GBP/USD FULL0624 - 1H - Technical analysis published on 04/13/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.3054 USD
My targets
1.2987 USD (-0.12%)
1.2875 USD (-0.98%)
My analysis
The bearish trend is currently very strong for GBP/USD FULL0622. As long as the price remains below the resistance at 1.3054 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.2987 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.2875 USD as an objective. Crossing it would then enable sellers to target 1.2717 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
0
10
7.1
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD FULL0622 rating is 1.3002 USD. On the day, this instrument gained +0.00% with the lowest point at 1.2996 USD and the highest point at 1.3002 USD. The deviation from the price is +0.05% for the low point and 0% for the high point.1.2996
1.3002
1.3002
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD FULL0622:
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 this 1H chart of GBP/USD FULL0622 indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2213 | 1.2717 | 1.2987 | 1.3002 | 1.3011 | 1.3054 | 1.3105 |
| Change (%) | -6.07% | -2.19% | -0.12% | - | +0.07% | +0.40% | +0.79% |
| Change | -0.0789 | -0.0285 | -0.0015 | - | +0.0009 | +0.0052 | +0.0103 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | 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 | 1.2916 | 1.2954 | 1.2976 | 1.3014 | 1.3036 | 1.3074 | 1.3096 |
| Camarilla | 1.2982 | 1.2987 | 1.2993 | 1.2998 | 1.3004 | 1.3009 | 1.3015 |
| Woodie | 1.2908 | 1.2950 | 1.2968 | 1.3010 | 1.3028 | 1.3070 | 1.3088 |
| Fibonacci | 1.2954 | 1.2977 | 1.2991 | 1.3014 | 1.3037 | 1.3051 | 1.3074 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2770 | 1.2875 | 1.2955 | 1.3060 | 1.3140 | 1.3245 | 1.3325 |
| Camarilla | 1.2985 | 1.3002 | 1.3019 | 1.3036 | 1.3053 | 1.3070 | 1.3087 |
| Woodie | 1.2759 | 1.2869 | 1.2944 | 1.3054 | 1.3129 | 1.3239 | 1.3314 |
| Fibonacci | 1.2875 | 1.2945 | 1.2989 | 1.3060 | 1.3130 | 1.3174 | 1.3245 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2515 | 1.2754 | 1.2929 | 1.3168 | 1.3343 | 1.3582 | 1.3757 |
| Camarilla | 1.2989 | 1.3027 | 1.3065 | 1.3103 | 1.3141 | 1.3179 | 1.3217 |
| Woodie | 1.2482 | 1.2738 | 1.2896 | 1.3152 | 1.3310 | 1.3566 | 1.3724 |
| Fibonacci | 1.2754 | 1.2913 | 1.3010 | 1.3168 | 1.3327 | 1.3424 | 1.3582 |
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): | 39.49 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -6.3282 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.3006 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3045 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.2989 | |
| Zig ZAG (10): | 1.2998 | |
| VORTEX (21): | 0.9770 | |
| Stochastique (14,3,5): | 10.56 | |
| TEMA (21): | 1.3003 | |
| Williams %R (14): | -90.00 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | -0.0748 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0035 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.3040 | |
| MA20: | 1.3112 | |
| MA50: | 1.3271 | |
| MA100: | 1.3344 | |
| MAexp7: | 1.3004 | |
| MAexp20: | 1.3013 | |
| MAexp50: | 1.3022 | |
| MAexp100: | 1.3038 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -2.03% | |
| Price / MA100: | -2.56% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.28% |
Quotes :
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10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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