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GBPUSD H4 Chart Technical Overview: Indicators, Key Levels,Patterns
GBPUSD H4 Chart Technical Overview: Indicators, Key Levels, Patterns
Time: Pre Asia
H4 Chart Overview is updated prior to London and New York Opening.
This is just a technical summary of the said pair/instrument on the mentioned chart timeframe.
Please note that the fundamentals and Economic Calendar Data Flow may have a strong impact.
Current Value: 1.27563
RSI(14) 66.488 Bullish
STOCH(9,6) 73.696 Bullish
STOCHRSI(14) 93.183 Overbought
MACD(12,26) 0.002 Bullish
ADX(14) 40.149 Bullish
Williams %R -3.398 Overbought
CCI(14) 116.5293 Bullish
ATR(14) 0.0041 High Volatility
Highs/Lows(14) 0.0054 Bullish
Ultimate Oscillator 65.812 Bullish
ROC 1.417 Bullish
Bull/Bear Power(13) 0.0113 Bullish
Buy: 9 Sell: 0 Neutral: 0
Summary: STRONG BULLISH
SMA 20: 1.26500 / Buy
EMA 50: 1.26550 / Buy
SMA 100: 1.26590 / Buy
SMA 200: 1.27400 / Neutral – Price has just broken above the SMA 200
The first Moving Average Resistance: 1.27900 EMA50 Daily
The first Moving Average Support: 1.26500 SMA 100 H4
Summary: Price is above all main Moving Averages. Strong Bullish. Strong resistance at 1.27900-1.28100 ( EMA 50 Daily )
The upside is capped by Daily SMA 100 and SMA 200 at 1.29500
Bollinger Bands Readings
Bollinger Bandwidth(20): 0.02590
Bollinger Bands %b(20:2): 80.70
Summary: Price has rooms for 20-40 pips upside. Early for a retracement.
Senkou Span A: 1.26450
Senkou Span B: 1.26670
Tenkan-sen Kijun-sen: Bullish
Ichimoku Summary: Strong Bullish
Support / Pivot / Resistance
S3 S2 S1 Pivot R1 R2 R3
Classic 1.2611 1.2634 1.2681 1.2705 1.2752 1.2776 1.2823
Fibonacci 1.2634 1.2661 1.2678 1.2705 1.2732 1.2749 1.2776
Camarilla 1.2708 1.2715 1.2721 1.2705 1.2734 1.2740 1.2747
Woodie’s 1.2621 1.2639 1.2691 1.2710 1.2762 1.2781 1.2833
Murrey Math Calculations ( Support / Pivot / Resistance ):
Upside Levels: 1.27560 +1/8MM Overshoot 1.28174 +2/8MM Extremely Overshoot
Downside Levels: 1.26950 8/8MM Support 1.26340 7/8MM Strong Support
Summary: 1.28170 is the key resistance. The price must break and close above 1.28170 in order to continue the bullish move.
Divergence ( Regular / Hidden)
Candle Patterns ( Confirmed Only )
Bullish Hammer / Confirmed 2 Candle Before
Breakout and Harmonic Patterns
Inverse Head And Shoulders: Validated / Neckline 1.27200
Bearish Butterfly Pattern: Emerging Entry: 1.28270 – Details will be published later –
Technical Summary H4 Chart:
Moving Averages make a bullish crossover and headed North. RSI has upside room. Pullbacks towards 1.26000 can be used as buying opportunities. 1.28000 – 1.28200 is the retracement/ correction level. Those levels can be used as a selling opportunity.
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
Indicators: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility