GBP/USD - 1H - Technical analysis published on 10/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 1.2743 USD
My targets
1.2894 USD (+0.33%)
1.3032 USD (+1.41%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/USD. As long as you are above the support located at 1.2743 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.2894 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.3032 USD as an objective. Crossing it would then enable buyers to target 1.3203 USD. If the support 1.2743 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
FORCE
0
10
2.1
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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 price is 1.2851 USD. The price registered a decrease of -0.11% on the session with the lowest point at 1.2842 USD and the highest point at 1.2873 USD. The deviation from the price is +0.07% for the low point and -0.17% for the high point.1.2842
1.2873
1.2851
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is bullish. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.2408 | 1.2493 | 1.2743 | 1.2851 | 1.2894 | 1.3032 | 1.3203 |
| Change (%) | -3.45% | -2.79% | -0.84% | - | +0.33% | +1.41% | +2.74% |
| Change | -0.0443 | -0.0358 | -0.0108 | - | +0.0043 | +0.0181 | +0.0352 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2505 | 1.2627 | 1.2746 | 1.2868 | 1.2987 | 1.3109 | 1.3228 |
| Camarilla | 1.2799 | 1.2821 | 1.2843 | 1.2865 | 1.2887 | 1.2909 | 1.2931 |
| Woodie | 1.2504 | 1.2626 | 1.2745 | 1.2867 | 1.2986 | 1.3108 | 1.3227 |
| Fibonacci | 1.2627 | 1.2719 | 1.2776 | 1.2868 | 1.2960 | 1.3017 | 1.3109 |
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): | 51.10 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | -1.3898 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.2872 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2929 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.2774 | |
| Zig ZAG (10): | 1.2850 | |
| VORTEX (21): | 1.1052 | |
| Stochastique (14,3,5): | 59.43 | |
| TEMA (21): | 1.2865 | |
| Williams %R (14): | -54.55 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | -0.1060 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0187 | |
| Courbe Coppock: | 0.34 |
| MA7: | 1.2712 | |
| MA20: | 1.2458 | |
| MA50: | 1.2338 | |
| MA100: | 1.2421 | |
| MAexp7: | 1.2859 | |
| MAexp20: | 1.2853 | |
| MAexp50: | 1.2813 | |
| MAexp100: | 1.2733 | |
| Price / MA7: | +1.09% | |
| Price / MA20: | +3.15% | |
| Price / MA50: | +4.16% | |
| Price / MA100: | +3.46% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.93% |
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 18, 2019 by FXEmpire
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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