 | 1.9493 | 1.9568 |
| Camarilla | 1.9360 | 1.9371 | 1.9383 | 1.9394 | 1.9406 | 1.9417 | 1.9428 |
| Woodie | 1.9207 | 1.9249 | 1.9332 | 1.9374 | 1.9457 | 1.9499 | 1.9582 |
| Fibonacci | 1.9243 | 1.9290 | 1.9320 | 1.9368 | 1.9415 | 1.9445 | 1.9493 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8963 | 1.9119 | 1.9257 | 1.9413 | 1.9551 | 1.9707 | 1.9845 |
| Camarilla | 1.9313 | 1.9340 | 1.9367 | 1.9394 | 1.9421 | 1.9448 | 1.9475 |
| Woodie | 1.8953 | 1.9115 | 1.9247 | 1.9409 | 1.9541 | 1.9703 | 1.9835 |
| Fibonacci | 1.9119 | 1.9232 | 1.9301 | 1.9413 | 1.9526 | 1.9595 | 1.9707 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8896 | 1.9044 | 1.9234 | 1.9382 | 1.9572 | 1.9720 | 1.9910 |
| Camarilla | 1.9331 | 1.9362 | 1.9393 | 1.9424 | 1.9455 | 1.9486 | 1.9517 |
| Woodie | 1.8917 | 1.9055 | 1.9255 | 1.9393 | 1.9593 | 1.9731 | 1.9931 |
| Fibonacci | 1.9044 | 1.9173 | 1.9253 | 1.9382 | 1.9511 | 1.9591 | 1.9720 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.39 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 2.2955 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.9431 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9439 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 1.9378 | |
| Zig ZAG (10): | 1.9424 | |
| VORTEX (21): | 1.0902 | |
| Stochastique (14,3,5): | 55.88 | |
| TEMA (21): | 1.9435 | |
| Williams %R (14): | -39.58 | |
| Chande Momentum Oscillator (20): | 0.0011 | |
| Repulse (5,40,3): | 0.0701 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0137 | |
| Courbe Coppock: | 0.15 |
| MA7: | 1.9428 | |
| MA20: | 1.9379 | |
| MA50: | 1.9271 | |
| MA100: | 1.9160 | |
| MAexp7: | 1.9421 | |
| MAexp20: | 1.9411 | |
| MAexp50: | 1.9395 | |
| MAexp100: | 1.9401 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | +0.79% | |
| Price / MA100: | +1.38% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.12% |
Quotes :
-
Real time data
-
Forex
News
The last news published on GBP/AUD at the time of the generation of this analysis was as follows:
-
GBPAUD Clears 1.8500 Level
-
Pound Pairs Breaking Critical Levels From GBP/USD to GBP/AUD (Quick Take Video)
-
Volatility In Commodities GBP/AUD
-
Risk on pressures GBPAUD
-
Potential short-term upside for GBP/USD, GBP/AUD a longer-term play on sterling weakness
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GBP/AUD - 1H