GBP/USD - 1H - Technical analysis published on 10/11/2019 (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
61%
0%
39%
My opinion
Bullish above 1.2413 USD
My targets
1.2469 USD (+0.13%)
1.2493 USD (+0.32%)
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 1.2413 USD. The next resistance located at 1.2469 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 1.2493 USD. After this resistance, buyers could then target 1.3032 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.
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
8
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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
The GBP/USD rating is 1.2453 USD. On the day, this instrument gained +0.19% and was traded between 1.2428 USD and 1.2467 USD over the period. The price is currently at +0.20% from its lowest and -0.11% from its highest.1.2428
1.2467
1.2453
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. 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.
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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.2286 | 1.2340 | 1.2413 | 1.2453 | 1.2469 | 1.2493 | 1.3032 |
| Change (%) | -1.34% | -0.91% | -0.32% | - | +0.13% | +0.32% | +4.65% |
| Change | -0.0167 | -0.0113 | -0.0040 | - | +0.0016 | +0.0040 | +0.0579 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2008 | 1.2108 | 1.2269 | 1.2369 | 1.2530 | 1.2630 | 1.2791 |
| Camarilla | 1.2358 | 1.2382 | 1.2406 | 1.2430 | 1.2454 | 1.2478 | 1.2502 |
| Woodie | 1.2039 | 1.2123 | 1.2300 | 1.2384 | 1.2561 | 1.2645 | 1.2822 |
| Fibonacci | 1.2108 | 1.2208 | 1.2269 | 1.2369 | 1.2469 | 1.2530 | 1.2630 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2012 | 1.2108 | 1.2220 | 1.2316 | 1.2428 | 1.2524 | 1.2636 |
| Camarilla | 1.2274 | 1.2293 | 1.2312 | 1.2331 | 1.2350 | 1.2369 | 1.2388 |
| Woodie | 1.2019 | 1.2112 | 1.2227 | 1.2320 | 1.2435 | 1.2528 | 1.2643 |
| Fibonacci | 1.2108 | 1.2188 | 1.2237 | 1.2316 | 1.2396 | 1.2445 | 1.2524 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1347 | 1.1652 | 1.1971 | 1.2276 | 1.2595 | 1.2900 | 1.3219 |
| Camarilla | 1.2117 | 1.2175 | 1.2232 | 1.2289 | 1.2346 | 1.2403 | 1.2461 |
| Woodie | 1.1353 | 1.1656 | 1.1977 | 1.2280 | 1.2601 | 1.2904 | 1.3225 |
| Fibonacci | 1.1652 | 1.1891 | 1.2038 | 1.2276 | 1.2515 | 1.2662 | 1.2900 |
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): | 78.19 | |
| MACD (12,26,9): | 0.0050 | |
| Directional Movement: | 30.3807 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.2467 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2435 | |
| Elder Ray (13): | 0.0031 | |
| Super Trend (3,10): | 1.2391 | |
| Zig ZAG (10): | 1.2460 | |
| VORTEX (21): | 1.3442 | |
| Stochastique (14,3,5): | 87.10 | |
| TEMA (21): | 1.2485 | |
| Williams %R (14): | -13.70 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | 0.1240 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0633 | |
| Courbe Coppock: | 1.73 |
| MA7: | 1.2326 | |
| MA20: | 1.2372 | |
| MA50: | 1.2269 | |
| MA100: | 1.2412 | |
| MAexp7: | 1.2445 | |
| MAexp20: | 1.2399 | |
| MAexp50: | 1.2332 | |
| MAexp100: | 1.2304 | |
| Price / MA7: | +1.03% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | +1.50% | |
| Price / MA100: | +0.33% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +0.98% | |
| Price / MAexp100: | +1.21% |
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 October 11, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 10, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 09, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 08, 2019 by FXEmpire
-
Weekly Technical Analysis: 07/10/2019 - USDJPY, GBPUSD, USDCAD
This member declared not having a position on this financial instrument or a related financial instrument.
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