GBP/USD - 1H - Technical analysis published on 11/19/2024 (GMT)
- 40
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Neutral
Technical indicators
72%
11%
17%
My opinion
Neutral between 1.2613 USD and 1.2769 USD
My targets
-
My analysis
The basic trend is neutral 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 1.2769 USD. The first support is located at 1.2613 USD. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the 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.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by Holland86. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2676 USD. The price registered a decrease of -0.02% on the session with the lowest point at 1.2613 USD and the highest point at 1.2689 USD. The deviation from the price is +0.50% for the low point and -0.10% for the high point.1.2613
1.2689
1.2676
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 GBP/USD in 1H shows a neutral overall trend. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 | 1.2343 | 1.2491 | 1.2613 | 1.2676 | 1.2681 | 1.2769 | 1.2824 |
| Change (%) | -2.63% | -1.46% | -0.50% | - | +0.04% | +0.73% | +1.17% |
| Change | -0.0333 | -0.0185 | -0.0063 | - | +0.0005 | +0.0093 | +0.0148 |
| Level | Major | Minor | Intermediate | - | Major | 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 | 1.2550 | 1.2579 | 1.2629 | 1.2658 | 1.2708 | 1.2737 | 1.2787 |
| Camarilla | 1.2657 | 1.2665 | 1.2672 | 1.2679 | 1.2686 | 1.2694 | 1.2701 |
| Woodie | 1.2561 | 1.2584 | 1.2640 | 1.2663 | 1.2719 | 1.2742 | 1.2798 |
| Fibonacci | 1.2579 | 1.2609 | 1.2628 | 1.2658 | 1.2688 | 1.2707 | 1.2737 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2174 | 1.2385 | 1.2503 | 1.2714 | 1.2832 | 1.3043 | 1.3161 |
| Camarilla | 1.2530 | 1.2560 | 1.2590 | 1.2620 | 1.2650 | 1.2680 | 1.2711 |
| Woodie | 1.2127 | 1.2362 | 1.2456 | 1.2691 | 1.2785 | 1.3020 | 1.3114 |
| Fibonacci | 1.2385 | 1.2511 | 1.2589 | 1.2714 | 1.2840 | 1.2918 | 1.3043 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2151 | 1.2498 | 1.2697 | 1.3044 | 1.3243 | 1.3590 | 1.3789 |
| Camarilla | 1.2747 | 1.2797 | 1.2847 | 1.2897 | 1.2947 | 1.2997 | 1.3047 |
| Woodie | 1.2078 | 1.2461 | 1.2624 | 1.3007 | 1.3170 | 1.3553 | 1.3716 |
| Fibonacci | 1.2498 | 1.2706 | 1.2835 | 1.3044 | 1.3252 | 1.3381 | 1.3590 |
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): | 58.65 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 2.6778 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.2658 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2617 | |
| Elder Ray (13): | 0.0017 | |
| Super Trend (3,10): | 1.2691 | |
| Zig ZAG (10): | 1.2675 | |
| VORTEX (21): | 0.9843 | |
| Stochastique (14,3,5): | 72.37 | |
| TEMA (21): | 1.2657 | |
| Williams %R (14): | -19.74 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | 0.1167 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0010 | |
| Courbe Coppock: | 0.38 |
| MA7: | 1.2708 | |
| MA20: | 1.2867 | |
| MA50: | 1.3048 | |
| MA100: | 1.2995 | |
| MAexp7: | 1.2658 | |
| MAexp20: | 1.2657 | |
| MAexp50: | 1.2658 | |
| MAexp100: | 1.2681 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | -1.48% | |
| Price / MA50: | -2.85% | |
| Price / MA100: | -2.45% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | -0.04% |
Quotes :
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Real time data
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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:
-
GBP/USD Forecast November 19, 2024
-
GBP/USD Forecast November 18, 2024
-
GBP/USD Forecast November 8, 2024
-
GBP/USD Forecast November 5, 2024
-
GBP/USD Forecast November 4, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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