GBP/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPUSD
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GBP/USD - 1H - Technical analysis published on 09/03/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

39%

My opinion

Bearish under 1.3128 USD

My targets

1.3076 USD (-0.0037)

1.3008 USD (-0.0105)

My analysis

The bearish trend is currently very strong for GBP/USD. As long as the price remains below the resistance at 1.3128 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.3076 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.3008 USD as an objective. Crossing it would then enable sellers to target 1.2833 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.5

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 Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/USD rating is 1.3113 USD. The price is lower by -0.21% since the last closing and was traded between 1.3087 USD and 1.3147 USD over the period. The price is currently at +0.20% from its lowest and -0.26% from its highest.

1.3087

1.3147

1.3113

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

The Central Records scanner for higher/lower results shows the following items:

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 overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

MACD crosses UP its Moving Average

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

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	1.3008	1.3076	1.3110	1.3113	1.3128	1.3155	1.3180
Change (%)	-0.80%	-0.28%	-0.02%	-	+0.11%	+0.32%	+0.51%
Change	-0.0105	-0.0037	-0.0003	-	+0.0015	+0.0042	+0.0067
Level	Minor	Minor	Intermediate	-	Major	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

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):	45.90
MACD (12,26,9):	-0.0008
Directional Movement:	0.3146
AROON (14):	-35.7143
DEMA (21):	1.3105
Parabolic SAR (0,02-0,02-0,2):	1.3136
Elder Ray (13):	0.0002
Super Trend (3,10):	1.3142
Zig ZAG (10):	1.3112
VORTEX (21):	0.9231
Stochastique (14,3,5):	40.11
TEMA (21):	1.3103
Williams %R (14):	-59.32
Chande Momentum Oscillator (20):	-0.0002
Repulse (5,40,3):	0.0460
ROCnROLL:	-1
TRIX (15,9):	-0.0087
Courbe Coppock:	0.27

MA7:	1.3169
MA20:	1.3003
MA50:	1.2896
MA100:	1.2765
MAexp7:	1.3108
MAexp20:	1.3115
MAexp50:	1.3129
MAexp100:	1.3143
Price / MA7:	-0.43%
Price / MA20:	+0.85%
Price / MA50:	+1.68%
Price / MA100:	+2.73%
Price / MAexp7:	+0.04%
Price / MAexp20:	-0.02%
Price / MAexp50:	-0.12%
Price / MAexp100:	-0.23%

Quotes : - Real time data - Forex

News

The last news published on GBP/USD at the time of the generation of this analysis was as follows:

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

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