GBP/USD - 1H - Technical analysis published on 04/30/2020 (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
83%
0%
17%
My opinion
Bullish above 1.2455 USD
My targets
1.2518 USD (+0.0017)
1.2631 USD (+0.0130)
My analysis
The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.2455 USD, you could try to benefit from the boom. The first bullish objective is located at 1.2518 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.2631 USD as an objective. Crossing it would then enable buyers to target 1.2832 USD. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2501 USD. On the day, this instrument gained +0.25% with the lowest point at 1.2429 USD and the highest point at 1.2501 USD. The deviation from the price is +0.58% for the low point and 0% for the high point.1.2429
1.2501
1.2501
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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of triangle 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 | 1.2388 | 1.2455 | 1.2493 | 1.2501 | 1.2518 | 1.2832 | 1.3056 |
| Change (%) | -0.90% | -0.37% | -0.06% | - | +0.14% | +2.65% | +4.44% |
| Change | -0.0113 | -0.0046 | -0.0008 | - | +0.0017 | +0.0331 | +0.0555 |
| Level | Major | Minor | Major | - | Minor | Minor | Intermediate |
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 | 1.2314 | 1.2351 | 1.2411 | 1.2448 | 1.2508 | 1.2545 | 1.2605 |
| Camarilla | 1.2443 | 1.2452 | 1.2461 | 1.2470 | 1.2479 | 1.2488 | 1.2497 |
| Woodie | 1.2325 | 1.2357 | 1.2422 | 1.2454 | 1.2519 | 1.2551 | 1.2616 |
| Fibonacci | 1.2351 | 1.2388 | 1.2411 | 1.2448 | 1.2485 | 1.2508 | 1.2545 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1980 | 1.2113 | 1.2239 | 1.2372 | 1.2498 | 1.2631 | 1.2757 |
| Camarilla | 1.2293 | 1.2317 | 1.2340 | 1.2364 | 1.2388 | 1.2412 | 1.2435 |
| Woodie | 1.1976 | 1.2111 | 1.2235 | 1.2370 | 1.2494 | 1.2629 | 1.2753 |
| Fibonacci | 1.2113 | 1.2212 | 1.2273 | 1.2372 | 1.2471 | 1.2532 | 1.2631 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.60 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 1.9803 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.2473 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2441 | |
| Elder Ray (13): | 0.0018 | |
| Super Trend (3,10): | 1.2417 | |
| Zig ZAG (10): | 1.2498 | |
| VORTEX (21): | 1.1688 | |
| Stochastique (14,3,5): | 80.21 | |
| TEMA (21): | 1.2477 | |
| Williams %R (14): | -14.08 | |
| Chande Momentum Oscillator (20): | 0.0019 | |
| Repulse (5,40,3): | 0.2359 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0069 | |
| Courbe Coppock: | 0.37 |
| MA7: | 1.2408 | |
| MA20: | 1.2420 | |
| MA50: | 1.2451 | |
| MA100: | 1.2752 | |
| MAexp7: | 1.2474 | |
| MAexp20: | 1.2462 | |
| MAexp50: | 1.2449 | |
| MAexp100: | 1.2431 | |
| Price / MA7: | +0.75% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | +0.40% | |
| Price / MA100: | -1.97% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.56% |
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 30, 2020 by FXEmpire
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GBP/USD Technical Analysis for April 29, 2020 by FXEmpire
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GBP/USD Technical Analysis for April 28, 2020 by FXEmpire
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GBP/USD Technical Analysis For April 27, 2020 By FX Empire
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GBP/USD Technical Analysis For April 24, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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