GBP/AUD - 1H - Technical analysis published on 09/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.9602 AUD
My targets
1.9701 AUD (+0.0031)
1.9897 AUD (+0.0227)
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 1.9602 AUD. The buyers' bullish objective is set at 1.9701 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.9897 AUD. If there is any crossing, the next objective would be the resistance located at 2.0470 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
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/AUD rating is 1.9670 AUD. The price has increased by +0.05% since the last closing and was traded between 1.9651 AUD and 1.9701 AUD over the period. The price is currently at +0.10% from its lowest and -0.16% from its highest.1.9651
1.9701
1.9670
Here is a more detailed summary of the historical variations registered by GBP/AUD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/AUD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.9532 | 1.9602 | 1.9665 | 1.9670 | 1.9701 | 1.9897 | 2.0470 |
| Change (%) | -0.70% | -0.35% | -0.03% | - | +0.16% | +1.15% | +4.07% |
| Change | -0.0138 | -0.0068 | -0.0005 | - | +0.0031 | +0.0227 | +0.0800 |
| Level | Major | Major | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9557 | 1.9580 | 1.9620 | 1.9643 | 1.9683 | 1.9706 | 1.9746 |
| Camarilla | 1.9643 | 1.9649 | 1.9654 | 1.9660 | 1.9666 | 1.9672 | 1.9677 |
| Woodie | 1.9566 | 1.9584 | 1.9629 | 1.9647 | 1.9692 | 1.9710 | 1.9755 |
| Fibonacci | 1.9580 | 1.9604 | 1.9619 | 1.9643 | 1.9667 | 1.9682 | 1.9706 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9103 | 1.9224 | 1.9455 | 1.9576 | 1.9807 | 1.9928 | 2.0159 |
| Camarilla | 1.9590 | 1.9623 | 1.9655 | 1.9687 | 1.9719 | 1.9752 | 1.9784 |
| Woodie | 1.9159 | 1.9252 | 1.9511 | 1.9604 | 1.9863 | 1.9956 | 2.0215 |
| Fibonacci | 1.9224 | 1.9358 | 1.9441 | 1.9576 | 1.9710 | 1.9793 | 1.9928 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8346 | 1.8811 | 1.9108 | 1.9573 | 1.9870 | 2.0335 | 2.0632 |
| Camarilla | 1.9195 | 1.9264 | 1.9334 | 1.9404 | 1.9474 | 1.9544 | 1.9614 |
| Woodie | 1.8261 | 1.8769 | 1.9023 | 1.9531 | 1.9785 | 2.0293 | 2.0547 |
| Fibonacci | 1.8811 | 1.9102 | 1.9282 | 1.9573 | 1.9864 | 2.0044 | 2.0335 |
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): | 64.55 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 10.2723 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.9674 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9651 | |
| Elder Ray (13): | 0.0022 | |
| Super Trend (3,10): | 1.9635 | |
| Zig ZAG (10): | 1.9685 | |
| VORTEX (21): | 1.0872 | |
| Stochastique (14,3,5): | 84.93 | |
| TEMA (21): | 1.9682 | |
| Williams %R (14): | -28.36 | |
| Chande Momentum Oscillator (20): | 0.0040 | |
| Repulse (5,40,3): | -0.0068 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0050 | |
| Courbe Coppock: | 0.37 |
| MA7: | 1.9616 | |
| MA20: | 1.9488 | |
| MA50: | 1.9419 | |
| MA100: | 1.9261 | |
| MAexp7: | 1.9675 | |
| MAexp20: | 1.9661 | |
| MAexp50: | 1.9646 | |
| MAexp100: | 1.9618 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +0.93% | |
| Price / MA50: | +1.29% | |
| Price / MA100: | +2.12% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.27% |
Quotes :
-
Real time data
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Forex
News
The last news published on GBP/AUD at the time of the generation of this analysis was as follows:
-
GBP/AUD Forecast August 28, 2024
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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