GBP/USD - 1H - Technical analysis published on 12/29/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.3420 USD
My targets
1.3601 USD (+0.0123)
1.3629 USD (+0.0151)
My analysis
GBP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.3420 USD. The next resistance located at 1.3601 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.3629 USD. After this resistance, buyers could then target 1.3822 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.9
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This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.3478 USD. The price has increased by +0.34% since the last closing with the lowest point at 1.3408 USD and the highest point at 1.3499 USD. The deviation from the price is +0.52% for the low point and -0.16% for the high point.1.3408
1.3499
1.3478
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
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 | 1.3323 | 1.3420 | 1.3473 | 1.3478 | 1.3629 | 1.3822 | 1.3962 |
| Change (%) | -1.15% | -0.43% | -0.04% | - | +1.12% | +2.55% | +3.59% |
| Change | -0.0155 | -0.0058 | -0.0005 | - | +0.0151 | +0.0344 | +0.0484 |
| Level | Intermediate | Major | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3364 | 1.3390 | 1.3411 | 1.3437 | 1.3458 | 1.3484 | 1.3505 |
| Camarilla | 1.3420 | 1.3424 | 1.3429 | 1.3433 | 1.3437 | 1.3442 | 1.3446 |
| Woodie | 1.3363 | 1.3389 | 1.3410 | 1.3436 | 1.3457 | 1.3483 | 1.3504 |
| Fibonacci | 1.3390 | 1.3408 | 1.3419 | 1.3437 | 1.3455 | 1.3466 | 1.3484 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2969 | 1.3071 | 1.3234 | 1.3336 | 1.3499 | 1.3601 | 1.3764 |
| Camarilla | 1.3324 | 1.3348 | 1.3373 | 1.3397 | 1.3421 | 1.3446 | 1.3470 |
| Woodie | 1.3000 | 1.3086 | 1.3265 | 1.3351 | 1.3530 | 1.3616 | 1.3795 |
| Fibonacci | 1.3071 | 1.3172 | 1.3235 | 1.3336 | 1.3437 | 1.3500 | 1.3601 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2592 | 1.2893 | 1.3095 | 1.3396 | 1.3598 | 1.3899 | 1.4101 |
| Camarilla | 1.3158 | 1.3204 | 1.3250 | 1.3296 | 1.3342 | 1.3388 | 1.3434 |
| Woodie | 1.2542 | 1.2868 | 1.3045 | 1.3371 | 1.3548 | 1.3874 | 1.4051 |
| Fibonacci | 1.2893 | 1.3086 | 1.3204 | 1.3396 | 1.3589 | 1.3707 | 1.3899 |
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): | 70.55 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 19.0488 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 1.3455 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3426 | |
| Elder Ray (13): | 0.0036 | |
| Super Trend (3,10): | 1.3432 | |
| Zig ZAG (10): | 1.3488 | |
| VORTEX (21): | 1.1871 | |
| Stochastique (14,3,5): | 88.10 | |
| TEMA (21): | 1.3463 | |
| Williams %R (14): | -12.09 | |
| Chande Momentum Oscillator (20): | 0.0056 | |
| Repulse (5,40,3): | 0.2463 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0024 | |
| Courbe Coppock: | 0.39 |
| MA7: | 1.3397 | |
| MA20: | 1.3301 | |
| MA50: | 1.3430 | |
| MA100: | 1.3572 | |
| MAexp7: | 1.3462 | |
| MAexp20: | 1.3445 | |
| MAexp50: | 1.3434 | |
| MAexp100: | 1.3412 | |
| Price / MA7: | +0.60% | |
| Price / MA20: | +1.33% | |
| Price / MA50: | +0.36% | |
| Price / MA100: | -0.69% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.49% |
Quotes :
-
Real time data
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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 December 30, 2021 by FXEmpire
-
GBP/USD Technical Analysis for December 29, 2021 by FXEmpire
-
GBP/USD Technical Analysis for December 28, 2021 by FXEmpire
-
GBP/USD Technical Analysis for the Week of December 27, 2021 by FXEmpire
-
GBP/USD Technical Analysis for December 27, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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