GBP/USD - 1H - Technical analysis published on 12/03/2020 (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
89%
0%
11%
My opinion
Bullish above 1.3381 USD
My targets
1.3441 USD (+0.0046)
1.3473 USD (+0.0078)
My analysis
The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.3381 USD, you could try to benefit from the boom. The first bullish objective is located at 1.3441 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.3473 USD as an objective. Crossing it would then enable buyers to target 1.3800 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
8.6
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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 rating is 1.3395 USD. The price registered an increase of +0.20% on the session and was traded between 1.3353 USD and 1.3414 USD over the period. The price is currently at +0.31% from its lowest and -0.14% from its highest.1.3353
1.3414
1.3395
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
A technical analysis in 1H of this GBP/USD chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.3338 | 1.3363 | 1.3381 | 1.3395 | 1.3398 | 1.3441 | 1.3473 |
Change (%) | -0.43% | -0.24% | -0.10% | - | +0.02% | +0.34% | +0.58% |
Change | -0.0057 | -0.0032 | -0.0014 | - | +0.0003 | +0.0046 | +0.0078 |
Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 1.3136 | 1.3211 | 1.3290 | 1.3365 | 1.3444 | 1.3519 | 1.3598 |
Camarilla | 1.3326 | 1.3340 | 1.3354 | 1.3368 | 1.3382 | 1.3396 | 1.3410 |
Woodie | 1.3137 | 1.3212 | 1.3291 | 1.3366 | 1.3445 | 1.3520 | 1.3599 |
Fibonacci | 1.3211 | 1.3270 | 1.3307 | 1.3365 | 1.3424 | 1.3461 | 1.3519 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.3119 | 1.3191 | 1.3253 | 1.3325 | 1.3387 | 1.3459 | 1.3521 |
Camarilla | 1.3277 | 1.3289 | 1.3302 | 1.3314 | 1.3326 | 1.3339 | 1.3351 |
Woodie | 1.3113 | 1.3189 | 1.3247 | 1.3323 | 1.3381 | 1.3457 | 1.3515 |
Fibonacci | 1.3191 | 1.3243 | 1.3274 | 1.3325 | 1.3377 | 1.3408 | 1.3459 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.2452 | 1.2653 | 1.2995 | 1.3196 | 1.3538 | 1.3739 | 1.4081 |
Camarilla | 1.3187 | 1.3237 | 1.3286 | 1.3336 | 1.3386 | 1.3436 | 1.3485 |
Woodie | 1.2522 | 1.2688 | 1.3065 | 1.3231 | 1.3608 | 1.3774 | 1.4151 |
Fibonacci | 1.2653 | 1.2861 | 1.2989 | 1.3196 | 1.3404 | 1.3532 | 1.3739 |
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): | 64.74 | |
MACD (12,26,9): | 0.0008 | |
Directional Movement: | 12.4007 | |
AROON (14): | 100.0000 | |
DEMA (21): | 1.3385 | |
Parabolic SAR (0,02-0,02-0,2): | 1.3337 | |
Elder Ray (13): | 0.0022 | |
Super Trend (3,10): | 1.3348 | |
Zig ZAG (10): | 1.3400 | |
VORTEX (21): | 1.1137 | |
Stochastique (14,3,5): | 84.13 | |
TEMA (21): | 1.3392 | |
Williams %R (14): | -20.97 | |
Chande Momentum Oscillator (20): | 0.0035 | |
Repulse (5,40,3): | 0.1288 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0013 | |
Courbe Coppock: | 0.68 |
MA7: | 1.3368 | |
MA20: | 1.3283 | |
MA50: | 1.3094 | |
MA100: | 1.3055 | |
MAexp7: | 1.3391 | |
MAexp20: | 1.3378 | |
MAexp50: | 1.3371 | |
MAexp100: | 1.3364 | |
Price / MA7: | +0.20% | |
Price / MA20: | +0.84% | |
Price / MA50: | +2.30% | |
Price / MA100: | +2.60% | |
Price / MAexp7: | +0.03% | |
Price / MAexp20: | +0.13% | |
Price / MAexp50: | +0.18% | |
Price / MAexp100: | +0.23% |
Quotes :
2020-12-03 08:38:07
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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:
- GBP/USD Technical Analysis For December 3, 2020 By FX Empire
- GBP/USD Technical Analysis for December 3, 2020 by FXEmpire
- GBP/USD Technical Analysis For December 2, 2020 By FX Empire
- GBP/USD Technical Analysis for December 2, 2020 by FXEmpire
- GBP/USD Technical Analysis For December 1, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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