GBP/USD - 1H - Technical analysis published on 12/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 1.2681 USD
My targets
1.2608 USD (-0.0015)
1.2529 USD (-0.0094)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/USD. As long as you are under the resistance located at 1.2681 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.2608 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.2529 USD as an objective. Crossing it would then enable sellers to target 1.2343 USD. If the resistance 1.2681 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.2
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Additional analysis
Quotes
The GBP/USD rating is 1.2623 USD. The price registered an increase of +0.45% on the session and was between 1.2567 USD and 1.2626 USD. This implies that the price is at +0.45% from its lowest and at -0.02% from its highest.1.2567
1.2626
1.2623
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.2529 | 1.2608 | 1.2623 | 1.2681 | 1.2729 | 1.2782 |
| Change (%) | -2.22% | -0.74% | -0.12% | - | +0.46% | +0.84% | +1.26% |
| Change | -0.0280 | -0.0094 | -0.0015 | - | +0.0058 | +0.0106 | +0.0159 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Intermediate |
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 | 1.2342 | 1.2451 | 1.2509 | 1.2618 | 1.2676 | 1.2785 | 1.2843 |
| Camarilla | 1.2521 | 1.2536 | 1.2552 | 1.2567 | 1.2582 | 1.2598 | 1.2613 |
| Woodie | 1.2317 | 1.2438 | 1.2484 | 1.2605 | 1.2651 | 1.2772 | 1.2818 |
| Fibonacci | 1.2451 | 1.2515 | 1.2554 | 1.2618 | 1.2682 | 1.2721 | 1.2785 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2361 | 1.2484 | 1.2552 | 1.2675 | 1.2743 | 1.2866 | 1.2934 |
| Camarilla | 1.2567 | 1.2584 | 1.2602 | 1.2619 | 1.2637 | 1.2654 | 1.2672 |
| Woodie | 1.2333 | 1.2470 | 1.2524 | 1.2661 | 1.2715 | 1.2852 | 1.2906 |
| Fibonacci | 1.2484 | 1.2557 | 1.2602 | 1.2675 | 1.2748 | 1.2793 | 1.2866 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1903 | 1.2195 | 1.2464 | 1.2756 | 1.3025 | 1.3317 | 1.3586 |
| Camarilla | 1.2579 | 1.2630 | 1.2682 | 1.2733 | 1.2784 | 1.2836 | 1.2887 |
| Woodie | 1.1892 | 1.2189 | 1.2453 | 1.2750 | 1.3014 | 1.3311 | 1.3575 |
| Fibonacci | 1.2195 | 1.2409 | 1.2542 | 1.2756 | 1.2970 | 1.3103 | 1.3317 |
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): | 46.45 | |
| MACD (12,26,9): | -0.0023 | |
| Directional Movement: | -4.5716 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.2589 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2560 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 1.2645 | |
| Zig ZAG (10): | 1.2621 | |
| VORTEX (21): | 0.7908 | |
| Stochastique (14,3,5): | 32.92 | |
| TEMA (21): | 1.2581 | |
| Williams %R (14): | -58.82 | |
| Chande Momentum Oscillator (20): | 0.0049 | |
| Repulse (5,40,3): | 0.3316 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0315 | |
| Courbe Coppock: | 1.14 |
| MA7: | 1.2665 | |
| MA20: | 1.2673 | |
| MA50: | 1.2805 | |
| MA100: | 1.2950 | |
| MAexp7: | 1.2604 | |
| MAexp20: | 1.2619 | |
| MAexp50: | 1.2650 | |
| MAexp100: | 1.2668 | |
| Price / MA7: | -0.33% | |
| Price / MA20: | -0.39% | |
| Price / MA50: | -1.42% | |
| Price / MA100: | -2.53% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.36% |
Quotes :
-
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:
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GBP/USD Forecast December 16, 2024
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GBP/USD Analysis - Pound Still Holds Its Own Against USD (December 13, 2024)
-
GBP/USD Forecast December 6, 2024
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GBP/USD Forecast December 2, 2024
-
GBP/USD Forecast November 28, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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