GBP/USD - 1H - Technical analysis published on 02/28/2024 (GMT)
- 144
- 1
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
17%
50%
My opinion
Bearish under 1.2669 USD
My targets
1.2620 USD (-0.0032)
1.2579 USD (-0.0073)
My analysis
In the short term, we can see an acceleration in the bearish trend on GBP/USD, which is a positive signal for sellers. As long as the price remains above 1.2669 USD, a sale could be considered. The first bearish objective is located at 1.2620 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.2579 USD as an objective. Crossing it would then enable sellers to target 1.2550 USD. If the price were to return above 1.2669 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2652 USD. The price registered a decrease of -0.22% on the session with the lowest point at 1.2621 USD and the highest point at 1.2684 USD. The deviation from the price is +0.25% for the low point and -0.25% for the high point.1.2621
1.2684
1.2652
Here is a more detailed summary of the historical variations registered by GBP/USD:
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 this 1H chart of GBP/USD indicates that the overall trend is bearish. 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel 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 | 1.2550 | 1.2579 | 1.2620 | 1.2652 | 1.2669 | 1.2688 | 1.2700 |
| Change (%) | -0.81% | -0.58% | -0.25% | - | +0.13% | +0.28% | +0.38% |
| Change | -0.0102 | -0.0073 | -0.0032 | - | +0.0017 | +0.0036 | +0.0048 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | 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 | 1.2624 | 1.2642 | 1.2661 | 1.2679 | 1.2698 | 1.2716 | 1.2735 |
| Camarilla | 1.2670 | 1.2673 | 1.2677 | 1.2680 | 1.2683 | 1.2687 | 1.2690 |
| Woodie | 1.2625 | 1.2642 | 1.2662 | 1.2679 | 1.2699 | 1.2716 | 1.2736 |
| Fibonacci | 1.2642 | 1.2656 | 1.2665 | 1.2679 | 1.2693 | 1.2702 | 1.2716 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2467 | 1.2523 | 1.2597 | 1.2653 | 1.2727 | 1.2783 | 1.2857 |
| Camarilla | 1.2635 | 1.2647 | 1.2659 | 1.2671 | 1.2683 | 1.2695 | 1.2707 |
| Woodie | 1.2476 | 1.2528 | 1.2606 | 1.2658 | 1.2736 | 1.2788 | 1.2866 |
| Fibonacci | 1.2523 | 1.2573 | 1.2603 | 1.2653 | 1.2703 | 1.2733 | 1.2783 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2400 | 1.2498 | 1.2589 | 1.2687 | 1.2778 | 1.2876 | 1.2967 |
| Camarilla | 1.2627 | 1.2644 | 1.2662 | 1.2679 | 1.2696 | 1.2714 | 1.2731 |
| Woodie | 1.2396 | 1.2496 | 1.2585 | 1.2685 | 1.2774 | 1.2874 | 1.2963 |
| Fibonacci | 1.2498 | 1.2571 | 1.2615 | 1.2687 | 1.2760 | 1.2804 | 1.2876 |
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): | 46.04 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -2.4734 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.2649 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2631 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.2669 | |
| Zig ZAG (10): | 1.2651 | |
| VORTEX (21): | 0.9119 | |
| Stochastique (14,3,5): | 65.41 | |
| TEMA (21): | 1.2648 | |
| Williams %R (14): | -41.51 | |
| Chande Momentum Oscillator (20): | -0.0008 | |
| Repulse (5,40,3): | -0.0656 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0089 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.2659 | |
| MA20: | 1.2629 | |
| MA50: | 1.2676 | |
| MA100: | 1.2536 | |
| MAexp7: | 1.2654 | |
| MAexp20: | 1.2657 | |
| MAexp50: | 1.2665 | |
| MAexp100: | 1.2663 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +0.18% | |
| Price / MA50: | -0.19% | |
| Price / MA100: | +0.93% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.09% |
Quotes :
-
Real time data
-
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:
-
Fun Fact Friday: Why is GBPUSD called cable?
-
Technical Analysis: 23/02/2024 - GBPUSD tries to strengthen bullish move above SMAs
-
Technical Analysis: 14/02/2024 - GBPUSD bears push for a breakout
-
GBP/USD Forecast February 13, 2024
-
GBP/USD Technical Analysis for February 09, 2024 by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
1 comments on the analysis GBP/USD - 1H