GBP/USD

- USD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPUSD
ISIN:

GBP/USD - 1H - Technical analysis published on 04/22/2024 (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

11%

78%

11%

My opinion

Bearish under 1.2324 USD

My targets

1.2249 USD (-0.0063)

1.2191 USD (-0.0121)

My analysis

GBP/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.2324 USD. The next support located at 1.2249 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.2191 USD. Below this support, sellers could then target 1.2044 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

8.2

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

Additional analysis

Quotes

The GBP/USD price is 1.2312 USD. The price registered a decrease of -0.47% on the session with the lowest point at 1.2307 USD and the highest point at 1.2392 USD. The deviation from the price is +0.04% for the low point and -0.65% for the high point.

1.2307

1.2392

1.2312

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

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 strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.0726	1.2044	1.2249	1.2312	1.2315	1.2418	1.2483
Change (%)	-12.88%	-2.18%	-0.51%	-	+0.02%	+0.86%	+1.39%
Change	-0.1586	-0.0268	-0.0063	-	+0.0003	+0.0106	+0.0171
Level	Intermediate	Major	Minor	-	Minor	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2233	1.2299	1.2335	1.2401	1.2437	1.2503	1.2539
Camarilla	1.2342	1.2351	1.2361	1.2370	1.2379	1.2389	1.2398
Woodie	1.2217	1.2292	1.2319	1.2394	1.2421	1.2496	1.2523
Fibonacci	1.2299	1.2338	1.2362	1.2401	1.2440	1.2464	1.2503

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2191	1.2279	1.2324	1.2412	1.2457	1.2545	1.2590
Camarilla	1.2333	1.2346	1.2358	1.2370	1.2382	1.2394	1.2407
Woodie	1.2171	1.2268	1.2304	1.2401	1.2437	1.2534	1.2570
Fibonacci	1.2279	1.2330	1.2361	1.2412	1.2463	1.2494	1.2545

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2176	1.2376	1.2495	1.2695	1.2814	1.3014	1.3133
Camarilla	1.2527	1.2557	1.2586	1.2615	1.2644	1.2674	1.2703
Woodie	1.2137	1.2356	1.2456	1.2675	1.2775	1.2994	1.3094
Fibonacci	1.2376	1.2498	1.2573	1.2695	1.2817	1.2892	1.3014

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):	22.05
MACD (12,26,9):	-0.0024
Directional Movement:	-28.8297
AROON (14):	-64.2857
DEMA (21):	1.2331
Parabolic SAR (0,02-0,02-0,2):	1.2355
Elder Ray (13):	-0.0036
Super Trend (3,10):	1.2358
Zig ZAG (10):	1.2310
VORTEX (21):	0.7526
Stochastique (14,3,5):	4.02
TEMA (21):	1.2320
Williams %R (14):	-98.80
Chande Momentum Oscillator (20):	-0.0078
Repulse (5,40,3):	-0.2470
ROCnROLL:	2
TRIX (15,9):	-0.0212
Courbe Coppock:	0.68

MA7:	1.2412
MA20:	1.2542
MA50:	1.2630
MA100:	1.2652
MAexp7:	1.2330
MAexp20:	1.2360
MAexp50:	1.2392
MAexp100:	1.2422
Price / MA7:	-0.81%
Price / MA20:	-1.83%
Price / MA50:	-2.52%
Price / MA100:	-2.69%
Price / MAexp7:	-0.15%
Price / MAexp20:	-0.39%
Price / MAexp50:	-0.65%
Price / MAexp100:	-0.89%

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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