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:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.1997 | 1.2039 | 1.2092 | 1.2134 | 1.2187 | 1.2229 | 1.2282 |
Camarilla | 1.2119 | 1.2128 | 1.2136 | 1.2145 | 1.2154 | 1.2162 | 1.2171 |
Woodie | 1.2003 | 1.2042 | 1.2098 | 1.2137 | 1.2193 | 1.2232 | 1.2288 |
Fibonacci | 1.2039 | 1.2075 | 1.2098 | 1.2134 | 1.2170 | 1.2193 | 1.2229 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.1887 | 1.1951 | 1.2048 | 1.2112 | 1.2209 | 1.2273 | 1.2370 |
Camarilla | 1.2101 | 1.2116 | 1.2130 | 1.2145 | 1.2160 | 1.2175 | 1.2189 |
Woodie | 1.1904 | 1.1959 | 1.2065 | 1.2120 | 1.2226 | 1.2281 | 1.2387 |
Fibonacci | 1.1951 | 1.2013 | 1.2051 | 1.2112 | 1.2174 | 1.2212 | 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 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% |
News
Don"t forget to follow the news on GBP/USD. At the time of publication of this analysis, the latest news was 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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