GBP/USD - 1H - Technical analysis published on 04/13/2021 (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
78%
0%
22%
My opinion
Bullish above 1.3723 USD
My targets
1.3776 USD (+0.0021)
1.3800 USD (+0.0045)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/USD as long as the price remains well above 1.3723 USD. The buyers” bullish objective is set at 1.3776 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3800 USD. If there is any crossing, the next objective would be the resistance located at 1.3853 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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 m_showlag. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.3755 USD. On the day, this instrument gained +0.02% and was between 1.3694 USD and 1.3769 USD. This implies that the price is at +0.45% from its lowest and at -0.10% from its highest.1.3694
1.3769
1.3755
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. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
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 3
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
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3697 | 1.3723 | 1.3746 | 1.3755 | 1.3776 | 1.3800 | 1.3853 |
| Change (%) | -0.42% | -0.23% | -0.07% | - | +0.15% | +0.33% | +0.71% |
| Change | -0.0058 | -0.0032 | -0.0009 | - | +0.0021 | +0.0045 | +0.0098 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3581 | 1.3625 | 1.3689 | 1.3733 | 1.3797 | 1.3841 | 1.3905 |
| Camarilla | 1.3723 | 1.3733 | 1.3743 | 1.3753 | 1.3763 | 1.3773 | 1.3783 |
| Woodie | 1.3591 | 1.3630 | 1.3699 | 1.3738 | 1.3807 | 1.3846 | 1.3915 |
| Fibonacci | 1.3625 | 1.3666 | 1.3692 | 1.3733 | 1.3774 | 1.3800 | 1.3841 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3361 | 1.3516 | 1.3610 | 1.3765 | 1.3859 | 1.4014 | 1.4108 |
| Camarilla | 1.3637 | 1.3659 | 1.3682 | 1.3705 | 1.3728 | 1.3751 | 1.3774 |
| Woodie | 1.3332 | 1.3501 | 1.3581 | 1.3750 | 1.3830 | 1.3999 | 1.4079 |
| Fibonacci | 1.3516 | 1.3611 | 1.3670 | 1.3765 | 1.3860 | 1.3919 | 1.4014 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.17 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 2.4014 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.3751 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3762 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 1.3770 | |
| Zig ZAG (10): | 1.3755 | |
| VORTEX (21): | 1.0494 | |
| Stochastique (14,3,5): | 79.80 | |
| TEMA (21): | 1.3752 | |
| Williams %R (14): | -15.28 | |
| Chande Momentum Oscillator (20): | 0.0032 | |
| Repulse (5,40,3): | 0.0364 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.11 |
| MA7: | 1.3776 | |
| MA20: | 1.3799 | |
| MA50: | 1.3858 | |
| MA100: | 1.3690 | |
| MAexp7: | 1.3751 | |
| MAexp20: | 1.3746 | |
| MAexp50: | 1.3741 | |
| MAexp100: | 1.3747 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -0.32% | |
| Price / MA50: | -0.74% | |
| Price / MA100: | +0.47% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.06% |
Quotes :
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Real time data
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Forex
News
Don"t forget to follow the news on GBP/USD. At the time of publication of this analysis, the latest news was as follows:
-
GBP/USD Technical Analysis for April 14, 2021 by FXEmpire
-
GBP/USD Daily Forecast - British Pound Tries To Gain More Ground Against U.S. Dollar
-
GBP/USD Technical Analysis for April 13, 2021 by FXEmpire
-
GBP/USD Daily Forecast - Support At 1.3665 In Sight
-
GBP/USD Technical Analysis for the Week of April 5, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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