GBP/USD - 1H - Technical analysis published on 04/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.2420 USD
My targets
1.2493 USD (+0.0018)
1.2698 USD (+0.0223)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/USD as long as the price remains well above 1.2420 USD. The buyers” bullish objective is set at 1.2493 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.2698 USD. If there is any crossing, the next objective would be the resistance located at 1.3044 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.9
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Additional analysis
Quotes
The GBP/USD price is 1.2475 USD. The price has increased by +0.16% since the last closing with the lowest point at 1.2446 USD and the highest point at 1.2479 USD. The deviation from the price is +0.23% for the low point and -0.03% for the high point.1.2446
1.2479
1.2475
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2287 | 1.2362 | 1.2420 | 1.2475 | 1.2493 | 1.3044 | 1.3261 |
| Change (%) | -1.51% | -0.91% | -0.44% | - | +0.14% | +4.56% | +6.30% |
| Change | -0.0188 | -0.0113 | -0.0055 | - | +0.0018 | +0.0569 | +0.0786 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | Minor |
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 | 1.2260 | 1.2310 | 1.2383 | 1.2433 | 1.2506 | 1.2556 | 1.2629 |
| Camarilla | 1.2421 | 1.2433 | 1.2444 | 1.2455 | 1.2466 | 1.2478 | 1.2489 |
| Woodie | 1.2271 | 1.2316 | 1.2394 | 1.2439 | 1.2517 | 1.2562 | 1.2640 |
| Fibonacci | 1.2310 | 1.2357 | 1.2386 | 1.2433 | 1.2480 | 1.2509 | 1.2556 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.24 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 14.1930 | |
| AROON (14): | 0 | |
| DEMA (21): | 1.2477 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2459 | |
| Elder Ray (13): | 0.0013 | |
| Super Trend (3,10): | 1.2424 | |
| Zig ZAG (10): | 1.2475 | |
| VORTEX (21): | 1.1450 | |
| Stochastique (14,3,5): | 72.93 | |
| TEMA (21): | 1.2474 | |
| Williams %R (14): | -12.12 | |
| Chande Momentum Oscillator (20): | 0.0016 | |
| Repulse (5,40,3): | 0.0592 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.15 |
| MA7: | 1.2364 | |
| MA20: | 1.2135 | |
| MA50: | 1.2598 | |
| MA100: | 1.2838 | |
| MAexp7: | 1.2468 | |
| MAexp20: | 1.2455 | |
| MAexp50: | 1.2421 | |
| MAexp100: | 1.2387 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | +2.80% | |
| Price / MA50: | -0.98% | |
| Price / MA100: | -2.83% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.70% |
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Technical Analysis For April 10, 2020 By FX Empire
-
GBP/USD Technical Analysis for April 10, 2020 by FXEmpire
-
GBP/USD Technical Analysis For April 9, 2020 By FX Empire
-
GBP/USD Technical Analysis for April 09, 2020 by FXEmpire
-
GBP/USD Technical Analysis For April 8, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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