GBP/USD - 1H - Technical analysis published on 10/18/2019 (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:
Neutral
De fond:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 1.2743 USD
My targets
1.2894 USD (+0.19%)
1.3032 USD (+1.26%)
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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.5
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2870 USD. The price has increased by +0.04% since the last closing and was between 1.2839 USD and 1.2921 USD. This implies that the price is at +0.24% from its lowest and at -0.39% from its highest.1.2839
1.2921
1.2870
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/USD chart shows a bullish trend. 78.57% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.2870 | 1.2894 | 1.3032 | 1.3203 |
| Change (%) | -3.59% | -2.93% | -0.99% | - | +0.19% | +1.26% | +2.59% |
| Change | -0.0462 | -0.0377 | -0.0127 | - | +0.0024 | +0.0162 | +0.0333 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2505 | 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): | 52.57 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 3.6038 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.2889 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2774 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.2812 | |
| Zig ZAG (10): | 1.2873 | |
| VORTEX (21): | 1.0675 | |
| Stochastique (14,3,5): | 52.44 | |
| TEMA (21): | 1.2885 | |
| Williams %R (14): | -63.41 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | -0.2232 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0142 | |
| Courbe Coppock: | 0.19 |
| MA7: | 1.2714 | |
| MA20: | 1.2459 | |
| MA50: | 1.2338 | |
| MA100: | 1.2421 | |
| MAexp7: | 1.2880 | |
| MAexp20: | 1.2870 | |
| MAexp50: | 1.2835 | |
| MAexp100: | 1.2759 | |
| Price / MA7: | +1.23% | |
| Price / MA20: | +3.30% | |
| Price / MA50: | +4.31% | |
| Price / MA100: | +3.61% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.87% |
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 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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