GBP/AUD - 1H - Technical analysis published on 12/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.9897 AUD
My targets
1.9976 AUD (+0.0044)
2.0276 AUD (+0.0344)
My analysis
The bullish trend is currently very strong on GBP/AUD. As long as the price remains above the support at 1.9897 AUD, you could try to benefit from the boom. The first bullish objective is located at 1.9976 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.0276 AUD as an objective. Crossing it would then enable buyers to target 2.0476 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
0
10
8.2
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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 1.9932 AUD. On the day, this instrument gained +0.65% and was between 1.9802 AUD and 1.9972 AUD. This implies that the price is at +0.66% from its lowest and at -0.20% from its highest.1.9802
1.9972
1.9932
Here is a more detailed summary of the historical variations registered by GBP/AUD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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
Technical analysis of GBP/AUD in 1H shows a strongly overall bullish trend. 89.29% 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.
The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 1.9763 | 1.9829 | 1.9897 | 1.9932 | 1.9976 | 2.0476 | 2.2104 |
| Change (%) | -0.85% | -0.52% | -0.18% | - | +0.22% | +2.73% | +10.90% |
| Change | -0.0169 | -0.0103 | -0.0035 | - | +0.0044 | +0.0544 | +0.2172 |
| Level | Intermediate | Minor | Major | - | Major | 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 | 1.9548 | 1.9655 | 1.9730 | 1.9837 | 1.9912 | 2.0019 | 2.0094 |
| Camarilla | 1.9754 | 1.9771 | 1.9787 | 1.9804 | 1.9821 | 1.9837 | 1.9854 |
| Woodie | 1.9531 | 1.9647 | 1.9713 | 1.9829 | 1.9895 | 2.0011 | 2.0077 |
| Fibonacci | 1.9655 | 1.9725 | 1.9768 | 1.9837 | 1.9907 | 1.9950 | 2.0019 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9170 | 1.9338 | 1.9639 | 1.9807 | 2.0108 | 2.0276 | 2.0577 |
| Camarilla | 1.9810 | 1.9853 | 1.9896 | 1.9939 | 1.9982 | 2.0025 | 2.0068 |
| Woodie | 1.9236 | 1.9371 | 1.9705 | 1.9840 | 2.0174 | 2.0309 | 2.0643 |
| Fibonacci | 1.9338 | 1.9518 | 1.9628 | 1.9807 | 1.9987 | 2.0097 | 2.0276 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8707 | 1.8968 | 1.9261 | 1.9522 | 1.9815 | 2.0076 | 2.0369 |
| Camarilla | 1.9403 | 1.9453 | 1.9504 | 1.9555 | 1.9606 | 1.9657 | 1.9707 |
| Woodie | 1.8724 | 1.8976 | 1.9278 | 1.9530 | 1.9832 | 2.0084 | 2.0386 |
| Fibonacci | 1.8968 | 1.9179 | 1.9310 | 1.9522 | 1.9733 | 1.9864 | 2.0076 |
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): | 61.53 | |
| MACD (12,26,9): | 0.0027 | |
| Directional Movement: | 18.5320 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.9910 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9873 | |
| Elder Ray (13): | 0.0025 | |
| Super Trend (3,10): | 1.9841 | |
| Zig ZAG (10): | 1.9927 | |
| VORTEX (21): | 1.2057 | |
| Stochastique (14,3,5): | 82.82 | |
| TEMA (21): | 1.9937 | |
| Williams %R (14): | -23.16 | |
| Chande Momentum Oscillator (20): | 0.0129 | |
| Repulse (5,40,3): | 0.0056 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0068 | |
| Courbe Coppock: | 1.44 |
| MA7: | 1.9756 | |
| MA20: | 1.9567 | |
| MA50: | 1.9533 | |
| MA100: | 1.9516 | |
| MAexp7: | 1.9925 | |
| MAexp20: | 1.9884 | |
| MAexp50: | 1.9858 | |
| MAexp100: | 1.9807 | |
| Price / MA7: | +0.89% | |
| Price / MA20: | +1.87% | |
| Price / MA50: | +2.04% | |
| Price / MA100: | +2.13% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +0.63% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on GBP/AUD. At the time of publication of this analysis, the latest news 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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