GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPUSD
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GBP/USD - 1H - Technical analysis published on 02/24/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 1.4117 USD
My targets
1.4292 USD (+0.0152)
1.4340 USD (+0.0200)
My analysis
The basic bullish trend is very strong on GBP/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.4117 USD. Crossing the first resistance at 1.4292 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.4340 USD as an objective. Crossing it would then enable buyers to target 1.7156 USD. Caution, a return to below 1.4117 USD would be a sign of a consolidation phase in the short-term basic trend. 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 not called into question, despite technical indicators being indecisive.
Force
0
10
5.5

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

Quotes

The GBP/USD price is 1.4140 USD. The price has increased by +0.15% since the last closing and was between 1.4082 USD and 1.4242 USD. This implies that the price is at +0.41% from its lowest and at -0.72% from its highest.

1.4082
1.4242
1.4140

Here is a more detailed summary of the historical variations registered by GBP/USD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 5 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3952 1.4053 1.4117 1.4140 1.4340 1.7156 1.9435
Change (%) -1.33% -0.62% -0.16% - +1.41% +21.33% +37.45%
Change -0.0188 -0.0087 -0.0023 - +0.0200 +0.3016 +0.5295
Level Intermediate Intermediate Minor - Intermediate Intermediate Minor



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
Standard1.40081.40311.40751.40981.41421.41651.4209
Camarilla1.41011.41071.41131.41191.41251.41311.4137
Woodie1.40191.40361.40861.41031.41531.41701.4220
Fibonacci1.40311.40571.40721.40981.41241.41391.4165


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 54.81
MACD (12,26,9): 0.0001
Directional Movement: 8.2445
AROON (14): -64.2857
DEMA (21): 1.4130
Parabolic SAR (0,02-0,02-0,2): 1.4155
Elder Ray (13): 0.0004
Super Trend (3,10): 1.4181
Zig ZAG (10): 1.4138
VORTEX (21): 1.0161
Stochastique (14,3,5): 41.19
TEMA (21): 1.4121
Williams %R (14): -50.88
Chande Momentum Oscillator (20): -0.0026
Repulse (5,40,3): 0.1137
ROCnROLL: 1
TRIX (15,9): 0.0050
Courbe Coppock: 0.67
MA7: 1.4007
MA20: 1.3842
MA50: 1.3691
MA100: 1.3424
MAexp7: 1.4125
MAexp20: 1.4126
MAexp50: 1.4105
MAexp100: 1.4061
Price / MA7: +0.95%
Price / MA20: +2.15%
Price / MA50: +3.28%
Price / MA100: +5.33%
Price / MAexp7: +0.11%
Price / MAexp20: +0.10%
Price / MAexp50: +0.25%
Price / MAexp100: +0.56%

Quotes : 2021-02-24 21:14:50 - 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.

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