GBP/AUD - 1H - Technical analysis published on 11/23/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1.8912 AUD
My targets
1.8840 AUD (-0.36%)
1.8749 AUD (-0.84%)
My analysis
GBP/AUD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.8912 AUD. The next support located at 1.8840 AUD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.8749 AUD. Below this support, sellers could then target 1.8401 AUD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7.3
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/AUD rating is 1.8908 AUD. The price is lower by -0.65% since the last closing and was between 1.8897 AUD and 1.9048 AUD. This implies that the price is at +0.06% from its lowest and at -0.73% from its highest.1.8897
1.9048
1.8908
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 HIGH record (1st january)
Type : Bullish
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 strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.8401 | 1.8749 | 1.8840 | 1.8908 | 1.8912 | 1.8992 | 1.9059 |
| Change (%) | -2.68% | -0.84% | -0.36% | - | +0.02% | +0.44% | +0.80% |
| Change | -0.0507 | -0.0159 | -0.0068 | - | +0.0004 | +0.0084 | +0.0151 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8929 | 1.8960 | 1.8996 | 1.9027 | 1.9063 | 1.9094 | 1.9130 |
| Camarilla | 1.9013 | 1.9019 | 1.9025 | 1.9031 | 1.9037 | 1.9043 | 1.9049 |
| Woodie | 1.8931 | 1.8961 | 1.8998 | 1.9028 | 1.9065 | 1.9095 | 1.9132 |
| Fibonacci | 1.8960 | 1.8986 | 1.9002 | 1.9027 | 1.9053 | 1.9069 | 1.9094 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8881 | 1.8979 | 1.9069 | 1.9167 | 1.9257 | 1.9355 | 1.9445 |
| Camarilla | 1.9106 | 1.9124 | 1.9141 | 1.9158 | 1.9175 | 1.9193 | 1.9210 |
| Woodie | 1.8876 | 1.8977 | 1.9064 | 1.9165 | 1.9252 | 1.9353 | 1.9440 |
| Fibonacci | 1.8979 | 1.9051 | 1.9096 | 1.9167 | 1.9239 | 1.9284 | 1.9355 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7183 | 1.7629 | 1.8201 | 1.8647 | 1.9219 | 1.9665 | 2.0237 |
| Camarilla | 1.8492 | 1.8585 | 1.8679 | 1.8772 | 1.8865 | 1.8959 | 1.9052 |
| Woodie | 1.7245 | 1.7661 | 1.8263 | 1.8679 | 1.9281 | 1.9697 | 2.0299 |
| Fibonacci | 1.7629 | 1.8018 | 1.8259 | 1.8647 | 1.9036 | 1.9277 | 1.9665 |
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): | 30.61 | |
| MACD (12,26,9): | -0.0028 | |
| Directional Movement: | -17.7469 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.8917 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8947 | |
| Elder Ray (13): | -0.0022 | |
| Super Trend (3,10): | 1.8981 | |
| Zig ZAG (10): | 1.8908 | |
| VORTEX (21): | 0.7706 | |
| Stochastique (14,3,5): | 10.30 | |
| TEMA (21): | 1.8897 | |
| Williams %R (14): | -91.85 | |
| Chande Momentum Oscillator (20): | -0.0046 | |
| Repulse (5,40,3): | -0.0871 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0176 | |
| Courbe Coppock: | 1.07 |
| MA7: | 1.8777 | |
| MA20: | 1.8751 | |
| MA50: | 1.8600 | |
| MA100: | 1.8261 | |
| MAexp7: | 1.8919 | |
| MAexp20: | 1.8950 | |
| MAexp50: | 1.8977 | |
| MAexp100: | 1.8974 | |
| Price / MA7: | +0.70% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | +1.66% | |
| Price / MA100: | +3.54% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.35% |
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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