GBP/USD - 1H - Technical analysis published on 08/31/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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 1.3768 USD
My targets
1.3886 USD (+0.0092)
1.3962 USD (+0.0168)
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 1.3768 USD. The buyers' bullish objective is set at 1.3886 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3962 USD. If there is any crossing, the next objective would be the resistance located at 1.4146 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.3794 USD. The price registered an increase of +0.25% on the session with the lowest point at 1.3756 USD and the highest point at 1.3801 USD. The deviation from the price is +0.28% for the low point and -0.05% for the high point.1.3756
1.3801
1.3794
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
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 : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3686 | 1.3748 | 1.3768 | 1.3794 | 1.3800 | 1.3962 | 1.4146 |
| Change (%) | -0.78% | -0.33% | -0.19% | - | +0.04% | +1.22% | +2.55% |
| Change | -0.0108 | -0.0046 | -0.0026 | - | +0.0006 | +0.0168 | +0.0352 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3696 | 1.3715 | 1.3737 | 1.3756 | 1.3778 | 1.3797 | 1.3819 |
| Camarilla | 1.3748 | 1.3752 | 1.3755 | 1.3759 | 1.3763 | 1.3767 | 1.3770 |
| Woodie | 1.3698 | 1.3716 | 1.3739 | 1.3757 | 1.3780 | 1.3798 | 1.3821 |
| Fibonacci | 1.3715 | 1.3731 | 1.3740 | 1.3756 | 1.3772 | 1.3781 | 1.3797 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3490 | 1.3552 | 1.3657 | 1.3719 | 1.3824 | 1.3886 | 1.3991 |
| Camarilla | 1.3716 | 1.3731 | 1.3747 | 1.3762 | 1.3777 | 1.3793 | 1.3808 |
| Woodie | 1.3512 | 1.3563 | 1.3679 | 1.3730 | 1.3846 | 1.3897 | 1.4013 |
| Fibonacci | 1.3552 | 1.3616 | 1.3655 | 1.3719 | 1.3783 | 1.3822 | 1.3886 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3246 | 1.3409 | 1.3657 | 1.3820 | 1.4068 | 1.4231 | 1.4479 |
| Camarilla | 1.3792 | 1.3830 | 1.3867 | 1.3905 | 1.3943 | 1.3980 | 1.4018 |
| Woodie | 1.3289 | 1.3430 | 1.3700 | 1.3841 | 1.4111 | 1.4252 | 1.4522 |
| Fibonacci | 1.3409 | 1.3566 | 1.3663 | 1.3820 | 1.3977 | 1.4074 | 1.4231 |
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): | 72.92 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 26.2903 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.3779 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3753 | |
| Elder Ray (13): | 0.0024 | |
| Super Trend (3,10): | 1.3764 | |
| Zig ZAG (10): | 1.3793 | |
| VORTEX (21): | 1.1867 | |
| Stochastique (14,3,5): | 92.52 | |
| TEMA (21): | 1.3782 | |
| Williams %R (14): | -22.00 | |
| Chande Momentum Oscillator (20): | 0.0025 | |
| Repulse (5,40,3): | 0.0965 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0048 | |
| Courbe Coppock: | 0.33 |
| MA7: | 1.3748 | |
| MA20: | 1.3786 | |
| MA50: | 1.3815 | |
| MA100: | 1.3922 | |
| MAexp7: | 1.3782 | |
| MAexp20: | 1.3769 | |
| MAexp50: | 1.3757 | |
| MAexp100: | 1.3744 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +0.06% | |
| Price / MA50: | -0.15% | |
| Price / MA100: | -0.92% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.36% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
-
GBP/USD Technical Analysis for August 31, 2021 by FXEmpire
-
GBP/USD Technical Analysis for the Week of August 30, 2021 by FXEmpire
-
GBP/USD Technical Analysis for August 30, 2021 by FXEmpire
-
GBP/USD Technical Analysis for August 27, 2021 by FXEmpire
-
GBP/USD Technical Analysis for August 26, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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