GBP/USD - 1H - Technical analysis published on 01/04/2021 (GMT)
- 155
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.3674 USD
My targets
1.3800 USD (+0.0109)
1.4022 USD (+0.0331)
My analysis
GBP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.3674 USD. The next resistance located at 1.3800 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.4022 USD. After this resistance, buyers could then target 1.4340 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.3691 USD. The price registered an increase of +0.12% on the session with the lowest point at 1.3644 USD and the highest point at 1.3703 USD. The deviation from the price is +0.34% for the low point and -0.09% for the high point.1.3644
1.3703
1.3691
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 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
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 support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.3473 | 1.3523 | 1.3674 | 1.3691 | 1.3800 | 1.4340 | 1.7156 |
Change (%) | -1.59% | -1.23% | -0.12% | - | +0.80% | +4.74% | +25.31% |
Change | -0.0218 | -0.0168 | -0.0017 | - | +0.0109 | +0.0649 | +0.3465 |
Level | Major | Minor | Major | - | Minor | Intermediate | Intermediate |
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 | 1.3661 | 1.3667 | 1.3671 | 1.3655 | 1.3707 | 1.3737 | 1.3789 |
Camarilla | 1.3654 | 1.3661 | 1.3669 | 1.3676 | 1.3676 | 1.3677 | 1.3678 |
Woodie | 1.3553 | 1.3579 | 1.3635 | 1.3661 | 1.3717 | 1.3743 | 1.3799 |
Fibonacci | 1.3573 | 1.3605 | 1.3624 | 1.3655 | 1.3687 | 1.3706 | 1.3737 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.3250 | 1.3340 | 1.3507 | 1.3597 | 1.3765 | 1.3854 | 1.4022 |
Camarilla | 1.3605 | 1.3629 | 1.3652 | 1.3676 | 1.3699 | 1.3722 | 1.3746 |
Woodie | 1.3291 | 1.3360 | 1.3548 | 1.3617 | 1.3805 | 1.3874 | 1.4062 |
Fibonacci | 1.3340 | 1.3438 | 1.3499 | 1.3597 | 1.3695 | 1.3756 | 1.3854 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.2759 | 1.2947 | 1.3311 | 1.3499 | 1.3863 | 1.4051 | 1.4415 |
Camarilla | 1.3524 | 1.3575 | 1.3625 | 1.3676 | 1.3727 | 1.3777 | 1.3828 |
Woodie | 1.2848 | 1.2991 | 1.3400 | 1.3543 | 1.3952 | 1.4095 | 1.4504 |
Fibonacci | 1.2947 | 1.3158 | 1.3288 | 1.3499 | 1.3710 | 1.3840 | 1.4051 |
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): | 52.60 | |
MACD (12,26,9): | 0.0005 | |
Directional Movement: | 4.9830 | |
AROON (14): | 64.2857 | |
DEMA (21): | 1.3692 | |
Parabolic SAR (0,02-0,02-0,2): | 1.3665 | |
Elder Ray (13): | 0.0005 | |
Super Trend (3,10): | 1.3632 | |
Zig ZAG (10): | 1.3681 | |
VORTEX (21): | 1.0946 | |
Stochastique (14,3,5): | 72.77 | |
TEMA (21): | 1.3689 | |
Williams %R (14): | -25.42 | |
Chande Momentum Oscillator (20): | 0.0011 | |
Repulse (5,40,3): | 0.0290 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0152 | |
Courbe Coppock: | 0.31 |
MA7: | 1.3574 | |
MA20: | 1.3465 | |
MA50: | 1.3302 | |
MA100: | 1.3159 | |
MAexp7: | 1.3685 | |
MAexp20: | 1.3675 | |
MAexp50: | 1.3662 | |
MAexp100: | 1.3627 | |
Price / MA7: | +0.86% | |
Price / MA20: | +1.68% | |
Price / MA50: | +2.92% | |
Price / MA100: | +4.04% | |
Price / MAexp7: | +0.04% | |
Price / MAexp20: | +0.12% | |
Price / MAexp50: | +0.21% | |
Price / MAexp100: | +0.47% |
Quotes :
2021-01-04 08:56:30
-
Real time data
-
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 January 4, 2021 By FX Empire
- GBP/USD Technical Analysis for the Week of January 4, 2020 by FXEmpire
- GBP/USD Technical Analysis for January 4, 2021 by FXEmpire
- GBP/USD Technical Analysis For December 31, 2020 By FX Empire
- GBP/USD Technical Analysis for December 31, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GBP/USD - 1H