GBP/USD - 1H - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
11%
50%
39%
My opinion
Bullish above 1.2483 USD
My targets
1.2525 USD (+0.0023)
1.2548 USD (+0.0046)
My analysis
The basic bullish trend is very strong on GBP/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.2483 USD. Crossing the first resistance at 1.2525 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.2548 USD as an objective. Crossing it would then enable buyers to target 1.2675 USD. Caution, a return to below 1.2483 USD would be a sign of a consolidation phase in the short-term basic trend. 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 in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.2502 USD. The price is lower by -0.04% since the last closing and was between 1.2494 USD and 1.2516 USD. This implies that the price is at +0.06% from its lowest and at -0.11% from its highest.1.2494
1.2516
1.2502
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/USD in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 1.2315 | 1.2418 | 1.2483 | 1.2502 | 1.2525 | 1.2548 | 1.2675 |
| Change (%) | -1.50% | -0.67% | -0.15% | - | +0.18% | +0.37% | +1.38% |
| Change | -0.0187 | -0.0084 | -0.0019 | - | +0.0023 | +0.0046 | +0.0173 |
| Level | Major | Major | Intermediate | - | Intermediate | 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 | 1.2393 | 1.2424 | 1.2465 | 1.2496 | 1.2537 | 1.2568 | 1.2609 |
| Camarilla | 1.2487 | 1.2494 | 1.2500 | 1.2507 | 1.2514 | 1.2520 | 1.2527 |
| Woodie | 1.2399 | 1.2427 | 1.2471 | 1.2499 | 1.2543 | 1.2571 | 1.2615 |
| Fibonacci | 1.2424 | 1.2451 | 1.2468 | 1.2496 | 1.2523 | 1.2540 | 1.2568 |
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): | 53.39 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 5.2562 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.2512 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2473 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.2529 | |
| Zig ZAG (10): | 1.2501 | |
| VORTEX (21): | 0.9769 | |
| Stochastique (14,3,5): | 43.35 | |
| TEMA (21): | 1.2506 | |
| Williams %R (14): | -78.57 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | -0.0828 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0106 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.2439 | |
| MA20: | 1.2516 | |
| MA50: | 1.2622 | |
| MA100: | 1.2647 | |
| MAexp7: | 1.2503 | |
| MAexp20: | 1.2501 | |
| MAexp50: | 1.2481 | |
| MAexp100: | 1.2458 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | -0.95% | |
| Price / MA100: | -1.15% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.35% |
Quotes :
-
Real time data
-
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 April 24 Forecast
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GBP/USD Forecast April 22, 2024
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Technical Analysis: 03/04/2024 - GBPUSD battles with 200-day SMA
-
Technical Analysis: 26/03/2024 - GBPUSD bounces off 200-day SMA
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Trade of the week: short GBP/USD
This member declared not having a position on this financial instrument or a related financial instrument.
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