GBP/USD - 1H - Technical analysis published on 02/19/2021 (GMT)
- 227
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 1.3867 USD
My targets
1.4109 USD (+0.0147)
1.4133 USD (+0.0171)
My analysis
The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.3867 USD, you could try to benefit from the boom. The first bullish objective is located at 1.4109 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.4133 USD as an objective. Crossing it would then enable buyers to target 1.4340 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
7.1
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:
Additional analysis
Quotes
The GBP/USD rating is 1.3962 USD. The price registered a decrease of -0.04% on the session and was traded between 1.3960 USD and 1.3976 USD over the period. The price is currently at +0.01% from its lowest and -0.10% from its highest.1.3960
1.3976
1.3962
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is strongly bullish. 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. 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, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3829 | 1.3867 | 1.3952 | 1.3962 | 1.4340 | 1.7156 | 1.9435 |
| Change (%) | -0.95% | -0.68% | -0.07% | - | +2.71% | +22.88% | +39.20% |
| Change | -0.0133 | -0.0095 | -0.0010 | - | +0.0378 | +0.3194 | +0.5473 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 1.3729 | 1.3784 | 1.3876 | 1.3931 | 1.4023 | 1.4078 | 1.4170 |
| Camarilla | 1.3928 | 1.3941 | 1.3955 | 1.3968 | 1.3982 | 1.3995 | 1.4008 |
| Woodie | 1.3748 | 1.3793 | 1.3895 | 1.3940 | 1.4042 | 1.4087 | 1.4189 |
| Fibonacci | 1.3784 | 1.3840 | 1.3875 | 1.3931 | 1.3987 | 1.4022 | 1.4078 |
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): | 63.59 | |
| MACD (12,26,9): | 0.0023 | |
| Directional Movement: | 14.5143 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.3977 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3960 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.3921 | |
| Zig ZAG (10): | 1.3965 | |
| VORTEX (21): | 1.2746 | |
| Stochastique (14,3,5): | 73.18 | |
| TEMA (21): | 1.3988 | |
| Williams %R (14): | -35.59 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | -0.0408 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0254 | |
| Courbe Coppock: | 0.73 |
| MA7: | 1.3895 | |
| MA20: | 1.3778 | |
| MA50: | 1.3640 | |
| MA100: | 1.3389 | |
| MAexp7: | 1.3968 | |
| MAexp20: | 1.3947 | |
| MAexp50: | 1.3918 | |
| MAexp100: | 1.3895 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +1.34% | |
| Price / MA50: | +2.36% | |
| Price / MA100: | +4.28% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.48% |
Quotes :
2021-02-19 01:50:09
-
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 Price Forecast - British Pound Heading Towards the Next Big Figure
-
GBP/USD Technical Analysis For February 18, 2021 By FX Empire
-
GBP USD Price Forecast - British Pound Pulls Back
-
GBP/USD Technical Analysis For February 17, 2021 By FX Empire
-
GBP/USD Price Forecast - British Pound Stalling
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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