GBP/USD - 1H - Technical analysis published on 02/23/2021 (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
28%
33%
39%
My opinion
Bullish above 1.4052 USD
My targets
1.4086 USD (+0.0019)
1.4164 USD (+0.0097)
My analysis
GBP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.4052 USD. The next resistance located at 1.4086 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.4164 USD. After this resistance, buyers could then target 1.4340 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.4067 USD. On the day, this instrument lost -0.01% with the lowest point at 1.4062 USD and the highest point at 1.4085 USD. The deviation from the price is +0.04% for the low point and -0.13% for the high point.1.4062
1.4085
1.4067
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 GBP/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3861 | 1.3952 | 1.4052 | 1.4067 | 1.4086 | 1.4340 | 1.7156 |
| Change (%) | -1.46% | -0.82% | -0.11% | - | +0.14% | +1.94% | +21.96% |
| Change | -0.0206 | -0.0115 | -0.0015 | - | +0.0019 | +0.0273 | +0.3089 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3897 | 1.3939 | 1.4003 | 1.4045 | 1.4109 | 1.4151 | 1.4215 |
| Camarilla | 1.4039 | 1.4049 | 1.4058 | 1.4068 | 1.4078 | 1.4087 | 1.4097 |
| Woodie | 1.3909 | 1.3945 | 1.4015 | 1.4051 | 1.4121 | 1.4157 | 1.4227 |
| Fibonacci | 1.3939 | 1.3979 | 1.4004 | 1.4045 | 1.4085 | 1.4110 | 1.4151 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.71 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 3.3300 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.4083 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4064 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.4039 | |
| Zig ZAG (10): | 1.4066 | |
| VORTEX (21): | 1.1920 | |
| Stochastique (14,3,5): | 71.03 | |
| TEMA (21): | 1.4082 | |
| Williams %R (14): | -67.86 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | -0.0824 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0164 | |
| Courbe Coppock: | 0.31 |
| MA7: | 1.3968 | |
| MA20: | 1.3816 | |
| MA50: | 1.3673 | |
| MA100: | 1.3412 | |
| MAexp7: | 1.4074 | |
| MAexp20: | 1.4063 | |
| MAexp50: | 1.4031 | |
| MAexp100: | 1.3989 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +1.82% | |
| Price / MA50: | +2.88% | |
| Price / MA100: | +4.88% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.56% |
Quotes :
2021-02-23 06:39:42
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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 Technical Analysis for February 23, 2021 by FXEmpire
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GBP/USD Daily Forecast - Test Of Resistance At 1.4025
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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
-
GBP/USD Technical Analysis For February 19, 2021 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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