GBP/USD - 1H - Technical analysis published on 08/28/2024 (GMT)
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- 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:
Neutral
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.3247 USD
My targets
1.3128 USD (-0.0057)
1.3078 USD (-0.0107)
My analysis
The strong short-term decrease of GBP/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1.3247 USD, a sale could be considered. The first bearish objective is located at 1.3128 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 1.3078 USD. If there is any crossing, the next objective would be support 1.3008 USD. Caution, if there is a return to above 1.3247 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3
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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 1.3185 USD. The price registered a decrease of -0.53% on the session and was between 1.3168 USD and 1.3261 USD. This implies that the price is at +0.13% from its lowest and at -0.57% from its highest.1.3168
1.3261
1.3185
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
Technical analysis of GBP/USD in 1H shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
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
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3078 | 1.3128 | 1.3180 | 1.3185 | 1.3247 | 1.3407 | 1.3705 |
| Change (%) | -0.81% | -0.43% | -0.04% | - | +0.47% | +1.68% | +3.94% |
| Change | -0.0107 | -0.0057 | -0.0005 | - | +0.0062 | +0.0222 | +0.0520 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | 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 | 1.3115 | 1.3148 | 1.3201 | 1.3234 | 1.3287 | 1.3320 | 1.3373 |
| Camarilla | 1.3231 | 1.3239 | 1.3247 | 1.3255 | 1.3263 | 1.3271 | 1.3279 |
| Woodie | 1.3126 | 1.3153 | 1.3212 | 1.3239 | 1.3298 | 1.3325 | 1.3384 |
| Fibonacci | 1.3148 | 1.3181 | 1.3201 | 1.3234 | 1.3267 | 1.3287 | 1.3320 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2713 | 1.2820 | 1.3017 | 1.3124 | 1.3321 | 1.3428 | 1.3625 |
| Camarilla | 1.3131 | 1.3159 | 1.3187 | 1.3215 | 1.3243 | 1.3271 | 1.3299 |
| Woodie | 1.2759 | 1.2843 | 1.3063 | 1.3147 | 1.3367 | 1.3451 | 1.3671 |
| Fibonacci | 1.2820 | 1.2936 | 1.3008 | 1.3124 | 1.3240 | 1.3312 | 1.3428 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2202 | 1.2408 | 1.2631 | 1.2837 | 1.3060 | 1.3266 | 1.3489 |
| Camarilla | 1.2735 | 1.2774 | 1.2814 | 1.2853 | 1.2892 | 1.2932 | 1.2971 |
| Woodie | 1.2210 | 1.2412 | 1.2639 | 1.2841 | 1.3068 | 1.3270 | 1.3497 |
| Fibonacci | 1.2408 | 1.2572 | 1.2674 | 1.2837 | 1.3001 | 1.3103 | 1.3266 |
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): | 37.95 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -12.3357 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.3197 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3225 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 1.3235 | |
| Zig ZAG (10): | 1.3186 | |
| VORTEX (21): | 0.7895 | |
| Stochastique (14,3,5): | 17.04 | |
| TEMA (21): | 1.3182 | |
| Williams %R (14): | -73.68 | |
| Chande Momentum Oscillator (20): | -0.0044 | |
| Repulse (5,40,3): | -0.0003 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0071 | |
| Courbe Coppock: | 0.75 |
| MA7: | 1.3153 | |
| MA20: | 1.2926 | |
| MA50: | 1.2859 | |
| MA100: | 1.2738 | |
| MAexp7: | 1.3192 | |
| MAexp20: | 1.3209 | |
| MAexp50: | 1.3210 | |
| MAexp100: | 1.3180 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +2.00% | |
| Price / MA50: | +2.54% | |
| Price / MA100: | +3.51% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | +0.04% |
Quotes :
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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:
-
GBP/USD Forecast August 26, 2024
-
GBP/USD Forecast August 23, 2024
-
GBP/USD Forecast August 21, 2024
-
GBP/USD Forecast August 20, 2024
-
GBP/USD Forecast August 14, 2025
This member declared not having a position on this financial instrument or a related financial instrument.
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