GBP/USD - 1H - Technical analysis published on 08/17/2019 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 1.2137 USD
My targets
1.2151 USD (+0.05%)
1.2176 USD (+0.26%)
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 1.2137 USD. The next resistance located at 1.2151 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 1.2176 USD. After this resistance, buyers could then target 1.2191 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.
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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2145 USD. On the day, this instrument gained +0.45% with the lowest point at 1.2081 USD and the highest point at 1.2176 USD. The deviation from the price is +0.53% for the low point and -0.25% for the high point.1.2081
1.2176
1.2145
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2039 | 1.2107 | 1.2137 | 1.2145 | 1.2151 | 1.2176 | 1.2191 |
| Change (%) | -0.87% | -0.31% | -0.07% | - | +0.05% | +0.26% | +0.38% |
| Change | -0.0106 | -0.0038 | -0.0008 | - | +0.0006 | +0.0031 | +0.0046 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1943 | 1.1996 | 1.2044 | 1.2097 | 1.2145 | 1.2198 | 1.2246 |
| Camarilla | 1.2063 | 1.2073 | 1.2082 | 1.2091 | 1.2100 | 1.2110 | 1.2119 |
| Woodie | 1.1940 | 1.1995 | 1.2041 | 1.2096 | 1.2142 | 1.2197 | 1.2243 |
| Fibonacci | 1.1996 | 1.2035 | 1.2059 | 1.2097 | 1.2136 | 1.2160 | 1.2198 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1779 | 1.1901 | 1.1965 | 1.2087 | 1.2151 | 1.2273 | 1.2337 |
| Camarilla | 1.1977 | 1.1994 | 1.2011 | 1.2028 | 1.2045 | 1.2062 | 1.2079 |
| Woodie | 1.1749 | 1.1887 | 1.1935 | 1.2073 | 1.2121 | 1.2259 | 1.2307 |
| Fibonacci | 1.1901 | 1.1972 | 1.2016 | 1.2087 | 1.2158 | 1.2202 | 1.2273 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1358 | 1.1738 | 1.1946 | 1.2326 | 1.2534 | 1.2914 | 1.3122 |
| Camarilla | 1.1991 | 1.2045 | 1.2099 | 1.2153 | 1.2207 | 1.2261 | 1.2315 |
| Woodie | 1.1271 | 1.1695 | 1.1859 | 1.2283 | 1.2447 | 1.2871 | 1.3035 |
| Fibonacci | 1.1738 | 1.1963 | 1.2102 | 1.2326 | 1.2551 | 1.2690 | 1.2914 |
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): | 58.36 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 5.0567 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.2157 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2176 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.2120 | |
| Zig ZAG (10): | 1.2145 | |
| VORTEX (21): | 1.1698 | |
| Stochastique (14,3,5): | 59.33 | |
| TEMA (21): | 1.2160 | |
| Williams %R (14): | -50.82 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.0158 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0189 | |
| Courbe Coppock: | 0.66 |
| MA7: | 1.2087 | |
| MA20: | 1.2206 | |
| MA50: | 1.2443 | |
| MA100: | 1.2676 | |
| MAexp7: | 1.2149 | |
| MAexp20: | 1.2138 | |
| MAexp50: | 1.2115 | |
| MAexp100: | 1.2102 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | -0.50% | |
| Price / MA50: | -2.39% | |
| Price / MA100: | -4.19% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.36% |
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 19, 2019 by FXEmpire
-
GBP/USD Technical Analysis for the week of August 19, 2019 by FXEmpire
-
GBP/USD Technical Analysis for August 16, 2019 by FXEmpire
-
GBP/USD Technical Analysis for August 15, 2019 by FXEmpire
-
GBP/USD Technical Analysis for August 14, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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