GBP/USD - 1H - Technical analysis published on 04/01/2021 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 1.3756 USD
My targets
1.3847 USD (+0.0057)
1.3877 USD (+0.0087)
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 1.3756 USD. Crossing the first resistance at 1.3847 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.3877 USD as an objective. Crossing it would then enable buyers to target 1.3986 USD. Caution, a return to below 1.3756 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.3790 USD. The price has increased by +0.03% since the last closing with the lowest point at 1.3746 USD and the highest point at 1.3796 USD. The deviation from the price is +0.32% for the low point and -0.04% for the high point.1.3746
1.3796
1.3790
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 this 1H chart of GBP/USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
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
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3716 | 1.3756 | 1.3783 | 1.3790 | 1.3800 | 1.3847 | 1.3877 |
| Change (%) | -0.54% | -0.25% | -0.05% | - | +0.07% | +0.41% | +0.63% |
| Change | -0.0074 | -0.0034 | -0.0007 | - | +0.0010 | +0.0057 | +0.0087 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3635 | 1.3675 | 1.3731 | 1.3771 | 1.3827 | 1.3867 | 1.3923 |
| Camarilla | 1.3760 | 1.3768 | 1.3777 | 1.3786 | 1.3795 | 1.3804 | 1.3812 |
| Woodie | 1.3642 | 1.3679 | 1.3738 | 1.3775 | 1.3834 | 1.3871 | 1.3930 |
| Fibonacci | 1.3675 | 1.3712 | 1.3735 | 1.3771 | 1.3808 | 1.3831 | 1.3867 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3475 | 1.3572 | 1.3682 | 1.3779 | 1.3889 | 1.3986 | 1.4096 |
| Camarilla | 1.3734 | 1.3753 | 1.3772 | 1.3791 | 1.3810 | 1.3829 | 1.3848 |
| Woodie | 1.3481 | 1.3575 | 1.3688 | 1.3782 | 1.3895 | 1.3989 | 1.4102 |
| Fibonacci | 1.3572 | 1.3651 | 1.3700 | 1.3779 | 1.3858 | 1.3907 | 1.3986 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3285 | 1.3477 | 1.3632 | 1.3824 | 1.3979 | 1.4171 | 1.4326 |
| Camarilla | 1.3691 | 1.3722 | 1.3754 | 1.3786 | 1.3818 | 1.3850 | 1.3881 |
| Woodie | 1.3266 | 1.3468 | 1.3613 | 1.3815 | 1.3960 | 1.4162 | 1.4307 |
| Fibonacci | 1.3477 | 1.3610 | 1.3692 | 1.3824 | 1.3957 | 1.4039 | 1.4171 |
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): | 57.73 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 4.5378 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 1.3783 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3749 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 1.3739 | |
| Zig ZAG (10): | 1.3788 | |
| VORTEX (21): | 1.0365 | |
| Stochastique (14,3,5): | 73.33 | |
| TEMA (21): | 1.3781 | |
| Williams %R (14): | -18.00 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | 0.0999 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0047 | |
| Courbe Coppock: | 0.11 |
| MA7: | 1.3760 | |
| MA20: | 1.3843 | |
| MA50: | 1.3842 | |
| MA100: | 1.3645 | |
| MAexp7: | 1.3780 | |
| MAexp20: | 1.3777 | |
| MAexp50: | 1.3771 | |
| MAexp100: | 1.3769 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | -0.38% | |
| Price / MA50: | -0.38% | |
| Price / MA100: | +1.06% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.15% |
Quotes :
2021-04-01 12:24:48
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Real time data
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Forex
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Daily Forecast - U.S. Dollar Gains Ground Against British Pound
-
GBP/USD Technical Analysis for April 1, 2021 by FXEmpire
-
GBP/USD Daily Forecast - U.S. Dollar Remains Strong Against British Pound
-
GBP/USD Technical Analysis for March 31, 2021 by FXEmpire
-
GBP/USD Daily Forecast - U.S. Dollar Tries To Gain More Ground As Treasury Yields Rise
This member declared not having a position on this financial instrument or a related financial instrument.
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