GBP/USD - 1H - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 1.2483 USD
My targets
1.2548 USD (+0.0033)
1.2675 USD (+0.0160)
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 1.2483 USD. The next resistance located at 1.2548 USD is the next bullish objective 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 1.2675 USD. After this resistance, buyers could then target 1.2810 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.2515 USD. On the day, this instrument gained +0.06% with the lowest point at 1.2494 USD and the highest point at 1.2541 USD. The deviation from the price is +0.17% for the low point and -0.21% for the high point.1.2494
1.2541
1.2515
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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 a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 10 are bullish, 4 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
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 | 1.2315 | 1.2418 | 1.2483 | 1.2515 | 1.2525 | 1.2548 | 1.2675 |
| Change (%) | -1.60% | -0.78% | -0.26% | - | +0.08% | +0.26% | +1.28% |
| Change | -0.0200 | -0.0097 | -0.0032 | - | +0.0010 | +0.0033 | +0.0160 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 1.2393 | 1.2424 | 1.2465 | 1.2496 | 1.2537 | 1.2568 | 1.2609 |
| Camarilla | 1.2487 | 1.2494 | 1.2500 | 1.2507 | 1.2514 | 1.2520 | 1.2527 |
| Woodie | 1.2399 | 1.2427 | 1.2471 | 1.2499 | 1.2543 | 1.2571 | 1.2615 |
| Fibonacci | 1.2424 | 1.2451 | 1.2468 | 1.2496 | 1.2523 | 1.2540 | 1.2568 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2191 | 1.2279 | 1.2324 | 1.2412 | 1.2457 | 1.2545 | 1.2590 |
| Camarilla | 1.2333 | 1.2346 | 1.2358 | 1.2370 | 1.2382 | 1.2394 | 1.2407 |
| Woodie | 1.2171 | 1.2268 | 1.2304 | 1.2401 | 1.2437 | 1.2534 | 1.2570 |
| Fibonacci | 1.2279 | 1.2330 | 1.2361 | 1.2412 | 1.2463 | 1.2494 | 1.2545 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2176 | 1.2376 | 1.2495 | 1.2695 | 1.2814 | 1.3014 | 1.3133 |
| Camarilla | 1.2527 | 1.2557 | 1.2586 | 1.2615 | 1.2644 | 1.2674 | 1.2703 |
| Woodie | 1.2137 | 1.2356 | 1.2456 | 1.2675 | 1.2775 | 1.2994 | 1.3094 |
| Fibonacci | 1.2376 | 1.2498 | 1.2573 | 1.2695 | 1.2817 | 1.2892 | 1.3014 |
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): | 57.53 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 12.6459 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.2518 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2482 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.2529 | |
| Zig ZAG (10): | 1.2516 | |
| VORTEX (21): | 1.1949 | |
| Stochastique (14,3,5): | 44.68 | |
| TEMA (21): | 1.2515 | |
| Williams %R (14): | -51.06 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | 0.0225 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0096 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.2442 | |
| MA20: | 1.2517 | |
| MA50: | 1.2623 | |
| MA100: | 1.2647 | |
| MAexp7: | 1.2513 | |
| MAexp20: | 1.2507 | |
| MAexp50: | 1.2486 | |
| MAexp100: | 1.2463 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | -0.86% | |
| Price / MA100: | -1.04% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.42% |
Quotes :
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Real time data
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Forex
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:
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GBP/USD April 24 Forecast
-
GBP/USD Forecast April 22, 2024
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Technical Analysis: 03/04/2024 - GBPUSD battles with 200-day SMA
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Technical Analysis: 26/03/2024 - GBPUSD bounces off 200-day SMA
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Trade of the week: short GBP/USD
This member declared not having a position on this financial instrument or a related financial instrument.
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