GBP/USD - 1H - Technical analysis published on 06/02/2020 (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
67%
6%
28%
My opinion
Bullish above 1.2493 USD
My targets
1.2672 USD (+0.0154)
1.2832 USD (+0.0314)
My analysis
The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.2493 USD, you could try to benefit from the boom. The first bullish objective is located at 1.2672 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.2832 USD as an objective. Crossing it would then enable buyers to target 1.3053 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.
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
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
The GBP/USD price is 1.2518 USD. The price registered an increase of +0.26% on the session with the lowest point at 1.2478 USD and the highest point at 1.2525 USD. The deviation from the price is +0.32% for the low point and -0.06% for the high point.1.2478
1.2525
1.2518
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of GBP/USD in 1H shows a strongly overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.2375 | 1.2426 | 1.2493 | 1.2518 | 1.2832 | 1.3053 | 1.3473 |
| Change (%) | -1.14% | -0.73% | -0.20% | - | +2.51% | +4.27% | +7.63% |
| Change | -0.0143 | -0.0092 | -0.0025 | - | +0.0314 | +0.0535 | +0.0955 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2180 | 1.2249 | 1.2368 | 1.2437 | 1.2556 | 1.2625 | 1.2744 |
| Camarilla | 1.2434 | 1.2452 | 1.2469 | 1.2486 | 1.2503 | 1.2521 | 1.2538 |
| Woodie | 1.2204 | 1.2262 | 1.2392 | 1.2450 | 1.2580 | 1.2638 | 1.2768 |
| Fibonacci | 1.2249 | 1.2321 | 1.2366 | 1.2437 | 1.2509 | 1.2554 | 1.2625 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1982 | 1.2073 | 1.2212 | 1.2303 | 1.2442 | 1.2533 | 1.2672 |
| Camarilla | 1.2288 | 1.2309 | 1.2330 | 1.2351 | 1.2372 | 1.2393 | 1.2414 |
| Woodie | 1.2006 | 1.2085 | 1.2236 | 1.2315 | 1.2466 | 1.2545 | 1.2696 |
| Fibonacci | 1.2073 | 1.2161 | 1.2215 | 1.2303 | 1.2391 | 1.2445 | 1.2533 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1578 | 1.1825 | 1.2088 | 1.2335 | 1.2598 | 1.2845 | 1.3108 |
| Camarilla | 1.2211 | 1.2258 | 1.2304 | 1.2351 | 1.2398 | 1.2445 | 1.2491 |
| Woodie | 1.1586 | 1.1829 | 1.2096 | 1.2339 | 1.2606 | 1.2849 | 1.3116 |
| Fibonacci | 1.1825 | 1.2020 | 1.2140 | 1.2335 | 1.2530 | 1.2650 | 1.2845 |
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): | 64.86 | |
| MACD (12,26,9): | 0.0028 | |
| Directional Movement: | 21.0718 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.2513 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2520 | |
| Elder Ray (13): | 0.0018 | |
| Super Trend (3,10): | 1.2442 | |
| Zig ZAG (10): | 1.2513 | |
| VORTEX (21): | 1.2387 | |
| Stochastique (14,3,5): | 60.94 | |
| TEMA (21): | 1.2515 | |
| Williams %R (14): | -17.19 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | 0.2011 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0371 | |
| Courbe Coppock: | 0.70 |
| MA7: | 1.2352 | |
| MA20: | 1.2290 | |
| MA50: | 1.2355 | |
| MA100: | 1.2573 | |
| MAexp7: | 1.2497 | |
| MAexp20: | 1.2472 | |
| MAexp50: | 1.2420 | |
| MAexp100: | 1.2369 | |
| Price / MA7: | +1.34% | |
| Price / MA20: | +1.86% | |
| Price / MA50: | +1.32% | |
| Price / MA100: | -0.44% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.79% | |
| Price / MAexp100: | +1.20% |
Quotes :
2020-06-02 06:34:05
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Real time data
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Forex
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 the Week of June 1, 2020 by FXEmpire
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