GBP/USD - 1H - Technical analysis published on 04/29/2022 (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
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.2493 USD
My targets
1.2570 USD (+0.0046)
1.2723 USD (+0.0199)
My analysis
The strong short-term increase in GBP/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1.2493 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1.2570 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.2723 USD as an objective. Crossing it would then enable buyers to target 1.2864 USD. Caution, a return under 1.2493 USD could jeopardize the reversal.
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
2.9
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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
GBP/USD rating 1.2524 USD. The price has increased by +0.47% since the last closing and was between 1.2465 USD and 1.2527 USD. This implies that the price is at +0.47% from its lowest and at -0.02% from its highest.1.2465
1.2527
1.2524
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
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently 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 under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2037 | 1.2411 | 1.2493 | 1.2524 | 1.2570 | 1.2723 | 1.2864 |
| Change (%) | -3.89% | -0.90% | -0.25% | - | +0.37% | +1.59% | +2.71% |
| Change | -0.0487 | -0.0113 | -0.0031 | - | +0.0046 | +0.0199 | +0.0340 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | 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 | 1.2235 | 1.2323 | 1.2394 | 1.2482 | 1.2553 | 1.2641 | 1.2712 |
| Camarilla | 1.2421 | 1.2436 | 1.2450 | 1.2465 | 1.2480 | 1.2494 | 1.2509 |
| Woodie | 1.2227 | 1.2319 | 1.2386 | 1.2478 | 1.2545 | 1.2637 | 1.2704 |
| Fibonacci | 1.2323 | 1.2384 | 1.2421 | 1.2482 | 1.2543 | 1.2580 | 1.2641 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2476 | 1.2649 | 1.2744 | 1.2917 | 1.3012 | 1.3185 | 1.3280 |
| Camarilla | 1.2765 | 1.2790 | 1.2814 | 1.2839 | 1.2864 | 1.2888 | 1.2913 |
| Woodie | 1.2437 | 1.2630 | 1.2705 | 1.2898 | 1.2973 | 1.3166 | 1.3241 |
| Fibonacci | 1.2649 | 1.2751 | 1.2815 | 1.2917 | 1.3019 | 1.3083 | 1.3185 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2514 | 1.2757 | 1.2951 | 1.3194 | 1.3388 | 1.3631 | 1.3825 |
| Camarilla | 1.3025 | 1.3065 | 1.3105 | 1.3145 | 1.3185 | 1.3225 | 1.3265 |
| Woodie | 1.2490 | 1.2745 | 1.2927 | 1.3182 | 1.3364 | 1.3619 | 1.3801 |
| Fibonacci | 1.2757 | 1.2924 | 1.3027 | 1.3194 | 1.3361 | 1.3464 | 1.3631 |
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): | 60.41 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 4.8351 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.2478 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2431 | |
| Elder Ray (13): | 0.0031 | |
| Super Trend (3,10): | 1.2529 | |
| Zig ZAG (10): | 1.2523 | |
| VORTEX (21): | 1.0193 | |
| Stochastique (14,3,5): | 96.69 | |
| TEMA (21): | 1.2497 | |
| Williams %R (14): | -2.60 | |
| Chande Momentum Oscillator (20): | 0.0059 | |
| Repulse (5,40,3): | 0.2795 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0154 | |
| Courbe Coppock: | 0.68 |
| MA7: | 1.2673 | |
| MA20: | 1.2922 | |
| MA50: | 1.3107 | |
| MA100: | 1.3301 | |
| MAexp7: | 1.2498 | |
| MAexp20: | 1.2487 | |
| MAexp50: | 1.2522 | |
| MAexp100: | 1.2606 | |
| Price / MA7: | -1.18% | |
| Price / MA20: | -3.08% | |
| Price / MA50: | -4.45% | |
| Price / MA100: | -5.84% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -0.65% |
Quotes :
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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:
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GBP/USD Technical Analysis for April 29, 2022 by FXEmpire
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GBP/USD Technical Analysis for April 28, 2022 by FXEmpire
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GBP/USD Technical Analysis for April 27, 2022 by FXEmpire
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GBP/USD Technical Analysis for April 25, 2022 by FXEmpire
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GBP/USD Technical Analysis for the Week of April 25, 2022 by FXEmpire
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