GBP/AUD - Daily - Technical analysis published on 01/24/2020 (GMT)
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- 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
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.8965 | 1.9030 | 1.9093 | 1.9158 | 1.9221 | 1.9286 | 1.9349 |
Camarilla | 1.9121 | 1.9133 | 1.9144 | 1.9156 | 1.9168 | 1.9180 | 1.9191 |
Woodie | 1.8964 | 1.9030 | 1.9092 | 1.9158 | 1.9220 | 1.9286 | 1.9348 |
Fibonacci | 1.9030 | 1.9079 | 1.9109 | 1.9158 | 1.9207 | 1.9237 | 1.9286 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.8553 | 1.8660 | 1.8790 | 1.8897 | 1.9027 | 1.9134 | 1.9264 |
Camarilla | 1.8855 | 1.8877 | 1.8898 | 1.8920 | 1.8942 | 1.8963 | 1.8985 |
Woodie | 1.8565 | 1.8666 | 1.8802 | 1.8903 | 1.9039 | 1.9140 | 1.9276 |
Fibonacci | 1.8660 | 1.8751 | 1.8807 | 1.8897 | 1.8988 | 1.9044 | 1.9134 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.7643 | 1.8148 | 1.8514 | 1.9019 | 1.9385 | 1.9890 | 2.0256 |
Camarilla | 1.8642 | 1.8721 | 1.8801 | 1.8881 | 1.8961 | 1.9041 | 1.9121 |
Woodie | 1.7575 | 1.8113 | 1.8446 | 1.8984 | 1.9317 | 1.9855 | 2.0188 |
Fibonacci | 1.8148 | 1.8480 | 1.8686 | 1.9019 | 1.9351 | 1.9557 | 1.9890 |
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% |
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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