GBP/USD - 1H - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 1.2942 USD
My targets
1.2985 USD (+0.25%)
1.3175 USD (+1.71%)
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 1.2942 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.2985 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 1.3175 USD as an objective. Crossing it would then enable buyers to target 1.3317 USD. If the support 1.2942 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 sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
3.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.2953 USD. On the day, this instrument gained +0.03% with the lowest point at 1.2945 USD and the highest point at 1.2970 USD. The deviation from the price is +0.06% for the low point and -0.13% for the high point.1.2945
1.2970
1.2953
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this GBP/USD chart shows a bullish trend. The signals given by moving averages are 75% bullish. This bullish trend could slow down given the neutral 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.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
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 under support 3
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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2867 | 1.2890 | 1.2942 | 1.2953 | 1.2985 | 1.3175 | 1.3317 |
| Change (%) | -0.66% | -0.49% | -0.08% | - | +0.25% | +1.71% | +2.81% |
| Change | -0.0086 | -0.0063 | -0.0011 | - | +0.0032 | +0.0222 | +0.0364 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Major |
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 | 1.2910 | 1.2927 | 1.2938 | 1.2955 | 1.2966 | 1.2983 | 1.2994 |
| Camarilla | 1.2941 | 1.2944 | 1.2946 | 1.2949 | 1.2952 | 1.2954 | 1.2957 |
| Woodie | 1.2907 | 1.2926 | 1.2935 | 1.2954 | 1.2963 | 1.2982 | 1.2991 |
| Fibonacci | 1.2927 | 1.2938 | 1.2944 | 1.2955 | 1.2966 | 1.2972 | 1.2983 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5371 | 1.5429 | 1.5493 | 1.5551 | 1.5615 | 1.5673 | 1.5737 |
| Camarilla | 1.5525 | 1.5536 | 1.5547 | 1.5558 | 1.5569 | 1.5580 | 1.5592 |
| Woodie | 1.5375 | 1.5431 | 1.5497 | 1.5553 | 1.5619 | 1.5675 | 1.5741 |
| Fibonacci | 1.5429 | 1.5475 | 1.5504 | 1.5551 | 1.5597 | 1.5626 | 1.5673 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1600 | 1.1898 | 1.2418 | 1.2716 | 1.3236 | 1.3534 | 1.4054 |
| Camarilla | 1.2714 | 1.2789 | 1.2864 | 1.2939 | 1.3014 | 1.3089 | 1.3164 |
| Woodie | 1.1712 | 1.1954 | 1.2530 | 1.2772 | 1.3348 | 1.3590 | 1.4166 |
| Fibonacci | 1.1898 | 1.2210 | 1.2403 | 1.2716 | 1.3028 | 1.3221 | 1.3534 |
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): | 54.72 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 10.2700 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 1.2961 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2937 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.2932 | |
| Zig ZAG (10): | 1.2956 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 41.33 | |
| TEMA (21): | 1.2956 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | -0.0198 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0072 | |
| Courbe Coppock: | 0.04 |
| MA7: | 1.2882 | |
| MA20: | 1.2871 | |
| MA50: | 1.2654 | |
| MA100: | 1.2470 | |
| MAexp7: | 1.2955 | |
| MAexp20: | 1.2953 | |
| MAexp50: | 1.2935 | |
| MAexp100: | 1.2910 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | +2.36% | |
| Price / MA100: | +3.87% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.33% |
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 November 19, 2019 by FXEmpire
-
GBP/USD Technical Analysis for November 18, 2019 by FXEmpire
-
GBP/USD Technical Analysis for the week of November 18, 2019 by FXEmpire
-
GBP/USD Technical Analysis for November 15, 2019 by FXEmpire
-
GBP/USD Technical Analysis for November 14, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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