GBP/AUD - 1H - Technical analysis published on 03/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.9381 AUD
My targets
1.9509 AUD (+0.0072)
1.9533 AUD (+0.0096)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/AUD as long as the price remains well above 1.9381 AUD. The buyers' bullish objective is set at 1.9509 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.9533 AUD. If there is any crossing, the next objective would be the resistance located at 1.9718 AUD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/AUD rating is 1.9437 AUD. The price has increased by +0.50% since the last closing with the lowest point at 1.9313 AUD and the highest point at 1.9440 AUD. The deviation from the price is +0.64% for the low point and -0.02% for the high point.1.9313
1.9440
1.9437
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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
A technical analysis in 1H of this GBP/AUD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.9328 | 1.9381 | 1.9420 | 1.9437 | 1.9452 | 1.9509 | 1.9533 |
| Change (%) | -0.56% | -0.29% | -0.09% | - | +0.08% | +0.37% | +0.49% |
| Change | -0.0109 | -0.0056 | -0.0017 | - | +0.0015 | +0.0072 | +0.0096 |
| Level | Major | Major | Minor | - | Minor | Intermediate | 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 | 1.9253 | 1.9283 | 1.9311 | 1.9341 | 1.9369 | 1.9399 | 1.9427 |
| Camarilla | 1.9324 | 1.9329 | 1.9335 | 1.9340 | 1.9345 | 1.9351 | 1.9356 |
| Woodie | 1.9253 | 1.9283 | 1.9311 | 1.9341 | 1.9369 | 1.9399 | 1.9427 |
| Fibonacci | 1.9283 | 1.9305 | 1.9319 | 1.9341 | 1.9363 | 1.9377 | 1.9399 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8960 | 1.9106 | 1.9218 | 1.9364 | 1.9476 | 1.9622 | 1.9734 |
| Camarilla | 1.9260 | 1.9284 | 1.9307 | 1.9331 | 1.9355 | 1.9378 | 1.9402 |
| Woodie | 1.8944 | 1.9098 | 1.9202 | 1.9356 | 1.9460 | 1.9614 | 1.9718 |
| Fibonacci | 1.9106 | 1.9204 | 1.9265 | 1.9364 | 1.9462 | 1.9523 | 1.9622 |
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): | 72.97 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 23.9687 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.9395 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9350 | |
| Elder Ray (13): | 0.0047 | |
| Super Trend (3,10): | 1.9361 | |
| Zig ZAG (10): | 1.9438 | |
| VORTEX (21): | 1.2212 | |
| Stochastique (14,3,5): | 92.89 | |
| TEMA (21): | 1.9410 | |
| Williams %R (14): | -1.57 | |
| Chande Momentum Oscillator (20): | 0.0098 | |
| Repulse (5,40,3): | 0.2312 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0071 | |
| Courbe Coppock: | 0.54 |
| MA7: | 1.9344 | |
| MA20: | 1.9385 | |
| MA50: | 1.9356 | |
| MA100: | 1.9191 | |
| MAexp7: | 1.9403 | |
| MAexp20: | 1.9373 | |
| MAexp50: | 1.9354 | |
| MAexp100: | 1.9348 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | +0.42% | |
| Price / MA100: | +1.28% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.46% |
Quotes :
-
Real time data
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Forex
News
Don't forget to follow the news on GBP/AUD. At the time of publication of this analysis, the latest news 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.
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