GBP/USD - 1H - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 1.2743 USD
My targets
1.2878 USD (+0.16%)
1.3032 USD (+1.35%)
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 1.2743 USD. The buyers” bullish objective is set at 1.2878 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3032 USD. If there is any crossing, the next objective would be the resistance located at 1.3203 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
6.3
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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 1.2858 USD. On the day, this instrument gained +0.30% and was traded between 1.2749 USD and 1.2990 USD over the period. The price is currently at +0.85% from its lowest and -1.02% from its highest.1.2749
1.2990
1.2858
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/USD chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2408 | 1.2493 | 1.2743 | 1.2858 | 1.2878 | 1.3032 | 1.3203 |
| Change (%) | -3.50% | -2.84% | -0.89% | - | +0.16% | +1.35% | +2.68% |
| Change | -0.0450 | -0.0365 | -0.0115 | - | +0.0020 | +0.0174 | +0.0345 |
| Level | Minor | Major | Major | - | Intermediate | Minor | 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 | 1.2470 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.92 | |
| MACD (12,26,9): | 0.0016 | |
| Directional Movement: | 3.4221 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.2847 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2981 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 1.2748 | |
| Zig ZAG (10): | 1.2845 | |
| VORTEX (21): | 1.0258 | |
| Stochastique (14,3,5): | 34.30 | |
| TEMA (21): | 1.2842 | |
| Williams %R (14): | -61.00 | |
| Chande Momentum Oscillator (20): | 0.0022 | |
| Repulse (5,40,3): | 0.2410 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0190 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.2618 | |
| MA20: | 1.2437 | |
| MA50: | 1.2321 | |
| MA100: | 1.2418 | |
| MAexp7: | 1.2840 | |
| MAexp20: | 1.2824 | |
| MAexp50: | 1.2778 | |
| MAexp100: | 1.2693 | |
| Price / MA7: | +1.90% | |
| Price / MA20: | +3.39% | |
| Price / MA50: | +4.36% | |
| Price / MA100: | +3.54% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.63% | |
| Price / MAexp100: | +1.30% |
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 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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