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GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPUSD
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GBP/USD - 1H - Technical analysis published on 02/22/2021 (GMT)

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Londinia
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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%
50%
33%
My opinion
Bullish above 1.3952 USD
My targets
1.4036 USD (+0.0041)
1.4164 USD (+0.0169)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/USD. As long as you are above the support located at 1.3952 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.4036 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.4164 USD as an objective. Crossing it would then enable buyers to target 1.4340 USD. If the support 1.3952 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.4

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.

TheFuss
This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/USD price is 1.3995 USD. On the day, this instrument lost -0.08% and was between 1.3980 USD and 1.4052 USD. This implies that the price is at +0.11% from its lowest and at -0.41% from its highest.

1.3980
1.4052
1.3995

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:
The Central Records scanner for higher/lower results shows the following items:

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 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, only 9 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3829 1.3865 1.3952 1.3995 1.4036 1.4340 1.7156
Change (%) -1.19% -0.93% -0.31% - +0.29% +2.47% +22.59%
Change -0.0166 -0.0130 -0.0043 - +0.0041 +0.0345 +0.3161
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
Standard1.38741.39131.39591.39981.40441.40831.4129
Camarilla1.39831.39901.39981.40061.40141.40221.4029
Woodie1.38791.39151.39641.40001.40491.40851.4134
Fibonacci1.39131.39451.39651.39981.40301.40501.4083


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.36711.37501.38781.39571.40851.41641.4292
Camarilla1.39491.39681.39871.40061.40251.40441.4063
Woodie1.36961.37621.39031.39691.41101.41761.4317
Fibonacci1.37501.38291.38781.39571.40361.40851.4164


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.32091.33301.35171.36381.38251.39461.4133
Camarilla1.36191.36481.36761.37041.37321.37611.3789
Woodie1.32421.33471.35501.36551.38581.39631.4166
Fibonacci1.33301.34481.35201.36381.37561.38281.3946

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 40.77
MACD (12,26,9): 0.0008
Directional Movement: -5.2264
AROON (14): -42.8571
DEMA (21): 1.4023
Parabolic SAR (0,02-0,02-0,2): 1.4051
Elder Ray (13): -0.0016
Super Trend (3,10): 1.3987
Zig ZAG (10): 1.3994
VORTEX (21): 0.9677
Stochastique (14,3,5): 21.83
TEMA (21): 1.4009
Williams %R (14): -86.11
Chande Momentum Oscillator (20): -0.0014
Repulse (5,40,3): -0.0814
ROCnROLL: -1
TRIX (15,9): 0.0124
Courbe Coppock: 0.07
MA7: 1.3926
MA20: 1.3796
MA50: 1.3655
MA100: 1.3400
MAexp7: 1.4010
MAexp20: 1.4010
MAexp50: 1.3983
MAexp100: 1.3947
Price / MA7: +0.50%
Price / MA20: +1.44%
Price / MA50: +2.49%
Price / MA100: +4.44%
Price / MAexp7: -0.11%
Price / MAexp20: -0.11%
Price / MAexp50: +0.09%
Price / MAexp100: +0.34%

Quotes : 2021-02-22 08:02:59 - Real time data - Forex

News


The latest news and videos published on GBP/USD at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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