GBP/AUD - Daily - Technical analysis published on 09/11/2024 (GMT)
- 89
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above
My targets
()
()
My analysis
The bullish trend is currently very strong on GBP/AUD. As long as the price remains above the support at , you could try to benefit from the boom. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at as an objective. Crossing it would then enable buyers to target . 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/AUD rating 1.9670 AUD. The price registered an increase of +0.05% on the session and was between 1.9651 AUD and 1.9701 AUD. This implies that the price is at +0.10% from its lowest and at -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 this Daily chart of GBP/AUD indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel 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 | 1.9289 | 1.9532 | 1.9665 | 1.9670 | 1.9897 | 2.0470 | 2.2104 |
| Change (%) | -1.94% | -0.70% | -0.03% | - | +1.15% | +4.07% | +12.37% |
| Change | -0.0381 | -0.0138 | -0.0005 | - | +0.0227 | +0.0800 | +0.2434 |
| Level | Intermediate | Major | Major | - | 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 | 1.9557 | 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): | 61.71 | |
| MACD (12,26,9): | 0.0064 | |
| Directional Movement: | 18.3746 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.9601 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9436 | |
| Elder Ray (13): | 0.0117 | |
| Super Trend (3,10): | 1.9710 | |
| Zig ZAG (10): | 1.9677 | |
| VORTEX (21): | 1.1311 | |
| Stochastique (14,3,5): | 88.34 | |
| TEMA (21): | 1.9622 | |
| Williams %R (14): | -7.61 | |
| Chande Momentum Oscillator (20): | 0.0196 | |
| Repulse (5,40,3): | 0.4203 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0272 | |
| Courbe Coppock: | 1.81 |
| MA7: | 1.9614 | |
| MA20: | 1.9487 | |
| MA50: | 1.9419 | |
| MA100: | 1.9261 | |
| MAexp7: | 1.9609 | |
| MAexp20: | 1.9525 | |
| MAexp50: | 1.9428 | |
| MAexp100: | 1.9342 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | +0.94% | |
| Price / MA50: | +1.29% | |
| Price / MA100: | +2.12% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.74% | |
| Price / MAexp50: | +1.25% | |
| Price / MAexp100: | +1.70% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on GBP/AUD at the time of the analysis were 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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