GBP/USD - 1H - Technical analysis published on 05/02/2024 (GMT)
- 78
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
17%
28%
56%
My opinion
Neutral between 1.2466 USD and 1.2534 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1.2534 USD. The first support is located at 1.2466 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
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
The GBP/USD rating is 1.2515 USD. The price is lower by -0.17% since the last closing with the lowest point at 1.2507 USD and the highest point at 1.2545 USD. The deviation from the price is +0.06% for the low point and -0.24% for the high point.1.2507
1.2545
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/USD chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 10 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.2350 | 1.2418 | 1.2466 | 1.2515 | 1.2534 | 1.2570 | 1.2675 |
| Change (%) | -1.32% | -0.78% | -0.39% | - | +0.15% | +0.44% | +1.28% |
| Change | -0.0165 | -0.0097 | -0.0049 | - | +0.0019 | +0.0055 | +0.0160 |
| Level | Major | Major | Major | - | Intermediate | Intermediate | 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 | 1.2401 | 1.2433 | 1.2485 | 1.2517 | 1.2569 | 1.2601 | 1.2653 |
| Camarilla | 1.2513 | 1.2521 | 1.2528 | 1.2536 | 1.2544 | 1.2551 | 1.2559 |
| Woodie | 1.2410 | 1.2438 | 1.2494 | 1.2522 | 1.2578 | 1.2606 | 1.2662 |
| Fibonacci | 1.2433 | 1.2465 | 1.2485 | 1.2517 | 1.2549 | 1.2569 | 1.2601 |
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): | 48.41 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | -1.4595 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 1.2527 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2549 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.2487 | |
| Zig ZAG (10): | 1.2513 | |
| VORTEX (21): | 1.0599 | |
| Stochastique (14,3,5): | 54.11 | |
| TEMA (21): | 1.2532 | |
| Williams %R (14): | -58.93 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | -0.1881 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0091 | |
| Courbe Coppock: | 0.31 |
| MA7: | 1.2508 | |
| MA20: | 1.2500 | |
| MA50: | 1.2614 | |
| MA100: | 1.2645 | |
| MAexp7: | 1.2523 | |
| MAexp20: | 1.2519 | |
| MAexp50: | 1.2514 | |
| MAexp100: | 1.2507 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | -0.78% | |
| Price / MA100: | -1.03% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +0.06% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
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GBP/USD Forecast May 2, 2024
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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