GBP/USD - 1H - Technical analysis published on 02/16/2021 (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:
Bearish
De fond:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 1.3800 USD
My targets
1.3987 USD (+0.0081)
1.4109 USD (+0.0203)
My analysis
With a bullish background trend, the price of GBP/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 1.3800 USD. A bullish break in the resistance located at 1.3987 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 1.4109 USD. Then by extension. It would be safer to wait for a bullish break in the resistance located at 1.3987 USD before allowing yourself to re trade long positions (at purchase) on GBP/USD. PS: if there is a bearish break in the support located at 1.3800 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.4
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Additional analysis
Quotes
GBP/USD rating 1.3906 USD. The price registered a decrease of -0.06% on the session and was traded between 1.3869 USD and 1.3952 USD over the period. The price is currently at +0.27% from its lowest and -0.33% from its highest.1.3869
1.3952
1.3906
Here is a more detailed summary of the historical variations registered by GBP/USD:
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 this 1H chart of GBP/USD indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. 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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.3680 | 1.3741 | 1.3800 | 1.3906 | 1.3918 | 1.4340 | 1.7156 |
| Change (%) | -1.63% | -1.19% | -0.76% | - | +0.09% | +3.12% | +23.37% |
| Change | -0.0226 | -0.0165 | -0.0106 | - | +0.0012 | +0.0434 | +0.3250 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | 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 | 1.3796 | 1.3821 | 1.3868 | 1.3893 | 1.3940 | 1.3965 | 1.4012 |
| Camarilla | 1.3894 | 1.3901 | 1.3907 | 1.3914 | 1.3921 | 1.3927 | 1.3934 |
| Woodie | 1.3806 | 1.3827 | 1.3878 | 1.3899 | 1.3950 | 1.3971 | 1.4022 |
| Fibonacci | 1.3821 | 1.3849 | 1.3866 | 1.3893 | 1.3921 | 1.3938 | 1.3965 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3551 | 1.3615 | 1.3737 | 1.3801 | 1.3923 | 1.3987 | 1.4109 |
| Camarilla | 1.3807 | 1.3824 | 1.3841 | 1.3858 | 1.3875 | 1.3892 | 1.3909 |
| Woodie | 1.3579 | 1.3630 | 1.3765 | 1.3816 | 1.3951 | 1.4002 | 1.4137 |
| Fibonacci | 1.3615 | 1.3686 | 1.3730 | 1.3801 | 1.3872 | 1.3916 | 1.3987 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3209 | 1.3330 | 1.3517 | 1.3638 | 1.3825 | 1.3946 | 1.4133 |
| Camarilla | 1.3619 | 1.3648 | 1.3676 | 1.3704 | 1.3732 | 1.3761 | 1.3789 |
| Woodie | 1.3242 | 1.3347 | 1.3550 | 1.3655 | 1.3858 | 1.3963 | 1.4166 |
| Fibonacci | 1.3330 | 1.3448 | 1.3520 | 1.3638 | 1.3756 | 1.3828 | 1.3946 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.50 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.3363 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 1.3915 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3874 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.3940 | |
| Zig ZAG (10): | 1.3910 | |
| VORTEX (21): | 0.9880 | |
| Stochastique (14,3,5): | 55.25 | |
| TEMA (21): | 1.3906 | |
| Williams %R (14): | -46.58 | |
| Chande Momentum Oscillator (20): | -0.0022 | |
| Repulse (5,40,3): | -0.0331 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0023 | |
| Courbe Coppock: | 0.34 |
| MA7: | 1.3840 | |
| MA20: | 1.3744 | |
| MA50: | 1.3607 | |
| MA100: | 1.3358 | |
| MAexp7: | 1.3910 | |
| MAexp20: | 1.3913 | |
| MAexp50: | 1.3899 | |
| MAexp100: | 1.3869 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +1.18% | |
| Price / MA50: | +2.20% | |
| Price / MA100: | +4.10% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.27% |
Quotes :
2021-02-16 21:22:02
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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 Price Forecast - British Pound Stalling
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GBP/USD Technical Analysis For February 16, 2021 By FX Empire
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GBP/USD Technical Analysis for February 16, 2021 by FXEmpire
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GBP/USD Technical Analysis For February 15, 2021 By FX Empire
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GBP/USD Technical Analysis for the Week of February 15, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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