GBP/USD - 1H - Technical analysis published on 04/09/2020 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.2384 USD
My targets
1.2441 USD (+0.0028)
1.2493 USD (+0.0080)
My analysis
GBP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.2384 USD. The next resistance located at 1.2441 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.2493 USD. After this resistance, buyers could then target 1.3044 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.2
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Additional analysis
Quotes
The GBP/USD price is 1.2413 USD. On the day, this instrument gained +0.18% and was between 1.2361 USD and 1.2419 USD. This implies that the price is at +0.42% from its lowest and at -0.05% from its highest.1.2361
1.2419
1.2413
Here is a more detailed summary of the historical variations registered by GBP/USD:
Technical
A technical analysis in 1H of this GBP/USD 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2243 | 1.2287 | 1.2384 | 1.2413 | 1.2441 | 1.2493 | 1.3044 |
| Change (%) | -1.37% | -1.02% | -0.23% | - | +0.23% | +0.64% | +5.08% |
| Change | -0.0170 | -0.0126 | -0.0029 | - | +0.0028 | +0.0080 | +0.0631 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2181 | 1.2234 | 1.2313 | 1.2366 | 1.2445 | 1.2498 | 1.2577 |
| Camarilla | 1.2355 | 1.2367 | 1.2379 | 1.2391 | 1.2403 | 1.2415 | 1.2427 |
| Woodie | 1.2193 | 1.2241 | 1.2325 | 1.2373 | 1.2457 | 1.2505 | 1.2589 |
| Fibonacci | 1.2234 | 1.2285 | 1.2316 | 1.2366 | 1.2417 | 1.2448 | 1.2498 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1888 | 1.2046 | 1.2158 | 1.2316 | 1.2428 | 1.2586 | 1.2698 |
| Camarilla | 1.2195 | 1.2220 | 1.2244 | 1.2269 | 1.2294 | 1.2319 | 1.2343 |
| Woodie | 1.1864 | 1.2035 | 1.2134 | 1.2305 | 1.2404 | 1.2575 | 1.2674 |
| Fibonacci | 1.2046 | 1.2150 | 1.2213 | 1.2316 | 1.2420 | 1.2483 | 1.2586 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9690 | 1.0550 | 1.1479 | 1.2339 | 1.3268 | 1.4128 | 1.5057 |
| Camarilla | 1.1915 | 1.2079 | 1.2243 | 1.2407 | 1.2571 | 1.2735 | 1.2899 |
| Woodie | 0.9724 | 1.0567 | 1.1513 | 1.2356 | 1.3302 | 1.4145 | 1.5091 |
| Fibonacci | 1.0550 | 1.1234 | 1.1656 | 1.2339 | 1.3023 | 1.3445 | 1.4128 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.88 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 10.2532 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.2405 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2361 | |
| Elder Ray (13): | 0.0014 | |
| Super Trend (3,10): | 1.2341 | |
| Zig ZAG (10): | 1.2414 | |
| VORTEX (21): | 1.0982 | |
| Stochastique (14,3,5): | 80.46 | |
| TEMA (21): | 1.2405 | |
| Williams %R (14): | -6.90 | |
| Chande Momentum Oscillator (20): | 0.0019 | |
| Repulse (5,40,3): | 0.2079 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0169 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.2345 | |
| MA20: | 1.2124 | |
| MA50: | 1.2611 | |
| MA100: | 1.2841 | |
| MAexp7: | 1.2396 | |
| MAexp20: | 1.2386 | |
| MAexp50: | 1.2361 | |
| MAexp100: | 1.2341 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +2.38% | |
| Price / MA50: | -1.57% | |
| Price / MA100: | -3.33% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.58% |
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
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GBP/USD Technical Analysis For April 9, 2020 By FX Empire
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GBP/USD Technical Analysis for April 09, 2020 by FXEmpire
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GBP/USD Technical Analysis For April 8, 2020 By FX Empire
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GBP/USD Technical Analysis for April 08, 2020 by FXEmpire
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GBP/USD Technical Analysis For April 7, 2020 By FX Empire
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