GBP/AUD - 1H - Technical analysis published on 07/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.9602 AUD
My targets
1.9683 AUD (+0.0001)
1.9897 AUD (+0.0215)
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 1.9602 AUD. The buyers' bullish objective is set at 1.9683 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.9897 AUD. If there is any crossing, the next objective would be the resistance located at 2.0470 AUD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/AUD rating is 1.9682 AUD. The price has increased by +0.31% since the last closing and was traded between 1.9616 AUD and 1.9705 AUD over the period. The price is currently at +0.34% from its lowest and -0.12% from its highest.1.9616
1.9705
1.9682
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.9361 | 1.9533 | 1.9602 | 1.9682 | 1.9897 | 2.0470 | 2.2104 |
| Change (%) | -1.63% | -0.76% | -0.41% | - | +1.09% | +4.00% | +12.31% |
| Change | -0.0321 | -0.0149 | -0.0080 | - | +0.0215 | +0.0788 | +0.2422 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 1.9423 | 1.9464 | 1.9542 | 1.9583 | 1.9661 | 1.9702 | 1.9780 |
| Camarilla | 1.9588 | 1.9599 | 1.9610 | 1.9621 | 1.9632 | 1.9643 | 1.9654 |
| Woodie | 1.9443 | 1.9473 | 1.9562 | 1.9592 | 1.9681 | 1.9711 | 1.9800 |
| Fibonacci | 1.9464 | 1.9509 | 1.9537 | 1.9583 | 1.9628 | 1.9656 | 1.9702 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8944 | 1.9035 | 1.9178 | 1.9269 | 1.9412 | 1.9503 | 1.9646 |
| Camarilla | 1.9256 | 1.9277 | 1.9299 | 1.9320 | 1.9342 | 1.9363 | 1.9384 |
| Woodie | 1.8969 | 1.9048 | 1.9203 | 1.9282 | 1.9437 | 1.9516 | 1.9671 |
| Fibonacci | 1.9035 | 1.9125 | 1.9180 | 1.9269 | 1.9359 | 1.9414 | 1.9503 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8351 | 1.8631 | 1.8795 | 1.9075 | 1.9239 | 1.9519 | 1.9683 |
| Camarilla | 1.8837 | 1.8878 | 1.8918 | 1.8959 | 1.9000 | 1.9040 | 1.9081 |
| Woodie | 1.8293 | 1.8602 | 1.8737 | 1.9046 | 1.9181 | 1.9490 | 1.9625 |
| Fibonacci | 1.8631 | 1.8801 | 1.8905 | 1.9075 | 1.9245 | 1.9349 | 1.9519 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 73.67 | |
| MACD (12,26,9): | 0.0039 | |
| Directional Movement: | 29.9661 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.9680 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9655 | |
| Elder Ray (13): | 0.0042 | |
| Super Trend (3,10): | 1.9623 | |
| Zig ZAG (10): | 1.9683 | |
| VORTEX (21): | 1.2720 | |
| Stochastique (14,3,5): | 91.71 | |
| TEMA (21): | 1.9692 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.0071 | |
| Repulse (5,40,3): | 0.0128 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0243 | |
| Courbe Coppock: | 0.91 |
| MA7: | 1.9465 | |
| MA20: | 1.9195 | |
| MA50: | 1.9167 | |
| MA100: | 1.9194 | |
| MAexp7: | 1.9673 | |
| MAexp20: | 1.9631 | |
| MAexp50: | 1.9567 | |
| MAexp100: | 1.9491 | |
| Price / MA7: | +1.11% | |
| Price / MA20: | +2.54% | |
| Price / MA50: | +2.69% | |
| Price / MA100: | +2.54% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +0.98% |
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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