GBP/USD - 1H - Technical analysis published on 10/23/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.2891 USD
My targets
1.3032 USD (+0.91%)
1.3203 USD (+2.23%)
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 1.2891 USD. The next resistance located at 1.3032 USD is the next bullish target 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 1.3203 USD. After this resistance, buyers could then target 1.3317 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
6.6
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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 1.2915 USD. On the day, this instrument gained +0.24% and was between 1.2841 USD and 1.2922 USD. This implies that the price is at +0.58% from its lowest and at -0.05% from its highest.1.2841
1.2922
1.2915
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/USD in 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.2657 | 1.2743 | 1.2891 | 1.2915 | 1.3032 | 1.3203 | 1.3317 |
| Change (%) | -2.00% | -1.33% | -0.19% | - | +0.91% | +2.23% | +3.11% |
| Change | -0.0258 | -0.0172 | -0.0024 | - | +0.0117 | +0.0288 | +0.0402 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 1.2693 | 1.2777 | 1.2831 | 1.2915 | 1.2969 | 1.3053 | 1.3107 |
| Camarilla | 1.2846 | 1.2859 | 1.2871 | 1.2884 | 1.2897 | 1.2909 | 1.2922 |
| Woodie | 1.2677 | 1.2770 | 1.2815 | 1.2908 | 1.2953 | 1.3046 | 1.3091 |
| Fibonacci | 1.2777 | 1.2830 | 1.2863 | 1.2915 | 1.2968 | 1.3001 | 1.3053 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2191 | 1.2354 | 1.2665 | 1.2828 | 1.3139 | 1.3302 | 1.3613 |
| Camarilla | 1.2847 | 1.2890 | 1.2934 | 1.2977 | 1.3020 | 1.3064 | 1.3107 |
| Woodie | 1.2266 | 1.2391 | 1.2740 | 1.2865 | 1.3214 | 1.3339 | 1.3688 |
| Fibonacci | 1.2354 | 1.2535 | 1.2647 | 1.2828 | 1.3009 | 1.3121 | 1.3302 |
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): | 59.31 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 4.0534 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.2879 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2860 | |
| Elder Ray (13): | 0.0028 | |
| Super Trend (3,10): | 1.2932 | |
| Zig ZAG (10): | 1.2915 | |
| VORTEX (21): | 1.0802 | |
| Stochastique (14,3,5): | 87.17 | |
| TEMA (21): | 1.2889 | |
| Williams %R (14): | -10.13 | |
| Chande Momentum Oscillator (20): | 0.0054 | |
| Repulse (5,40,3): | 0.2089 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0127 | |
| Courbe Coppock: | 0.47 |
| MA7: | 1.2885 | |
| MA20: | 1.2539 | |
| MA50: | 1.2392 | |
| MA100: | 1.2429 | |
| MAexp7: | 1.2893 | |
| MAexp20: | 1.2886 | |
| MAexp50: | 1.2898 | |
| MAexp100: | 1.2881 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +3.00% | |
| Price / MA50: | +4.22% | |
| Price / MA100: | +3.91% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.26% |
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Technical Analysis for October 24, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 23, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 22, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 21, 2019 by FXEmpire
-
GBP/USD Technical Analysis for the week of October 21, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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