GBP/AUD

- AUD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	GBPAUD
ISIN:

GBP/AUD - 1H - Technical analysis published on 12/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 2.0045 AUD

My targets

2.0108 AUD (+0.0029)

2.0247 AUD (+0.0168)

My analysis

The bullish trend is currently very strong on GBP/AUD. As long as the price remains above the support at 2.0045 AUD, you could try to benefit from the boom. The first bullish objective is located at 2.0108 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.0247 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

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/AUD price is 2.0079 AUD. On the day, this instrument gained +0.14% and was between 2.0049 AUD and 2.0104 AUD. This implies that the price is at +0.15% from its lowest and at -0.12% from its highest.

2.0049

2.0104

2.0079

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

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

A technical analysis in 1H of this GBP/AUD chart shows a strongly 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.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

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 Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.9897	1.9985	2.0045	2.0079	2.0108	2.0476	2.2104
Change (%)	-0.91%	-0.47%	-0.17%	-	+0.14%	+1.98%	+10.09%
Change	-0.0182	-0.0094	-0.0034	-	+0.0029	+0.0397	+0.2025
Level	Intermediate	Intermediate	Intermediate	-	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	1.9768	1.9833	1.9942	2.0007	2.0116	2.0181	2.0290
Camarilla	2.0003	2.0019	2.0035	2.0051	2.0067	2.0083	2.0099
Woodie	1.9790	1.9844	1.9964	2.0018	2.0138	2.0192	2.0312
Fibonacci	1.9833	1.9900	1.9941	2.0007	2.0074	2.0115	2.0181

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.9352	1.9557	1.9697	1.9902	2.0042	2.0247	2.0387
Camarilla	1.9741	1.9773	1.9804	1.9836	1.9868	1.9899	1.9931
Woodie	1.9319	1.9541	1.9664	1.9886	2.0009	2.0231	2.0354
Fibonacci	1.9557	1.9689	1.9771	1.9902	2.0034	2.0116	2.0247

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	76.65
MACD (12,26,9):	0.0036
Directional Movement:	19.8539
AROON (14):	85.7143
DEMA (21):	2.0085
Parabolic SAR (0,02-0,02-0,2):	2.0045
Elder Ray (13):	0.0034
Super Trend (3,10):	2.0015
Zig ZAG (10):	2.0085
VORTEX (21):	1.2348
Stochastique (14,3,5):	90.20
TEMA (21):	2.0090
Williams %R (14):	-19.33
Chande Momentum Oscillator (20):	0.0074
Repulse (5,40,3):	0.0183
ROCnROLL:	1
TRIX (15,9):	0.0267
Courbe Coppock:	0.58

MA7:	1.9973
MA20:	1.9709
MA50:	1.9611
MA100:	1.9536
MAexp7:	2.0068
MAexp20:	2.0037
MAexp50:	1.9981
MAexp100:	1.9944
Price / MA7:	+0.53%
Price / MA20:	+1.88%
Price / MA50:	+2.39%
Price / MA100:	+2.78%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.21%
Price / MAexp50:	+0.49%
Price / MAexp100:	+0.68%

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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Londinia AI

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