GBP/USD - 1H - Technical analysis published on 01/23/2020 (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
22%
39%
39%
My opinion
Bullish above 1.3083 USD
My targets
1.3153 USD (+0.0038)
1.3317 USD (+0.0202)
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 1.3083 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.3153 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 1.3317 USD as an objective. Crossing it would then enable buyers to target 1.3473 USD. If the support 1.3083 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
2
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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 rating is 1.3115 USD. On the day, this instrument gained -0.22% with the lowest point at 1.3102 USD and the highest point at 1.3151 USD. The deviation from the price is +0.10% for the low point and -0.27% for the high point.1.3102
1.3151
1.3115
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2962 | 1.3034 | 1.3083 | 1.3115 | 1.3119 | 1.3153 | 1.3317 |
| Change (%) | -1.17% | -0.62% | -0.24% | - | +0.03% | +0.29% | +1.54% |
| Change | -0.0153 | -0.0081 | -0.0032 | - | +0.0004 | +0.0038 | +0.0202 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | 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 | 1.2950 | 1.2993 | 1.3068 | 1.3111 | 1.3186 | 1.3229 | 1.3304 |
| Camarilla | 1.3112 | 1.3122 | 1.3133 | 1.3144 | 1.3155 | 1.3166 | 1.3176 |
| Woodie | 1.2967 | 1.3001 | 1.3085 | 1.3119 | 1.3203 | 1.3237 | 1.3321 |
| Fibonacci | 1.2993 | 1.3038 | 1.3066 | 1.3111 | 1.3156 | 1.3184 | 1.3229 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2772 | 1.2863 | 1.2937 | 1.3028 | 1.3102 | 1.3193 | 1.3267 |
| Camarilla | 1.2966 | 1.2981 | 1.2996 | 1.3011 | 1.3026 | 1.3041 | 1.3056 |
| Woodie | 1.2764 | 1.2859 | 1.2929 | 1.3024 | 1.3094 | 1.3189 | 1.3259 |
| Fibonacci | 1.2863 | 1.2926 | 1.2965 | 1.3028 | 1.3091 | 1.3130 | 1.3193 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2314 | 1.2605 | 1.2933 | 1.3224 | 1.3552 | 1.3843 | 1.4171 |
| Camarilla | 1.3091 | 1.3148 | 1.3204 | 1.3261 | 1.3318 | 1.3375 | 1.3431 |
| Woodie | 1.2333 | 1.2614 | 1.2952 | 1.3233 | 1.3571 | 1.3852 | 1.4190 |
| Fibonacci | 1.2605 | 1.2842 | 1.2988 | 1.3224 | 1.3461 | 1.3607 | 1.3843 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.55 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 0.0815 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.3138 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3144 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 1.3104 | |
| Zig ZAG (10): | 1.3120 | |
| VORTEX (21): | 0.9129 | |
| Stochastique (14,3,5): | 30.74 | |
| TEMA (21): | 1.3129 | |
| Williams %R (14): | -64.44 | |
| Chande Momentum Oscillator (20): | -0.0016 | |
| Repulse (5,40,3): | -0.0525 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0138 | |
| Courbe Coppock: | 0.16 |
| MA7: | 1.3063 | |
| MA20: | 1.3095 | |
| MA50: | 1.3057 | |
| MA100: | 1.2833 | |
| MAexp7: | 1.3127 | |
| MAexp20: | 1.3125 | |
| MAexp50: | 1.3100 | |
| MAexp100: | 1.3075 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | +0.15% | |
| Price / MA50: | +0.44% | |
| Price / MA100: | +2.20% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.31% |
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 January 23, 2020 by FXEmpire
-
GBP/USD Technical Analysis for January 22, 2020 by FXEmpire
-
GBP/USD Technical Analysis for January 21, 2020 by FXEmpire
-
GBP/USD Technical Analysis for the week of January 20, 2020 by FXEmpire
-
GBP/USD Technical Analysis for January 20, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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