GBP/AUD - 1H - Technical analysis published on 02/19/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
44%
33%
22%
My opinion
Bullish above 1.9375 AUD
My targets
1.9454 AUD (+0.0032)
1.9519 AUD (+0.0097)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.9375 AUD remains possible. It is advisable to trade GBP/AUD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.9375 AUD. The next bullish objective for buyers 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 1.9519 AUD. If there is any crossing, the next objective would be the resistance located at 1.9744 AUD. PS: if there is a bearish break in the support located at 1.9375 AUD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
3.6
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Additional analysis
Quotes
GBP/AUD rating 1.9422 AUD. On the day, this instrument gained +0.02% with the lowest point at 1.9351 AUD and the highest point at 1.9452 AUD. The deviation from the price is +0.37% for the low point and -0.15% for the high point.1.9351
1.9452
1.9422
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GBP/AUD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.9213 | 1.9343 | 1.9375 | 1.9422 | 1.9454 | 1.9519 | 1.9744 |
| Change (%) | -1.08% | -0.41% | -0.24% | - | +0.16% | +0.50% | +1.66% |
| Change | -0.0209 | -0.0079 | -0.0047 | - | +0.0032 | +0.0097 | +0.0322 |
| Level | Major | Minor | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9212 | 1.9294 | 1.9356 | 1.9438 | 1.9500 | 1.9582 | 1.9644 |
| Camarilla | 1.9379 | 1.9393 | 1.9406 | 1.9419 | 1.9432 | 1.9445 | 1.9459 |
| Woodie | 1.9203 | 1.9289 | 1.9347 | 1.9433 | 1.9491 | 1.9577 | 1.9635 |
| Fibonacci | 1.9294 | 1.9349 | 1.9383 | 1.9438 | 1.9493 | 1.9527 | 1.9582 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9049 | 1.9130 | 1.9282 | 1.9363 | 1.9515 | 1.9596 | 1.9748 |
| Camarilla | 1.9370 | 1.9391 | 1.9413 | 1.9434 | 1.9455 | 1.9477 | 1.9498 |
| Woodie | 1.9085 | 1.9148 | 1.9318 | 1.9381 | 1.9551 | 1.9614 | 1.9784 |
| Fibonacci | 1.9130 | 1.9219 | 1.9274 | 1.9363 | 1.9452 | 1.9507 | 1.9596 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8100 | 1.8433 | 1.9089 | 1.9422 | 2.0078 | 2.0411 | 2.1067 |
| Camarilla | 1.9472 | 1.9563 | 1.9653 | 1.9744 | 1.9835 | 1.9925 | 2.0016 |
| Woodie | 1.8261 | 1.8514 | 1.9250 | 1.9503 | 2.0239 | 2.0492 | 2.1228 |
| Fibonacci | 1.8433 | 1.8811 | 1.9045 | 1.9422 | 1.9800 | 2.0034 | 2.0411 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.35 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -14.8932 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 1.9412 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9430 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.9471 | |
| Zig ZAG (10): | 1.9417 | |
| VORTEX (21): | 0.8960 | |
| Stochastique (14,3,5): | 55.78 | |
| TEMA (21): | 1.9401 | |
| Williams %R (14): | -35.64 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | 0.1435 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0037 | |
| Courbe Coppock: | 0.31 |
| MA7: | 1.9379 | |
| MA20: | 1.9346 | |
| MA50: | 1.9112 | |
| MA100: | 1.8969 | |
| MAexp7: | 1.9411 | |
| MAexp20: | 1.9420 | |
| MAexp50: | 1.9418 | |
| MAexp100: | 1.9397 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.39% | |
| Price / MA50: | +1.62% | |
| Price / MA100: | +2.39% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.13% |
News
The latest news and videos published on GBP/AUD at the time of the analysis were 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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