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 03/12/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 1.3921 USD
My targets
1.4017 USD (+0.0036)
1.4146 USD (+0.0165)
My analysis
The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.3921 USD, you could try to benefit from the boom. The first bullish objective is located at 1.4017 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.4146 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, technical indicators confirm the bullish opinion of this analysis. 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

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

Additional analysis

Quotes

GBP/USD rating 1.3981 USD. The price is lower by -0.05% since the last closing and was between 1.3978 USD and 1.4005 USD. This implies that the price is at +0.02% from its lowest and at -0.17% from its highest.

1.3978
1.4005
1.3981

A study of price movements over other periods shows the following variations:

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. This strongly bullish trend is supported by the strong bullish signals 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, only 8 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3800 1.3845 1.3921 1.3981 1.3994 1.4017 1.4146
Change (%) -1.29% -0.97% -0.43% - +0.09% +0.26% +1.18%
Change -0.0181 -0.0136 -0.0060 - +0.0013 +0.0036 +0.0165
Level Major Minor Intermediate - Intermediate Intermediate Intermediate



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
Standard1.38621.38901.39391.39671.40161.40441.4093
Camarilla1.39671.39741.39811.39881.39951.40021.4009
Woodie1.38731.38951.39501.39721.40271.40491.4104
Fibonacci1.38901.39191.39381.39671.39961.40151.4044


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.35041.36421.37421.38801.39801.41181.4218
Camarilla1.37781.37991.38211.38431.38651.38871.3909
Woodie1.34861.36331.37241.38711.39621.41091.4200
Fibonacci1.36421.37331.37891.38801.39711.40271.4118


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.29021.32341.35781.39101.42541.45861.4930
Camarilla1.37361.37981.38601.39221.39841.40461.4108
Woodie1.29081.32371.35841.39131.42601.45891.4936
Fibonacci1.32341.34921.36521.39101.41681.43281.4586

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): 59.31
MACD (12,26,9): 0.0017
Directional Movement: 3.5704
AROON (14): 71.4285
DEMA (21): 1.3995
Parabolic SAR (0,02-0,02-0,2): 1.3973
Elder Ray (13): 0.0007
Super Trend (3,10): 1.3954
Zig ZAG (10): 1.3982
VORTEX (21): 1.1281
Stochastique (14,3,5): 82.76
TEMA (21): 1.3997
Williams %R (14): -34.85
Chande Momentum Oscillator (20): 0.0030
Repulse (5,40,3): -0.1052
ROCnROLL: -1
TRIX (15,9): 0.0185
Courbe Coppock: 0.49
MA7: 1.3906
MA20: 1.3952
MA50: 1.3788
MA100: 1.3539
MAexp7: 1.3987
MAexp20: 1.3972
MAexp50: 1.3941
MAexp100: 1.3920
Price / MA7: +0.54%
Price / MA20: +0.21%
Price / MA50: +1.40%
Price / MA100: +3.26%
Price / MAexp7: -0.04%
Price / MAexp20: +0.06%
Price / MAexp50: +0.29%
Price / MAexp100: +0.44%

Quotes : 2021-03-12 02:38:41 - Real time data - Forex

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

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