GBP/USD - 1H - Technical analysis published on 08/06/2020 (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
78%
6%
17%
My opinion
Bullish above 1.3053 USD
My targets
1.3261 USD (+0.0097)
1.3401 USD (+0.0237)
My analysis
The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.3053 USD, you could try to benefit from the boom. The first bullish objective is located at 1.3261 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.3401 USD as an objective. Crossing it would then enable buyers to target 1.3473 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
8.4
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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 1.3164 USD. The price registered an increase of +0.30% on the session and was between 1.3122 USD and 1.3183 USD. This implies that the price is at +0.32% from its lowest and at -0.14% from its highest.1.3122
1.3183
1.3164
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 strongly bullish. 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 detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.2904 | 1.2981 | 1.3053 | 1.3164 | 1.3170 | 1.3261 | 1.3473 |
| Change (%) | -1.98% | -1.39% | -0.84% | - | +0.05% | +0.74% | +2.35% |
| Change | -0.0260 | -0.0183 | -0.0111 | - | +0.0006 | +0.0097 | +0.0309 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | 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 | 1.2964 | 1.3011 | 1.3068 | 1.3115 | 1.3172 | 1.3219 | 1.3276 |
| Camarilla | 1.3096 | 1.3106 | 1.3116 | 1.3125 | 1.3135 | 1.3144 | 1.3154 |
| Woodie | 1.2969 | 1.3014 | 1.3073 | 1.3118 | 1.3177 | 1.3222 | 1.3281 |
| Fibonacci | 1.3011 | 1.3051 | 1.3075 | 1.3115 | 1.3155 | 1.3179 | 1.3219 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.80 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 14.0716 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 1.3148 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3122 | |
| Elder Ray (13): | 0.0024 | |
| Super Trend (3,10): | 1.3083 | |
| Zig ZAG (10): | 1.3158 | |
| VORTEX (21): | 1.0835 | |
| Stochastique (14,3,5): | 73.33 | |
| TEMA (21): | 1.3153 | |
| Williams %R (14): | -37.33 | |
| Chande Momentum Oscillator (20): | 0.0046 | |
| Repulse (5,40,3): | 0.1711 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0159 | |
| Courbe Coppock: | 0.19 |
| MA7: | 1.3090 | |
| MA20: | 1.2827 | |
| MA50: | 1.2644 | |
| MA100: | 1.2476 | |
| MAexp7: | 1.3145 | |
| MAexp20: | 1.3127 | |
| MAexp50: | 1.3104 | |
| MAexp100: | 1.3078 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +2.63% | |
| Price / MA50: | +4.11% | |
| Price / MA100: | +5.51% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.67% |
Quotes :
2020-08-06 07:32:43
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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 August 6, 2020 by FXEmpire
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GBP/USD Technical Analysis For August 5, 2020 By FX Empire
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GBP/USD Technical Analysis for August 5, 2020 by FXEmpire
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GBP/USD Technical Analysis For August 4, 2020 By FX Empire
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GBPUSD A Top Polled Dollar Reversal Candidate, Global Stocks Test Breaks
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