GBP/AUD

- AUD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPAUD
ISIN:

GBP/AUD - Weekly - Technical analysis published on 08/05/2024 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

My opinion

Bullish above 1.9075 AUD

My targets

2.0470 AUD (+0.0787)

2.0878 AUD (+0.1195)

My analysis

The bullish trend is currently very strong on GBP/AUD. As long as the price remains above the support at 1.9075 AUD, you could try to benefit from the boom. The first bullish objective is located at 2.0470 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.0878 AUD as an objective. Crossing it would then enable buyers to target 2.2104 AUD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

Comment on the analysis

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:

Additional analysis

Quotes

GBP/AUD rating 1.9683 AUD. The price registered an increase of +0.16% over 5 days and was traded between 1.9504 AUD and 1.9811 AUD over the period. The price is currently at +0.92% from its lowest point and -0.65% from its highest point.

1.9504

1.9811

1.9683

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

Here is a more detailed summary of the historical variations registered by GBP/AUD:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this GBP/AUD chart shows a strongly bullish trend. 92.86% 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, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

Resistance of channel is broken

Type : Bullish

Timeframe : Weekly

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.7352	1.8216	1.9075	1.9683	1.9897	2.0470	2.2104
Change (%)	-11.84%	-7.45%	-3.09%	-	+1.09%	+4.00%	+12.30%
Change	-0.2331	-0.1467	-0.0608	-	+0.0214	+0.0787	+0.2421
Level	Major	Minor	Intermediate	-	Intermediate	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.9579	1.9602	1.9641	1.9664	1.9703	1.9726	1.9765
Camarilla	1.9663	1.9669	1.9674	1.9680	1.9686	1.9691	1.9697
Woodie	1.9587	1.9606	1.9649	1.9668	1.9711	1.9730	1.9773
Fibonacci	1.9602	1.9626	1.9640	1.9664	1.9688	1.9702	1.9726

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.9202	1.9353	1.9509	1.9660	1.9816	1.9967	2.0123
Camarilla	1.9581	1.9609	1.9637	1.9665	1.9693	1.9721	1.9749
Woodie	1.9205	1.9354	1.9512	1.9661	1.9819	1.9968	2.0126
Fibonacci	1.9353	1.9470	1.9543	1.9660	1.9777	1.9850	1.9967

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.8202	1.8561	1.9094	1.9453	1.9986	2.0345	2.0878
Camarilla	1.9383	1.9465	1.9546	1.9628	1.9710	1.9792	1.9873
Woodie	1.8290	1.8605	1.9182	1.9497	2.0074	2.0389	2.0966
Fibonacci	1.8561	1.8901	1.9112	1.9453	1.9793	2.0004	2.0345

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):	64.94
MACD (12,26,9):	0.0091
Directional Movement:	20.5188
AROON (14):	85.7142
DEMA (21):	1.9380
Parabolic SAR (0,02-0,02-0,2):	1.9001
Elder Ray (13):	0.0316
Super Trend (3,10):	1.8962
Zig ZAG (10):	1.9676
VORTEX (21):	1.0709
Stochastique (14,3,5):	85.26
TEMA (21):	1.9432
Williams %R (14):	-15.25
Chande Momentum Oscillator (20):	0.0694
Repulse (5,40,3):	1.7756
ROCnROLL:	1
TRIX (15,9):	0.0146
Courbe Coppock:	2.38

MA7:	1.9645
MA20:	1.9456
MA50:	1.9247
MA100:	1.9214
MAexp7:	1.9446
MAexp20:	1.9284
MAexp50:	1.9137
MAexp100:	1.8892
Price / MA7:	+0.19%
Price / MA20:	+1.17%
Price / MA50:	+2.27%
Price / MA100:	+2.44%
Price / MAexp7:	+1.22%
Price / MAexp20:	+2.07%
Price / MAexp50:	+2.85%
Price / MAexp100:	+4.19%

Quotes : - Real time data - Forex

News

The last news published on GBP/AUD at the time of the generation of this analysis was as follows:

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

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