GBP/USD - 1H - Technical analysis published on 05/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 1.2507 USD
My targets
1.2469 USD (-0.0020)
1.2418 USD (-0.0071)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/USD as long as the price remains well below 1.2507 USD. The sellers' bearish objective is set at 1.2469 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.2418 USD. In case of crossing, the next objective would be the support located at 1.2350 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.4
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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 1.2489 USD. The price has increased by +0.00% since the last closing with the lowest point at 1.2466 USD and the highest point at 1.2497 USD. The deviation from the price is +0.18% for the low point and -0.06% for the high point.1.2466
1.2497
1.2489
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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 an overall bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
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 | 1.2350 | 1.2418 | 1.2469 | 1.2489 | 1.2507 | 1.2534 | 1.2570 |
| Change (%) | -1.11% | -0.57% | -0.16% | - | +0.14% | +0.36% | +0.65% |
| Change | -0.0139 | -0.0071 | -0.0020 | - | +0.0018 | +0.0045 | +0.0081 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2386 | 1.2436 | 1.2462 | 1.2512 | 1.2538 | 1.2588 | 1.2614 |
| Camarilla | 1.2468 | 1.2475 | 1.2482 | 1.2489 | 1.2496 | 1.2503 | 1.2510 |
| Woodie | 1.2375 | 1.2430 | 1.2451 | 1.2506 | 1.2527 | 1.2582 | 1.2603 |
| Fibonacci | 1.2436 | 1.2465 | 1.2483 | 1.2512 | 1.2541 | 1.2559 | 1.2588 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2106 | 1.2202 | 1.2348 | 1.2444 | 1.2590 | 1.2686 | 1.2832 |
| Camarilla | 1.2427 | 1.2449 | 1.2471 | 1.2493 | 1.2515 | 1.2537 | 1.2560 |
| Woodie | 1.2130 | 1.2215 | 1.2372 | 1.2457 | 1.2614 | 1.2699 | 1.2856 |
| Fibonacci | 1.2202 | 1.2295 | 1.2352 | 1.2444 | 1.2537 | 1.2594 | 1.2686 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1879 | 1.2089 | 1.2289 | 1.2499 | 1.2699 | 1.2909 | 1.3109 |
| Camarilla | 1.2376 | 1.2414 | 1.2451 | 1.2489 | 1.2527 | 1.2564 | 1.2602 |
| Woodie | 1.1874 | 1.2087 | 1.2284 | 1.2497 | 1.2694 | 1.2907 | 1.3104 |
| Fibonacci | 1.2089 | 1.2246 | 1.2342 | 1.2499 | 1.2656 | 1.2752 | 1.2909 |
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): | 44.14 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -12.5873 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.2477 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2466 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.2506 | |
| Zig ZAG (10): | 1.2496 | |
| VORTEX (21): | 0.8209 | |
| Stochastique (14,3,5): | 39.10 | |
| TEMA (21): | 1.2471 | |
| Williams %R (14): | -30.95 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | 0.1370 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0167 | |
| Courbe Coppock: | 0.45 |
| MA7: | 1.2493 | |
| MA20: | 1.2504 | |
| MA50: | 1.2616 | |
| MA100: | 1.2645 | |
| MAexp7: | 1.2483 | |
| MAexp20: | 1.2494 | |
| MAexp50: | 1.2508 | |
| MAexp100: | 1.2503 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | -1.01% | |
| Price / MA100: | -1.23% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.11% |
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:
-
GBP/USD April 24 Forecast
-
GBP/USD Forecast April 22, 2024
-
Technical Analysis: 03/04/2024 - GBPUSD battles with 200-day SMA
-
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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