GBP/AUD
GBP AUD
- AUD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPAUD
ISIN:

GBP/AUD - Daily - Technical analysis published on 01/24/2020 (GMT)

  • 241
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.8749 AUD
My targets
1.9454 AUD (+0.0288)
1.9890 AUD (+0.0724)
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 1.8749 AUD. The buyers” bullish objective is set at 1.9454 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.9890 AUD. If there is any crossing, the next objective would be the resistance located at 2.0417 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
8.2

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 Edd8011. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

GBP/AUD rating 1.9166 AUD. On the day, this instrument gained +0.05% and was traded between 1.9096 AUD and 1.9222 AUD over the period. The price is currently at +0.37% from its lowest and -0.29% from its highest.

1.9096
1.9222
1.9166

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this Daily chart of GBP/AUD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.8166 1.8749 1.9117 1.9166 1.9454 2.0417 2.2742
Change (%) -5.22% -2.18% -0.26% - +1.50% +6.53% +18.66%
Change -0.1000 -0.0417 -0.0049 - +0.0288 +0.1251 +0.3576
Level Intermediate Major Intermediate - Intermediate 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
Standard1.89651.90301.90931.91581.92211.92861.9349
Camarilla1.91211.91331.91441.91561.91681.91801.9191
Woodie1.89641.90301.90921.91581.92201.92861.9348
Fibonacci1.90301.90791.91091.91581.92071.92371.9286


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.85531.86601.87901.88971.90271.91341.9264
Camarilla1.88551.88771.88981.89201.89421.89631.8985
Woodie1.85651.86661.88021.89031.90391.91401.9276
Fibonacci1.86601.87511.88071.88971.89881.90441.9134


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.76431.81481.85141.90191.93851.98902.0256
Camarilla1.86421.87211.88011.88811.89611.90411.9121
Woodie1.75751.81131.84461.89841.93171.98552.0188
Fibonacci1.81481.84801.86861.90191.93511.95571.9890

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): 59.70
MACD (12,26,9): 0.0044
Directional Movement: 8.1612
AROON (14): 42.8572
DEMA (21): 1.9043
Parabolic SAR (0,02-0,02-0,2): 1.8872
Elder Ray (13): 0.0132
Super Trend (3,10): 1.8744
Zig ZAG (10): 1.9166
VORTEX (21): 1.1346
Stochastique (14,3,5): 89.74
TEMA (21): 1.9080
Williams %R (14): -13.10
Chande Momentum Oscillator (20): 0.0102
Repulse (5,40,3): 0.7105
ROCnROLL: 1
TRIX (15,9): 0.0033
Courbe Coppock: 1.61
MA7: 1.9053
MA20: 1.8963
MA50: 1.9010
MA100: 1.8762
MAexp7: 1.9081
MAexp20: 1.9002
MAexp50: 1.8935
MAexp100: 1.8778
Price / MA7: +0.59%
Price / MA20: +1.07%
Price / MA50: +0.82%
Price / MA100: +2.15%
Price / MAexp7: +0.45%
Price / MAexp20: +0.86%
Price / MAexp50: +1.22%
Price / MAexp100: +2.07%

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
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

no pic

Comments

0 comments on the analysis GBP/AUD - Daily