GBP/USD FULL0624 - 1H - Technical analysis published on 02/16/2021 (GMT)
- 132
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 1.3800 USD
My targets
1.3987 USD (+0.59%)
1.4105 USD (+1.45%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.3800 USD remains possible. It is advisable to trade GBP/USD FULL0321 with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.3800 USD. The next bullish objective for buyers is set at 1.3987 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4105 USD. If there is any crossing, the next objective would be the resistance located at 1.4369 USD. PS: if there is a bearish break in the support located at 1.3800 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.3
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 m_showlag. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD FULL0321 rating is 1.3904 USD. On the day, this instrument gained +0.39% and was between 1.3871 USD and 1.3953 USD. This implies that the price is at +0.24% from its lowest and at -0.35% from its highest.1.3871
1.3953
1.3904
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD FULL0321:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/USD FULL0321 chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.3647 | 1.3681 | 1.3776 | 1.3904 | 1.3916 | 1.4369 | 1.7113 |
| Change (%) | -1.85% | -1.60% | -0.92% | - | +0.09% | +3.34% | +23.08% |
| Change | -0.0257 | -0.0223 | -0.0128 | - | +0.0012 | +0.0465 | +0.3209 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3809 | 1.3834 | 1.3873 | 1.3898 | 1.3937 | 1.3962 | 1.4001 |
| Camarilla | 1.3895 | 1.3901 | 1.3907 | 1.3913 | 1.3919 | 1.3925 | 1.3931 |
| Woodie | 1.3817 | 1.3838 | 1.3881 | 1.3902 | 1.3945 | 1.3966 | 1.4009 |
| Fibonacci | 1.3834 | 1.3858 | 1.3873 | 1.3898 | 1.3922 | 1.3937 | 1.3962 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3544 | 1.3613 | 1.3731 | 1.3800 | 1.3918 | 1.3987 | 1.4105 |
| Camarilla | 1.3799 | 1.3816 | 1.3833 | 1.3850 | 1.3867 | 1.3884 | 1.3901 |
| Woodie | 1.3570 | 1.3625 | 1.3757 | 1.3812 | 1.3944 | 1.3999 | 1.4131 |
| Fibonacci | 1.3613 | 1.3684 | 1.3728 | 1.3800 | 1.3871 | 1.3915 | 1.3987 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3193 | 1.3325 | 1.3499 | 1.3631 | 1.3805 | 1.3937 | 1.4111 |
| Camarilla | 1.3590 | 1.3618 | 1.3646 | 1.3674 | 1.3702 | 1.3730 | 1.3758 |
| Woodie | 1.3215 | 1.3336 | 1.3521 | 1.3642 | 1.3827 | 1.3948 | 1.4133 |
| Fibonacci | 1.3325 | 1.3442 | 1.3514 | 1.3631 | 1.3748 | 1.3820 | 1.3937 |
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): | 47.61 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -1.9203 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 1.3917 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3876 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.3942 | |
| Zig ZAG (10): | 1.3904 | |
| VORTEX (21): | 0.9761 | |
| Stochastique (14,3,5): | 51.85 | |
| TEMA (21): | 1.3906 | |
| Williams %R (14): | -54.17 | |
| Chande Momentum Oscillator (20): | -0.0027 | |
| Repulse (5,40,3): | -0.0907 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0042 | |
| Courbe Coppock: | 0.35 |
| MA7: | 1.3839 | |
| MA20: | 1.3743 | |
| MA50: | 1.3607 | |
| MA100: | 1.3358 | |
| MAexp7: | 1.3910 | |
| MAexp20: | 1.3913 | |
| MAexp50: | 1.3897 | |
| MAexp100: | 1.3865 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | +1.17% | |
| Price / MA50: | +2.18% | |
| Price / MA100: | +4.09% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.28% |
Quotes :
2021-02-16 21:59:56
-
10 min delayed data
-
CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GBP/USD FULL0624 - 1H