GBP/USD - 1H - Technical analysis published on 10/17/2019 (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
72%
17%
11%
My opinion
Bullish above 1.2743 USD
My targets
1.2878 USD (+0.08%)
1.3032 USD (+1.27%)
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 1.2743 USD. The next resistance located at 1.2878 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 1.3032 USD. After this resistance, buyers could then target 1.3203 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
7.9
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.2868 USD. The price registered an increase of +0.38% on the session and was between 1.2749 USD and 1.2990 USD. This implies that the price is at +0.93% from its lowest and at -0.94% from its highest.1.2749
1.2990
1.2868
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2408 | 1.2493 | 1.2743 | 1.2868 | 1.2878 | 1.3032 | 1.3203 |
| Change (%) | -3.57% | -2.91% | -0.97% | - | +0.08% | +1.27% | +2.60% |
| Change | -0.0460 | -0.0375 | -0.0125 | - | +0.0010 | +0.0164 | +0.0335 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2470 | 1.2564 | 1.2691 | 1.2785 | 1.2912 | 1.3006 | 1.3133 |
| Camarilla | 1.2758 | 1.2779 | 1.2799 | 1.2819 | 1.2839 | 1.2860 | 1.2880 |
| Woodie | 1.2488 | 1.2572 | 1.2709 | 1.2793 | 1.2930 | 1.3014 | 1.3151 |
| Fibonacci | 1.2564 | 1.2648 | 1.2700 | 1.2785 | 1.2869 | 1.2921 | 1.3006 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1814 | 1.2004 | 1.2326 | 1.2516 | 1.2838 | 1.3028 | 1.3350 |
| Camarilla | 1.2506 | 1.2553 | 1.2600 | 1.2647 | 1.2694 | 1.2741 | 1.2788 |
| Woodie | 1.1879 | 1.2037 | 1.2391 | 1.2549 | 1.2903 | 1.3061 | 1.3415 |
| Fibonacci | 1.2004 | 1.2200 | 1.2321 | 1.2516 | 1.2712 | 1.2833 | 1.3028 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.27 | |
| MACD (12,26,9): | 0.0021 | |
| Directional Movement: | 17.9968 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.2850 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2759 | |
| Elder Ray (13): | 0.0035 | |
| Super Trend (3,10): | 1.2748 | |
| Zig ZAG (10): | 1.2852 | |
| VORTEX (21): | 1.0887 | |
| Stochastique (14,3,5): | 57.40 | |
| TEMA (21): | 1.2847 | |
| Williams %R (14): | -57.26 | |
| Chande Momentum Oscillator (20): | 0.0034 | |
| Repulse (5,40,3): | -0.1207 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0201 | |
| Courbe Coppock: | 0.14 |
| MA7: | 1.2619 | |
| MA20: | 1.2439 | |
| MA50: | 1.2321 | |
| MA100: | 1.2418 | |
| MAexp7: | 1.2846 | |
| MAexp20: | 1.2823 | |
| MAexp50: | 1.2772 | |
| MAexp100: | 1.2685 | |
| Price / MA7: | +1.97% | |
| Price / MA20: | +3.45% | |
| Price / MA50: | +4.44% | |
| Price / MA100: | +3.62% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.75% | |
| Price / MAexp100: | +1.44% |
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
-
GBP/USD Technical Analysis for October 17, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 16, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 15, 2019 by FXEmpire
-
GBP/USD Technical Analysis for the week of October 14, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 14, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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