GBP/USD - 1H - Technical analysis published on 02/21/2021 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 1.3952 USD
My targets
1.4036 USD (+0.0024)
1.4164 USD (+0.0152)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/USD as long as the price remains well above 1.3952 USD. The buyers” bullish objective is set at 1.4036 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4164 USD. If there is any crossing, the next objective would be the resistance located at 1.4340 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by m_showlag. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.4012 USD. The price has increased by +0.04% since the last closing and was between 1.4010 USD and 1.4024 USD. This implies that the price is at +0.01% from its lowest and at -0.09% from its highest.1.4010
1.4024
1.4012
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD:
Technical
Technical analysis of GBP/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.3829 | 1.3865 | 1.3952 | 1.4012 | 1.4036 | 1.4340 | 1.7156 |
| Change (%) | -1.31% | -1.05% | -0.43% | - | +0.17% | +2.34% | +22.44% |
| Change | -0.0183 | -0.0147 | -0.0060 | - | +0.0024 | +0.0328 | +0.3144 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3874 | 1.3913 | 1.3959 | 1.3998 | 1.4044 | 1.4083 | 1.4129 |
| Camarilla | 1.3983 | 1.3990 | 1.3998 | 1.4006 | 1.4014 | 1.4022 | 1.4029 |
| Woodie | 1.3879 | 1.3915 | 1.3964 | 1.4000 | 1.4049 | 1.4085 | 1.4134 |
| Fibonacci | 1.3913 | 1.3945 | 1.3965 | 1.3998 | 1.4030 | 1.4050 | 1.4083 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3671 | 1.3750 | 1.3878 | 1.3957 | 1.4085 | 1.4164 | 1.4292 |
| Camarilla | 1.3949 | 1.3968 | 1.3987 | 1.4006 | 1.4025 | 1.4044 | 1.4063 |
| Woodie | 1.3696 | 1.3762 | 1.3903 | 1.3969 | 1.4110 | 1.4176 | 1.4317 |
| Fibonacci | 1.3750 | 1.3829 | 1.3878 | 1.3957 | 1.4036 | 1.4085 | 1.4164 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.86 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 13.4023 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.4025 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4031 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 1.3970 | |
| Zig ZAG (10): | 1.4018 | |
| VORTEX (21): | 1.1538 | |
| Stochastique (14,3,5): | 61.44 | |
| TEMA (21): | 1.4022 | |
| Williams %R (14): | -35.42 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0063 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0193 | |
| Courbe Coppock: | 0.30 |
| MA7: | 1.3930 | |
| MA20: | 1.3797 | |
| MA50: | 1.3655 | |
| MA100: | 1.3401 | |
| MAexp7: | 1.4013 | |
| MAexp20: | 1.4003 | |
| MAexp50: | 1.3970 | |
| MAexp100: | 1.3935 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +1.56% | |
| Price / MA50: | +2.61% | |
| Price / MA100: | +4.56% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.55% |
Quotes :
2021-02-21 23:16:32
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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 Weekly Price Forecast - British Pound Continues to Fly High
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GBP/USD Price Forecast - British Pound Continues to Go Parabolic
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GBP/USD Technical Analysis For February 19, 2021 By FX Empire
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GBP USD Price Forecast - British Pound Heading Towards the Next Big Figure
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GBP/USD Technical Analysis For February 18, 2021 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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