GBP/AUD - 1H - Technical analysis published on 10/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1.9510 AUD
My targets
1.9409 AUD (-0.0047)
1.9323 AUD (-0.0133)
My analysis
The strong short-term decline of GBP/AUD reinforces the current slightly bearish trend. As long as the price remains below 1.9510 AUD, you could take advantage of this bearish acceleration. The first bearish objective is located at 1.9409 AUD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.9323 AUD as an objective. Crossing it would then enable sellers to target 1.9165 AUD. A return to above 1.9510 AUD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.8
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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 price is 1.9456 AUD. The price is lower by -0.28% since the last closing and was between 1.9434 AUD and 1.9520 AUD. This implies that the price is at +0.11% from its lowest and at -0.33% from its highest.1.9434
1.9520
1.9456
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/AUD chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
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.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.9323 | 1.9409 | 1.9453 | 1.9456 | 1.9473 | 1.9510 | 1.9533 |
| Change (%) | -0.68% | -0.24% | -0.02% | - | +0.09% | +0.28% | +0.40% |
| Change | -0.0133 | -0.0047 | -0.0003 | - | +0.0017 | +0.0054 | +0.0077 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | 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 | 1.9337 | 1.9374 | 1.9442 | 1.9479 | 1.9547 | 1.9584 | 1.9652 |
| Camarilla | 1.9482 | 1.9492 | 1.9501 | 1.9511 | 1.9521 | 1.9530 | 1.9540 |
| Woodie | 1.9354 | 1.9382 | 1.9459 | 1.9487 | 1.9564 | 1.9592 | 1.9669 |
| Fibonacci | 1.9374 | 1.9414 | 1.9439 | 1.9479 | 1.9519 | 1.9544 | 1.9584 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9117 | 1.9236 | 1.9349 | 1.9468 | 1.9581 | 1.9700 | 1.9813 |
| Camarilla | 1.9399 | 1.9421 | 1.9442 | 1.9463 | 1.9484 | 1.9506 | 1.9527 |
| Woodie | 1.9115 | 1.9235 | 1.9347 | 1.9467 | 1.9579 | 1.9699 | 1.9811 |
| Fibonacci | 1.9236 | 1.9324 | 1.9379 | 1.9468 | 1.9556 | 1.9611 | 1.9700 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8775 | 1.9032 | 1.9188 | 1.9445 | 1.9601 | 1.9858 | 2.0014 |
| Camarilla | 1.9231 | 1.9269 | 1.9307 | 1.9345 | 1.9383 | 1.9421 | 1.9459 |
| Woodie | 1.8726 | 1.9007 | 1.9139 | 1.9420 | 1.9552 | 1.9833 | 1.9965 |
| Fibonacci | 1.9032 | 1.9189 | 1.9287 | 1.9445 | 1.9602 | 1.9700 | 1.9858 |
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): | 39.14 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -8.2896 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.9474 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9506 | |
| Elder Ray (13): | -0.0025 | |
| Super Trend (3,10): | 1.9507 | |
| Zig ZAG (10): | 1.9447 | |
| VORTEX (21): | 0.9437 | |
| Stochastique (14,3,5): | 13.18 | |
| TEMA (21): | 1.9462 | |
| Williams %R (14): | -93.02 | |
| Chande Momentum Oscillator (20): | -0.0067 | |
| Repulse (5,40,3): | -0.1408 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0049 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.9476 | |
| MA20: | 1.9403 | |
| MA50: | 1.9456 | |
| MA100: | 1.9360 | |
| MAexp7: | 1.9460 | |
| MAexp20: | 1.9474 | |
| MAexp50: | 1.9467 | |
| MAexp100: | 1.9458 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | -0% | |
| Price / MA100: | +0.50% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.01% |
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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