GBP/USD - 1H - Technical analysis published on 06/30/2024 (GMT)
- 100
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
50%
6%
44%
My opinion
Neutral between 1.2622 USD and 1.2671 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1.2671 USD. The first support is located at 1.2622 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by GBP/USD.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.2643 USD. The price is lower by -0.01% since the last closing with the lowest point at 1.2620 USD and the highest point at 1.2664 USD. The deviation from the price is +0.18% for the low point and -0.17% for the high point.1.2620
1.2664
1.2643
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 LOW record (1st january)
Type : Bearish
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 slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.2612 | 1.2622 | 1.2637 | 1.2643 | 1.2654 | 1.2671 | 1.2702 |
| Change (%) | -0.25% | -0.17% | -0.05% | - | +0.09% | +0.22% | +0.47% |
| Change | -0.0031 | -0.0021 | -0.0006 | - | +0.0011 | +0.0028 | +0.0059 |
| Level | Minor | Major | Minor | - | Minor | Major | 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 | 1.2577 | 1.2598 | 1.2621 | 1.2642 | 1.2665 | 1.2686 | 1.2709 |
| Camarilla | 1.2631 | 1.2635 | 1.2639 | 1.2643 | 1.2647 | 1.2651 | 1.2655 |
| Woodie | 1.2577 | 1.2599 | 1.2621 | 1.2643 | 1.2665 | 1.2687 | 1.2709 |
| Fibonacci | 1.2598 | 1.2615 | 1.2626 | 1.2642 | 1.2659 | 1.2670 | 1.2686 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2513 | 1.2562 | 1.2603 | 1.2652 | 1.2693 | 1.2742 | 1.2783 |
| Camarilla | 1.2618 | 1.2627 | 1.2635 | 1.2643 | 1.2651 | 1.2660 | 1.2668 |
| Woodie | 1.2508 | 1.2560 | 1.2598 | 1.2650 | 1.2688 | 1.2740 | 1.2778 |
| Fibonacci | 1.2562 | 1.2597 | 1.2618 | 1.2652 | 1.2687 | 1.2708 | 1.2742 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2170 | 1.2308 | 1.2525 | 1.2663 | 1.2880 | 1.3018 | 1.3235 |
| Camarilla | 1.2644 | 1.2677 | 1.2710 | 1.2742 | 1.2775 | 1.2807 | 1.2840 |
| Woodie | 1.2210 | 1.2328 | 1.2565 | 1.2683 | 1.2920 | 1.3038 | 1.3275 |
| Fibonacci | 1.2308 | 1.2444 | 1.2527 | 1.2663 | 1.2799 | 1.2882 | 1.3018 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.29 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.2434 | |
| AROON (14): | -14.2858 | |
| DEMA (21): | 1.2641 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2654 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.2620 | |
| Zig ZAG (10): | 1.2643 | |
| VORTEX (21): | 1.0068 | |
| Stochastique (14,3,5): | 49.24 | |
| TEMA (21): | 1.2643 | |
| Williams %R (14): | -47.73 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.0335 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.09 |
| MA7: | 1.2654 | |
| MA20: | 1.2715 | |
| MA50: | 1.2646 | |
| MA100: | 1.2641 | |
| MAexp7: | 1.2642 | |
| MAexp20: | 1.2641 | |
| MAexp50: | 1.2643 | |
| MAexp100: | 1.2651 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -0.02% | |
| Price / MA100: | +0.02% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -0.06% |
Quotes :
-
Real time data
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Forex
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Forecast June 19, 2024
-
GBP/USD Forecast June 17, 2024
-
GBP/USD Forecast June 4, 2024
-
GBP/USD Forecast May 30, 2024
-
GBP/USD Forecast May 27, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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