GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPUSD
ISIN:

GBP/USD - 1H - Technical analysis published on 04/16/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.3800 USD
My targets
1.3839 USD (+0.0024)
1.3866 USD (+0.0051)
My analysis
The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.3800 USD, you could try to benefit from the boom. The first bullish objective is located at 1.3839 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.3866 USD as an objective. Crossing it would then enable buyers to target 1.3918 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.

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
8.4

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

Additional analysis

Quotes

GBP/USD rating 1.3815 USD. The price registered an increase of +0.23% on the session and was between 1.3716 USD and 1.3820 USD. This implies that the price is at +0.72% from its lowest and at -0.04% from its highest.

1.3716
1.3820
1.3815

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. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3751 1.3777 1.3800 1.3815 1.3839 1.3866 1.3918
Change (%) -0.46% -0.28% -0.11% - +0.17% +0.37% +0.75%
Change -0.0064 -0.0038 -0.0015 - +0.0024 +0.0051 +0.0103
Level Minor Minor Major - Minor Minor 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
Standard1.37121.37361.37601.37841.38081.38321.3856
Camarilla1.37701.37741.37791.37831.37871.37921.3796
Woodie1.37111.37361.37591.37841.38071.38321.3855
Fibonacci1.37361.37551.37661.37841.38031.38141.3832


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.33611.35161.36101.37651.38591.40141.4108
Camarilla1.36371.36591.36821.37051.37281.37511.3774
Woodie1.33321.35011.35811.37501.38301.39991.4079
Fibonacci1.35161.36111.36701.37651.38601.39191.4014


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.32851.34771.36321.38241.39791.41711.4326
Camarilla1.36911.37221.37541.37861.38181.38501.3881
Woodie1.32661.34681.36131.38151.39601.41621.4307
Fibonacci1.34771.36101.36921.38241.39571.40391.4171

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): 60.04
MACD (12,26,9): 0.0005
Directional Movement: 5.4354
AROON (14): 42.8572
DEMA (21): 1.3784
Parabolic SAR (0,02-0,02-0,2): 1.3739
Elder Ray (13): 0.0019
Super Trend (3,10): 1.3745
Zig ZAG (10): 1.3809
VORTEX (21): 1.0528
Stochastique (14,3,5): 86.67
TEMA (21): 1.3790
Williams %R (14): -5.00
Chande Momentum Oscillator (20): 0.0052
Repulse (5,40,3): 0.2195
ROCnROLL: 1
TRIX (15,9): -0.0009
Courbe Coppock: 0.20
MA7: 1.3761
MA20: 1.3779
MA50: 1.3864
MA100: 1.3703
MAexp7: 1.3794
MAexp20: 1.3780
MAexp50: 1.3775
MAexp100: 1.3769
Price / MA7: +0.39%
Price / MA20: +0.26%
Price / MA50: -0.35%
Price / MA100: +0.82%
Price / MAexp7: +0.15%
Price / MAexp20: +0.25%
Price / MAexp50: +0.29%
Price / MAexp100: +0.33%

Quotes : - Real time data - 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:

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

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