GBP/AUD - Daily - Technical analysis published on 12/23/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.8974 AUD
My targets
1.8401 AUD (-0.0335)
1.8166 AUD (-0.0570)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GBP/AUD as long as the price remains well below 1.8974 AUD. The next bearish objective for sellers is set at 1.8401 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.8166 AUD. In case of crossing, the next objective would be the support located at 1.7661 AUD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1.8401 AUD. With this support, against the trend traders who want to buy GBP/AUD on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
2
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/AUD rating is 1.8736 AUD. On the day, this instrument lost -0.54% with the lowest point at 1.8719 AUD and the highest point at 1.8868 AUD. The deviation from the price is +0.09% for the low point and -0.70% for the high point.1.8719
1.8868
1.8736
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GBP/AUD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 1.7661 | 1.8166 | 1.8401 | 1.8736 | 1.8749 | 1.8974 | 1.9454 |
Change (%) | -5.74% | -3.04% | -1.79% | - | +0.07% | +1.27% | +3.83% |
Change | -0.1075 | -0.0570 | -0.0335 | - | +0.0013 | +0.0238 | +0.0718 |
Level | Major | Intermediate | Minor | - | Major | Major | Minor |
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 | 1.8657 | 1.8736 | 1.8787 | 1.8866 | 1.8917 | 1.8996 | 1.9047 |
Camarilla | 1.8802 | 1.8814 | 1.8826 | 1.8838 | 1.8850 | 1.8862 | 1.8874 |
Woodie | 1.8643 | 1.8729 | 1.8773 | 1.8859 | 1.8903 | 1.8989 | 1.9033 |
Fibonacci | 1.8736 | 1.8786 | 1.8816 | 1.8866 | 1.8916 | 1.8946 | 1.8996 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.7886 | 1.8351 | 1.8594 | 1.9059 | 1.9302 | 1.9767 | 2.0010 |
Camarilla | 1.8643 | 1.8708 | 1.8773 | 1.8838 | 1.8903 | 1.8968 | 1.9033 |
Woodie | 1.7776 | 1.8296 | 1.8484 | 1.9004 | 1.9192 | 1.9712 | 1.9900 |
Fibonacci | 1.8351 | 1.8621 | 1.8788 | 1.9059 | 1.9329 | 1.9496 | 1.9767 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.8124 | 1.8335 | 1.8730 | 1.8941 | 1.9336 | 1.9547 | 1.9942 |
Camarilla | 1.8957 | 1.9013 | 1.9069 | 1.9124 | 1.9180 | 1.9235 | 1.9291 |
Woodie | 1.8215 | 1.8381 | 1.8821 | 1.8987 | 1.9427 | 1.9593 | 2.0033 |
Fibonacci | 1.8335 | 1.8567 | 1.8710 | 1.8941 | 1.9173 | 1.9316 | 1.9547 |
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): | 37.53 | |
MACD (12,26,9): | 0.0009 | |
Directional Movement: | -18.4965 | |
AROON (14): | -35.7143 | |
DEMA (21): | 1.9108 | |
Parabolic SAR (0,02-0,02-0,2): | 1.9482 | |
Elder Ray (13): | -0.0260 | |
Super Trend (3,10): | 1.9353 | |
Zig ZAG (10): | 1.8732 | |
VORTEX (21): | 0.9466 | |
Stochastique (14,3,5): | 2.51 | |
TEMA (21): | 1.9013 | |
Williams %R (14): | -98.63 | |
Chande Momentum Oscillator (20): | -0.0528 | |
Repulse (5,40,3): | -2.1011 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0656 | |
Courbe Coppock: | 0.40 |
MA7: | 1.9058 | |
MA20: | 1.9120 | |
MA50: | 1.8949 | |
MA100: | 1.8534 | |
MAexp7: | 1.8979 | |
MAexp20: | 1.9058 | |
MAexp50: | 1.8905 | |
MAexp100: | 1.8680 | |
Price / MA7: | -1.69% | |
Price / MA20: | -2.01% | |
Price / MA50: | -1.12% | |
Price / MA100: | +1.09% | |
Price / MAexp7: | -1.28% | |
Price / MAexp20: | -1.69% | |
Price / MAexp50: | -0.89% | |
Price / MAexp100: | +0.30% |
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
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…
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