GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPUSD
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GBP/USD - 1H - Technical analysis published on 08/18/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 1.2151 USD
My targets
1.2176 USD (+0.15%)
1.2191 USD (+0.27%)
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 1.2151 USD. The buyers” bullish objective is set at 1.2176 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.2191 USD. If there is any crossing, the next objective would be the resistance located at 1.2493 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/USD price is 1.2158 USD. The price registered an increase of +0.11% on the session with the lowest point at 1.2142 USD and the highest point at 1.2165 USD. The deviation from the price is +0.13% for the low point and -0.06% for the high point.

1.2142
1.2165
1.2158

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, only 7 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Aroon indicator bearish trend

Type : Bearish

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 these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2107 1.2137 1.2151 1.2158 1.2176 1.2191 1.2493
Change (%) -0.42% -0.17% -0.06% - +0.15% +0.27% +2.76%
Change -0.0051 -0.0021 -0.0007 - +0.0018 +0.0033 +0.0335
Level Intermediate Minor Minor - Intermediate Minor Major



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
Standard1.19971.20391.20921.21341.21871.22291.2282
Camarilla1.21191.21281.21361.21451.21541.21621.2171
Woodie1.20031.20421.20981.21371.21931.22321.2288
Fibonacci1.20391.20751.20981.21341.21701.21931.2229


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.18871.19511.20481.21121.22091.22731.2370
Camarilla1.21011.21161.21301.21451.21601.21751.2189
Woodie1.19041.19591.20651.21201.22261.22811.2387
Fibonacci1.19511.20131.20511.21121.21741.22121.2273


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.13581.17381.19461.23261.25341.29141.3122
Camarilla1.19911.20451.20991.21531.22071.22611.2315
Woodie1.12711.16951.18591.22831.24471.28711.3035
Fibonacci1.17381.19631.21021.23261.25511.26901.2914

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): 61.36
MACD (12,26,9): 0.0012
Directional Movement: 6.8819
AROON (14): -14.2857
DEMA (21): 1.2161
Parabolic SAR (0,02-0,02-0,2): 1.2173
Elder Ray (13): 0.0007
Super Trend (3,10): 1.2120
Zig ZAG (10): 1.2158
VORTEX (21): 1.1850
Stochastique (14,3,5): 44.44
TEMA (21): 1.2162
Williams %R (14): -43.59
Chande Momentum Oscillator (20): -0.0008
Repulse (5,40,3): 0.0373
ROCnROLL: 1
TRIX (15,9): 0.0173
Courbe Coppock: 0.18
MA7: 1.2089
MA20: 1.2190
MA50: 1.2432
MA100: 1.2667
MAexp7: 1.2153
MAexp20: 1.2144
MAexp50: 1.2121
MAexp100: 1.2106
Price / MA7: +0.57%
Price / MA20: -0.26%
Price / MA50: -2.20%
Price / MA100: -4.02%
Price / MAexp7: +0.04%
Price / MAexp20: +0.12%
Price / MAexp50: +0.31%
Price / MAexp100: +0.43%

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

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