GBP/USD - 1H - Technical analysis published on 12/23/2020 (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:
Bullish
De fond:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.3382 USD
My targets
1.3473 USD (+0.0038)
1.3556 USD (+0.0121)
My analysis
The basic trend is currently slightly bullish on GBP/USD and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 1.3382 USD, purchases could be favourable. The first bullish objective would be the resistance located at 1.3473 USD. Then the price could move towards 1.3556 USD. Then 1.3625 USD by extension. A return under the support to 1.3382 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
5
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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 1.3435 USD. The price has increased by +0.25% since the last closing and was traded between 1.3371 USD and 1.3439 USD over the period. The price is currently at +0.48% from its lowest and -0.03% from its highest.1.3371
1.3439
1.3435
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this GBP/USD chart shows a slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the 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.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.3188 | 1.3280 | 1.3382 | 1.3435 | 1.3473 | 1.3556 | 1.3625 |
| Change (%) | -1.84% | -1.15% | -0.39% | - | +0.28% | +0.90% | +1.41% |
| Change | -0.0247 | -0.0155 | -0.0053 | - | +0.0038 | +0.0121 | +0.0190 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3164 | 1.3234 | 1.3318 | 1.3388 | 1.3472 | 1.3542 | 1.3626 |
| Camarilla | 1.3360 | 1.3374 | 1.3388 | 1.3402 | 1.3416 | 1.3430 | 1.3444 |
| Woodie | 1.3171 | 1.3238 | 1.3325 | 1.3392 | 1.3479 | 1.3546 | 1.3633 |
| Fibonacci | 1.3234 | 1.3293 | 1.3329 | 1.3388 | 1.3447 | 1.3483 | 1.3542 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2983 | 1.3132 | 1.3328 | 1.3477 | 1.3673 | 1.3822 | 1.4018 |
| Camarilla | 1.3430 | 1.3462 | 1.3493 | 1.3525 | 1.3557 | 1.3588 | 1.3620 |
| Woodie | 1.3008 | 1.3144 | 1.3353 | 1.3489 | 1.3698 | 1.3834 | 1.4043 |
| Fibonacci | 1.3132 | 1.3264 | 1.3345 | 1.3477 | 1.3609 | 1.3690 | 1.3822 |
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): | 57.07 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 3.8220 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.3391 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3327 | |
| Elder Ray (13): | 0.0018 | |
| Super Trend (3,10): | 1.3462 | |
| Zig ZAG (10): | 1.3416 | |
| VORTEX (21): | 0.9896 | |
| Stochastique (14,3,5): | 93.83 | |
| TEMA (21): | 1.3407 | |
| Williams %R (14): | -5.81 | |
| Chande Momentum Oscillator (20): | 0.0064 | |
| Repulse (5,40,3): | 0.1284 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0008 | |
| Courbe Coppock: | 0.60 |
| MA7: | 1.3474 | |
| MA20: | 1.3397 | |
| MA50: | 1.3228 | |
| MA100: | 1.3127 | |
| MAexp7: | 1.3407 | |
| MAexp20: | 1.3389 | |
| MAexp50: | 1.3397 | |
| MAexp100: | 1.3414 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | +0.28% | |
| Price / MA50: | +1.56% | |
| Price / MA100: | +2.35% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.16% |
Quotes :
2020-12-23 07:15:15
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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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This member declared not having a position on this financial instrument or a related financial instrument.
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