GBP/USD

- USD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	GBPUSD
ISIN:

GBP/USD - 1H - Technical analysis published on 04/26/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

17%

22%

My opinion

Bullish above 1.2483 USD

My targets

1.2548 USD (+0.0025)

1.2675 USD (+0.0152)

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 1.2483 USD. The next resistance located at 1.2548 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 1.2675 USD. After this resistance, buyers could then target 1.2810 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

Comment on the analysis

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 Branislav1. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/USD rating 1.2523 USD. On the day, this instrument gained +0.13% and was traded between 1.2494 USD and 1.2541 USD over the period. The price is currently at +0.23% from its lowest and -0.14% from its highest.

1.2494

1.2541

1.2523

Here is a more detailed summary of the historical variations registered by GBP/USD:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/USD in 1H shows a strongly overall bullish trend. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2315	1.2418	1.2483	1.2523	1.2525	1.2548	1.2675
Change (%)	-1.66%	-0.84%	-0.32%	-	+0.02%	+0.20%	+1.21%
Change	-0.0208	-0.0105	-0.0040	-	+0.0002	+0.0025	+0.0152
Level	Major	Major	Intermediate	-	Intermediate	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2393	1.2424	1.2465	1.2496	1.2537	1.2568	1.2609
Camarilla	1.2487	1.2494	1.2500	1.2507	1.2514	1.2520	1.2527
Woodie	1.2399	1.2427	1.2471	1.2499	1.2543	1.2571	1.2615
Fibonacci	1.2424	1.2451	1.2468	1.2496	1.2523	1.2540	1.2568

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2191	1.2279	1.2324	1.2412	1.2457	1.2545	1.2590
Camarilla	1.2333	1.2346	1.2358	1.2370	1.2382	1.2394	1.2407
Woodie	1.2171	1.2268	1.2304	1.2401	1.2437	1.2534	1.2570
Fibonacci	1.2279	1.2330	1.2361	1.2412	1.2463	1.2494	1.2545

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2176	1.2376	1.2495	1.2695	1.2814	1.3014	1.3133
Camarilla	1.2527	1.2557	1.2586	1.2615	1.2644	1.2674	1.2703
Woodie	1.2137	1.2356	1.2456	1.2675	1.2775	1.2994	1.3094
Fibonacci	1.2376	1.2498	1.2573	1.2695	1.2817	1.2892	1.3014

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):	67.58
MACD (12,26,9):	0.0008
Directional Movement:	16.3959
AROON (14):	35.7143
DEMA (21):	1.2517
Parabolic SAR (0,02-0,02-0,2):	1.2474
Elder Ray (13):	0.0014
Super Trend (3,10):	1.2476
Zig ZAG (10):	1.2532
VORTEX (21):	0.9973
Stochastique (14,3,5):	58.17
TEMA (21):	1.2513
Williams %R (14):	-23.40
Chande Momentum Oscillator (20):	0.0016
Repulse (5,40,3):	0.2198
ROCnROLL:	1
TRIX (15,9):	0.0104
Courbe Coppock:	0.08

MA7:	1.2444
MA20:	1.2518
MA50:	1.2623
MA100:	1.2647
MAexp7:	1.2512
MAexp20:	1.2504
MAexp50:	1.2483
MAexp100:	1.2460
Price / MA7:	+0.63%
Price / MA20:	+0.04%
Price / MA50:	-0.79%
Price / MA100:	-0.98%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.15%
Price / MAexp50:	+0.32%
Price / MAexp100:	+0.51%

Quotes : - Real time data - Forex

News

The last news published on GBP/USD at the time of the generation of this analysis was as follows:

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

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