GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPUSD
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GBP/USD - 1H - Technical analysis published on 01/20/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 1.3613 USD
My targets
1.3676 USD (+0.0031)
1.3711 USD (+0.0066)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.3613 USD remains possible. It is advisable to trade GBP/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.3613 USD. The next bullish objective for buyers is set at 1.3676 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3711 USD. If there is any crossing, the next objective would be the resistance located at 1.3800 USD. PS: if there is a bearish break in the support located at 1.3613 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.6

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 m_showlag. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/USD rating is 1.3645 USD. The price registered an increase of +0.01% on the session and was traded between 1.3623 USD and 1.3719 USD over the period. The price is currently at +0.16% from its lowest and -0.54% from its highest.

1.3623
1.3719
1.3645

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

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 GBP/USD in 1H shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 9 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3520 1.3572 1.3613 1.3645 1.3655 1.3676 1.3711
Change (%) -0.92% -0.53% -0.23% - +0.07% +0.23% +0.48%
Change -0.0125 -0.0073 -0.0032 - +0.0010 +0.0031 +0.0066
Level Intermediate Minor Intermediate - Minor Major 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
Standard1.35341.35571.36011.36241.36681.36911.3735
Camarilla1.36261.36321.36381.36441.36501.36561.3662
Woodie1.35441.35621.36111.36291.36781.36961.3745
Fibonacci1.35571.35831.35991.36241.36501.36661.3691


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.31931.33221.34531.35821.37131.38421.3973
Camarilla1.35131.35361.35601.35841.36081.36321.3656
Woodie1.31941.33231.34541.35831.37141.38431.3974
Fibonacci1.33221.34211.34831.35821.36811.37431.3842


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.27591.29471.33111.34991.38631.40511.4415
Camarilla1.35241.35751.36251.36761.37271.37771.3828
Woodie1.28481.29911.34001.35431.39521.40951.4504
Fibonacci1.29471.31581.32881.34991.37101.38401.4051

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): 48.50
MACD (12,26,9): 0.0008
Directional Movement: -1.3023
AROON (14): -42.8571
DEMA (21): 1.3666
Parabolic SAR (0,02-0,02-0,2): 1.3696
Elder Ray (13): -0.0006
Super Trend (3,10): 1.3714
Zig ZAG (10): 1.3648
VORTEX (21): 1.0427
Stochastique (14,3,5): 24.33
TEMA (21): 1.3663
Williams %R (14): -75.00
Chande Momentum Oscillator (20): -0.0007
Repulse (5,40,3): -0.0730
ROCnROLL: -1
TRIX (15,9): 0.0146
Courbe Coppock: 0.17
MA7: 1.3636
MA20: 1.3584
MA50: 1.3438
MA100: 1.3209
MAexp7: 1.3655
MAexp20: 1.3653
MAexp50: 1.3635
MAexp100: 1.3625
Price / MA7: +0.07%
Price / MA20: +0.45%
Price / MA50: +1.54%
Price / MA100: +3.30%
Price / MAexp7: -0.07%
Price / MAexp20: -0.06%
Price / MAexp50: +0.07%
Price / MAexp100: +0.15%

Quotes : 2021-01-20 17:51:49 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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