GBP/USD - 1H - Technical analysis published on 11/27/2019 (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:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.2867 USD
My targets
1.2887 USD (+0.06%)
1.2929 USD (+0.39%)
My analysis
GBP/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 1.2867 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 1.2887 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 1.2929 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 1.2977 USD. Beware of a possible return to under the support located at 1.2867 USD which would be the sign of a correction of the bullish excesses registered in the short term.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.4
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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 1.2879 USD. The price has increased by +0.14% since the last closing with the lowest point at 1.2827 USD and the highest point at 1.2894 USD. The deviation from the price is +0.41% for the low point and -0.12% for the high point.1.2827
1.2894
1.2879
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/USD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.2743 | 1.2824 | 1.2867 | 1.2879 | 1.2887 | 1.2929 | 1.2977 |
| Change (%) | -1.06% | -0.43% | -0.09% | - | +0.06% | +0.39% | +0.76% |
| Change | -0.0136 | -0.0055 | -0.0012 | - | +0.0008 | +0.0050 | +0.0098 |
| 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 | 1.2760 | 1.2798 | 1.2829 | 1.2867 | 1.2898 | 1.2936 | 1.2967 |
| Camarilla | 1.2842 | 1.2848 | 1.2855 | 1.2861 | 1.2867 | 1.2874 | 1.2880 |
| Woodie | 1.2758 | 1.2796 | 1.2827 | 1.2865 | 1.2896 | 1.2934 | 1.2965 |
| Fibonacci | 1.2798 | 1.2824 | 1.2840 | 1.2867 | 1.2893 | 1.2909 | 1.2936 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2616 | 1.2720 | 1.2777 | 1.2881 | 1.2938 | 1.3042 | 1.3099 |
| Camarilla | 1.2790 | 1.2805 | 1.2819 | 1.2834 | 1.2849 | 1.2864 | 1.2878 |
| Woodie | 1.2593 | 1.2708 | 1.2754 | 1.2869 | 1.2915 | 1.3030 | 1.3076 |
| Fibonacci | 1.2720 | 1.2782 | 1.2820 | 1.2881 | 1.2943 | 1.2981 | 1.3042 |
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): | 60.83 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 9.4682 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.2864 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2831 | |
| Elder Ray (13): | 0.0022 | |
| Super Trend (3,10): | 1.2844 | |
| Zig ZAG (10): | 1.2891 | |
| VORTEX (21): | 1.1863 | |
| Stochastique (14,3,5): | 95.45 | |
| TEMA (21): | 1.2870 | |
| Williams %R (14): | -10.45 | |
| Chande Momentum Oscillator (20): | 0.0035 | |
| Repulse (5,40,3): | 0.2169 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0047 | |
| Courbe Coppock: | 0.13 |
| MA7: | 1.2893 | |
| MA20: | 1.2882 | |
| MA50: | 1.2700 | |
| MA100: | 1.2489 | |
| MAexp7: | 1.2872 | |
| MAexp20: | 1.2864 | |
| MAexp50: | 1.2869 | |
| MAexp100: | 1.2878 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | +1.41% | |
| Price / MA100: | +3.12% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.01% |
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 27, 2019 by FXEmpire
-
GBP/USD Technical Analysis for November 26, 2019 by FXEmpire
-
GBP/USD Technical Analysis for November 25, 2019 by FXEmpire
-
GBP/USD Technical Analysis for the week of November 25, 2019 by FXEmpire
-
GBP/USD Technical Analysis for November 22, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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