GBP/USD
GBP USD
1.3338 USD (-1.00%)
Real time - Forex
Open: 1.3473
Change: -0.0135
Volume: 198,063
Low: 1.3306
High: 1.3508
High / Low range: 0.0202
Type: Forex
Ticker: GBPUSD
ISIN:

GBP/USD - 1H - Technical analysis published on 11/19/2019

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  • Timeframe : 1H
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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

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial product so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this analysis. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard1.29101.29271.29381.29551.29661.29831.2994
Camarilla1.29411.29441.29461.29491.29521.29541.2957
Woodie1.29071.29261.29351.29541.29631.29821.2991
Fibonacci1.29271.29381.29441.29551.29661.29721.2983


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.53711.54291.54931.55511.56151.56731.5737
Camarilla1.55251.55361.55471.55581.55691.55801.5592
Woodie1.53751.54311.54971.55531.56191.56751.5741
Fibonacci1.54291.54751.55041.55511.55971.56261.5673


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.16001.18981.24181.27161.32361.35341.4054
Camarilla1.27141.27891.28641.29391.30141.30891.3164
Woodie1.17121.19541.25301.27721.33481.35901.4166
Fibonacci1.18981.22101.24031.27161.30281.32211.3534

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:

This member declared not having a position on this financial instrument or a related instrument.

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