GBP/USD - 1H - Technical analysis published on 08/04/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 1.3053 USD
My targets
1.3113 USD (+0.0041)
1.3170 USD (+0.0098)
My analysis
A bullish trend on GBP/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.3053 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.3113 USD. Then the price could move towards 1.3170 USD. Then 1.3261 USD by extension. Be careful, a return below 1.3053 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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This analysis was given by paulchabz23. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.3072 USD. The price is lower by -0.05% since the last closing with the lowest point at 1.3059 USD and the highest point at 1.3089 USD. The deviation from the price is +0.10% for the low point and -0.13% for the high point.1.3059
1.3089
1.3072
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2904 | 1.3005 | 1.3053 | 1.3072 | 1.3113 | 1.3170 | 1.3261 |
| Change (%) | -1.29% | -0.51% | -0.15% | - | +0.31% | +0.75% | +1.45% |
| Change | -0.0168 | -0.0067 | -0.0019 | - | +0.0041 | +0.0098 | +0.0189 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
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 | 1.2910 | 1.2957 | 1.3018 | 1.3065 | 1.3126 | 1.3173 | 1.3234 |
| Camarilla | 1.3048 | 1.3058 | 1.3068 | 1.3078 | 1.3088 | 1.3098 | 1.3108 |
| Woodie | 1.2916 | 1.2961 | 1.3024 | 1.3069 | 1.3132 | 1.3177 | 1.3240 |
| Fibonacci | 1.2957 | 1.2999 | 1.3024 | 1.3065 | 1.3107 | 1.3132 | 1.3173 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2466 | 1.2623 | 1.2855 | 1.3012 | 1.3244 | 1.3401 | 1.3633 |
| Camarilla | 1.2979 | 1.3015 | 1.3050 | 1.3086 | 1.3122 | 1.3157 | 1.3193 |
| Woodie | 1.2503 | 1.2642 | 1.2892 | 1.3031 | 1.3281 | 1.3420 | 1.3670 |
| Fibonacci | 1.2623 | 1.2772 | 1.2864 | 1.3012 | 1.3161 | 1.3253 | 1.3401 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1762 | 1.2061 | 1.2573 | 1.2872 | 1.3384 | 1.3683 | 1.4195 |
| Camarilla | 1.2863 | 1.2937 | 1.3012 | 1.3086 | 1.3160 | 1.3235 | 1.3309 |
| Woodie | 1.1870 | 1.2114 | 1.2681 | 1.2925 | 1.3492 | 1.3736 | 1.4303 |
| Fibonacci | 1.2061 | 1.2371 | 1.2562 | 1.2872 | 1.3182 | 1.3373 | 1.3683 |
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): | 47.26 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -6.3038 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 1.3070 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3034 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.3103 | |
| Zig ZAG (10): | 1.3065 | |
| VORTEX (21): | 0.9624 | |
| Stochastique (14,3,5): | 69.79 | |
| TEMA (21): | 1.3073 | |
| Williams %R (14): | -56.10 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | -0.0974 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0035 | |
| Courbe Coppock: | 0.50 |
| MA7: | 1.3020 | |
| MA20: | 1.2773 | |
| MA50: | 1.2609 | |
| MA100: | 1.2444 | |
| MAexp7: | 1.3074 | |
| MAexp20: | 1.3071 | |
| MAexp50: | 1.3069 | |
| MAexp100: | 1.3036 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | +2.34% | |
| Price / MA50: | +3.67% | |
| Price / MA100: | +5.05% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.28% |
Quotes :
2020-08-04 06:00:41
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Real time data
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Forex
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBPUSD A Top Polled Dollar Reversal Candidate, Global Stocks Test Breaks
-
GBP/USD Technical Analysis for August 4, 2020 by FXEmpire
-
GBP/USD Technical Analysis For August 3, 2020 By FX Empire
-
GBP/USD Technical Analysis for the Week of August 3, 2020 by FXEmpire
-
GBP/USD Technical Analysis For July 31, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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