GBP/USD - 1H - Technical analysis published on 05/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 1.2534 USD
My targets
1.2466 USD (-0.0018)
1.2418 USD (-0.0066)
My analysis
There is a bearish trend on GBP/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1.2534 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 1.2466 USD. Then the price could move towards 1.2418 USD. Then 1.2350 USD by extension. Be careful, a return to above the resistance 1.2534 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more 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
0
10
4.5
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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 price is 1.2484 USD. The price registered a decrease of -0.42% on the session and was traded between 1.2479 USD and 1.2545 USD over the period. The price is currently at +0.04% from its lowest and -0.49% from its highest.1.2479
1.2545
1.2484
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new HIGH record (1 year)
Type : Bullish
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
A technical analysis in 1H of this GBP/USD chart shows a bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2350 | 1.2418 | 1.2466 | 1.2484 | 1.2534 | 1.2570 | 1.2675 |
| Change (%) | -1.07% | -0.53% | -0.14% | - | +0.40% | +0.69% | +1.53% |
| Change | -0.0134 | -0.0066 | -0.0018 | - | +0.0050 | +0.0086 | +0.0191 |
| Level | Major | Major | Major | - | Intermediate | Intermediate | 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 | 1.2401 | 1.2433 | 1.2485 | 1.2517 | 1.2569 | 1.2601 | 1.2653 |
| Camarilla | 1.2513 | 1.2521 | 1.2528 | 1.2536 | 1.2544 | 1.2551 | 1.2559 |
| Woodie | 1.2410 | 1.2438 | 1.2494 | 1.2522 | 1.2578 | 1.2606 | 1.2662 |
| Fibonacci | 1.2433 | 1.2465 | 1.2485 | 1.2517 | 1.2549 | 1.2569 | 1.2601 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2106 | 1.2202 | 1.2348 | 1.2444 | 1.2590 | 1.2686 | 1.2832 |
| Camarilla | 1.2427 | 1.2449 | 1.2471 | 1.2493 | 1.2515 | 1.2537 | 1.2560 |
| Woodie | 1.2130 | 1.2215 | 1.2372 | 1.2457 | 1.2614 | 1.2699 | 1.2856 |
| Fibonacci | 1.2202 | 1.2295 | 1.2352 | 1.2444 | 1.2537 | 1.2594 | 1.2686 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1879 | 1.2089 | 1.2289 | 1.2499 | 1.2699 | 1.2909 | 1.3109 |
| Camarilla | 1.2376 | 1.2414 | 1.2451 | 1.2489 | 1.2527 | 1.2564 | 1.2602 |
| Woodie | 1.1874 | 1.2087 | 1.2284 | 1.2497 | 1.2694 | 1.2907 | 1.3104 |
| Fibonacci | 1.2089 | 1.2246 | 1.2342 | 1.2499 | 1.2656 | 1.2752 | 1.2909 |
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): | 39.55 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -4.0049 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.2519 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2541 | |
| Elder Ray (13): | -0.0014 | |
| Super Trend (3,10): | 1.2487 | |
| Zig ZAG (10): | 1.2493 | |
| VORTEX (21): | 1.0177 | |
| Stochastique (14,3,5): | 20.06 | |
| TEMA (21): | 1.2517 | |
| Williams %R (14): | -88.14 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | -0.2542 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0067 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.2505 | |
| MA20: | 1.2499 | |
| MA50: | 1.2613 | |
| MA100: | 1.2645 | |
| MAexp7: | 1.2512 | |
| MAexp20: | 1.2515 | |
| MAexp50: | 1.2513 | |
| MAexp100: | 1.2507 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | -1.02% | |
| Price / MA100: | -1.27% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.18% |
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 May 3, 2024
-
GBP/USD Forecast May 2, 2024
-
GBP/USD April 24 Forecast
-
GBP/USD Forecast April 22, 2024
-
Technical Analysis: 03/04/2024 - GBPUSD battles with 200-day SMA
This member declared not having a position on this financial instrument or a related financial instrument.
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