GBP/USD - 1H - Technical analysis published on 05/19/2020 (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:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.2166 USD
My targets
1.2308 USD (+0.0070)
1.2378 USD (+0.0140)
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 1.2166 USD. The next resistance located at 1.2308 USD is the next bullish target 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 1.2378 USD. After this resistance, buyers could then target 1.2493 USD.
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
6.8
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.2238 USD. The price registered a decrease of +0.31% on the session and was between 1.2184 USD and 1.2268 USD. This implies that the price is at +0.44% from its lowest and at -0.24% from its highest.1.2184
1.2268
1.2238
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GBP/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2115 | 1.2166 | 1.2228 | 1.2238 | 1.2308 | 1.2378 | 1.2493 |
| Change (%) | -1.01% | -0.59% | -0.08% | - | +0.57% | +1.14% | +2.08% |
| Change | -0.0123 | -0.0072 | -0.0010 | - | +0.0070 | +0.0140 | +0.0255 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Major |
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 | 1.1949 | 1.2011 | 1.2105 | 1.2167 | 1.2261 | 1.2323 | 1.2417 |
| Camarilla | 1.2157 | 1.2171 | 1.2186 | 1.2200 | 1.2214 | 1.2229 | 1.2243 |
| Woodie | 1.1966 | 1.2019 | 1.2122 | 1.2175 | 1.2278 | 1.2331 | 1.2434 |
| Fibonacci | 1.2011 | 1.2070 | 1.2107 | 1.2167 | 1.2226 | 1.2263 | 1.2323 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1656 | 1.1878 | 1.1994 | 1.2216 | 1.2332 | 1.2554 | 1.2670 |
| Camarilla | 1.2017 | 1.2048 | 1.2079 | 1.2110 | 1.2141 | 1.2172 | 1.2203 |
| Woodie | 1.1603 | 1.1852 | 1.1941 | 1.2190 | 1.2279 | 1.2528 | 1.2617 |
| Fibonacci | 1.1878 | 1.2007 | 1.2087 | 1.2216 | 1.2345 | 1.2425 | 1.2554 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1798 | 1.1982 | 1.2281 | 1.2465 | 1.2764 | 1.2948 | 1.3247 |
| Camarilla | 1.2448 | 1.2492 | 1.2537 | 1.2581 | 1.2625 | 1.2670 | 1.2714 |
| Woodie | 1.1857 | 1.2011 | 1.2340 | 1.2494 | 1.2823 | 1.2977 | 1.3306 |
| Fibonacci | 1.1982 | 1.2166 | 1.2280 | 1.2465 | 1.2649 | 1.2763 | 1.2948 |
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): | 67.22 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 22.5466 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.2221 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2186 | |
| Elder Ray (13): | 0.0041 | |
| Super Trend (3,10): | 1.2175 | |
| Zig ZAG (10): | 1.2246 | |
| VORTEX (21): | 1.2135 | |
| Stochastique (14,3,5): | 69.11 | |
| TEMA (21): | 1.2236 | |
| Williams %R (14): | -34.52 | |
| Chande Momentum Oscillator (20): | 0.0041 | |
| Repulse (5,40,3): | 0.1290 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0221 | |
| Courbe Coppock: | 0.50 |
| MA7: | 1.2229 | |
| MA20: | 1.2352 | |
| MA50: | 1.2296 | |
| MA100: | 1.2652 | |
| MAexp7: | 1.2218 | |
| MAexp20: | 1.2196 | |
| MAexp50: | 1.2181 | |
| MAexp100: | 1.2202 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | -0.47% | |
| Price / MA100: | -3.27% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.30% |
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 May 19, 2020 by FXEmpire
-
GBP/USD Technical Analysis For May 18, 2020 By FX Empire
-
GBP/USD Technical Analysis for the Week of May 18, 2020 by FXEmpire
-
GBP/USD Technical Analysis for May 18, 2020 by FXEmpire
-
GBP/USD Technical Analysis For May 15, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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