GBP/USD

- USD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	GBPUSD
ISIN:

GBP/USD - 1H - Technical analysis published on 09/03/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

67%

17%

My opinion

Bearish under 1.3155 USD

My targets

1.3110 USD (-0.0028)

1.3076 USD (-0.0062)

My analysis

The basic trend is bearish on GBP/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 1.3155 USD. Buyers would then use the next resistance located at 1.3180 USD as an objective. Crossing it would then enable buyers to target 1.3230 USD. If there is a return to below the support located at 1.3110 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 1.3076 USD and 1.3008 USD by extension.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

Comment on the 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 chin. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/USD rating is 1.3138 USD. The price is lower by -0.02% since the last closing and was between 1.3108 USD and 1.3147 USD. This implies that the price is at +0.23% from its lowest and at -0.07% from its highest.

1.3108

1.3147

1.3138

Here is a more detailed summary of the historical variations registered by GBP/USD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 this 1H chart of GBP/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

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

Near support of triangle

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.3076	1.3110	1.3128	1.3138	1.3155	1.3180	1.3230
Change (%)	-0.47%	-0.21%	-0.08%	-	+0.13%	+0.32%	+0.70%
Change	-0.0062	-0.0028	-0.0010	-	+0.0017	+0.0042	+0.0092
Level	Minor	Intermediate	Major	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3087	1.3103	1.3122	1.3138	1.3157	1.3173	1.3192
Camarilla	1.3130	1.3134	1.3137	1.3140	1.3143	1.3146	1.3150
Woodie	1.3088	1.3104	1.3123	1.3139	1.3158	1.3174	1.3193
Fibonacci	1.3103	1.3117	1.3125	1.3138	1.3152	1.3160	1.3173

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2911	1.3011	1.3067	1.3167	1.3223	1.3323	1.3379
Camarilla	1.3081	1.3095	1.3110	1.3124	1.3138	1.3153	1.3167
Woodie	1.2890	1.3000	1.3046	1.3156	1.3202	1.3312	1.3358
Fibonacci	1.3011	1.3070	1.3107	1.3167	1.3226	1.3263	1.3323

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2168	1.2416	1.2770	1.3018	1.3372	1.3620	1.3974
Camarilla	1.2959	1.3014	1.3069	1.3124	1.3179	1.3234	1.3290
Woodie	1.2221	1.2443	1.2823	1.3045	1.3425	1.3647	1.4027
Fibonacci	1.2416	1.2646	1.2788	1.3018	1.3248	1.3390	1.3620

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.79
MACD (12,26,9):	-0.0004
Directional Movement:	6.4792
AROON (14):	-28.5714
DEMA (21):	1.3125
Parabolic SAR (0,02-0,02-0,2):	1.3111
Elder Ray (13):	0.0008
Super Trend (3,10):	1.3146
Zig ZAG (10):	1.3139
VORTEX (21):	0.9771
Stochastique (14,3,5):	57.54
TEMA (21):	1.3125
Williams %R (14):	-20.51
Chande Momentum Oscillator (20):	-0.0005
Repulse (5,40,3):	0.0862
ROCnROLL:	-1
TRIX (15,9):	-0.0045
Courbe Coppock:	0.27

MA7:	1.3173
MA20:	1.3004
MA50:	1.2897
MA100:	1.2765
MAexp7:	1.3127
MAexp20:	1.3130
MAexp50:	1.3139
MAexp100:	1.3150
Price / MA7:	-0.27%
Price / MA20:	+1.03%
Price / MA50:	+1.87%
Price / MA100:	+2.92%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.06%
Price / MAexp50:	-0.01%
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:

This member declared not having a position on this financial instrument or a related financial instrument.

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