GBP/USD - 1H - Technical analysis published on 01/22/2021
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- Timeframe : 1H
- - Analysis generated on 2021-01-22 11:16:42
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.3682 USD
My targets
1.3623 USD (-0.0045)
1.3584 USD (-0.0084)
My analysis
GBP/USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 1.3682 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 1.3623 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 1.3584 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 1.3520 USD. Beware of a possible return to above the resistance located at 1.3682 USD which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.9
This analysis was given by m_showlag. Take part yourself by sharing additional analysis on another time unit:
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Additional analysis
Quotes
The GBP/USD rating is 1.3668 USD. The price registered a decrease of -0.44% on the session and was between 1.3651 USD and 1.3736 USD. This implies that the price is at +0.12% from its lowest and at -0.50% from its highest.1.3651
1.3736
1.3668
Here is a more detailed summary of the historical variations registered by GBP/USD:
Technical
Technical analysis of GBP/USD in 1H shows an overall slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.3520 | 1.3584 | 1.3623 | 1.3668 | 1.3682 | 1.3701 | 1.3746 |
| Change (%) | -1.08% | -0.61% | -0.33% | - | +0.10% | +0.24% | +0.57% |
| Change | -0.0148 | -0.0084 | -0.0045 | - | +0.0014 | +0.0033 | +0.0078 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3590 | 1.3624 | 1.3677 | 1.3711 | 1.3764 | 1.3798 | 1.3851 |
| Camarilla | 1.3705 | 1.3713 | 1.3721 | 1.3729 | 1.3737 | 1.3745 | 1.3753 |
| Woodie | 1.3599 | 1.3629 | 1.3686 | 1.3716 | 1.3773 | 1.3803 | 1.3860 |
| Fibonacci | 1.3624 | 1.3658 | 1.3678 | 1.3711 | 1.3745 | 1.3765 | 1.3798 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3193 | 1.3322 | 1.3453 | 1.3582 | 1.3713 | 1.3842 | 1.3973 |
| Camarilla | 1.3513 | 1.3536 | 1.3560 | 1.3584 | 1.3608 | 1.3632 | 1.3656 |
| Woodie | 1.3194 | 1.3323 | 1.3454 | 1.3583 | 1.3714 | 1.3843 | 1.3974 |
| Fibonacci | 1.3322 | 1.3421 | 1.3483 | 1.3582 | 1.3681 | 1.3743 | 1.3842 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2759 | 1.2947 | 1.3311 | 1.3499 | 1.3863 | 1.4051 | 1.4415 |
| Camarilla | 1.3524 | 1.3575 | 1.3625 | 1.3676 | 1.3727 | 1.3777 | 1.3828 |
| Woodie | 1.2848 | 1.2991 | 1.3400 | 1.3543 | 1.3952 | 1.4095 | 1.4504 |
| Fibonacci | 1.2947 | 1.3158 | 1.3288 | 1.3499 | 1.3710 | 1.3840 | 1.4051 |
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): | 38.59 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -14.8642 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.3691 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3711 | |
| Elder Ray (13): | -0.0026 | |
| Super Trend (3,10): | 1.3723 | |
| Zig ZAG (10): | 1.3663 | |
| VORTEX (21): | 0.8514 | |
| Stochastique (14,3,5): | 25.59 | |
| TEMA (21): | 1.3680 | |
| Williams %R (14): | -86.21 | |
| Chande Momentum Oscillator (20): | -0.0070 | |
| Repulse (5,40,3): | -0.1098 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.57 |
| MA7: | 1.3649 | |
| MA20: | 1.3609 | |
| MA50: | 1.3457 | |
| MA100: | 1.3216 | |
| MAexp7: | 1.3682 | |
| MAexp20: | 1.3696 | |
| MAexp50: | 1.3689 | |
| MAexp100: | 1.3668 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | +1.57% | |
| Price / MA100: | +3.42% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0% |
Quotes :
2021-01-22 11:16:41
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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:
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GBP/USD Technical Analysis For January 22, 2021 By FX Empire
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GBP/USD Technical Analysis for January 22, 2021 by FXEmpire
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GBP/USD Technical Analysis For January 21, 2021 By FX Empire
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GBP/USD Price Forecast - British Pound continues to Bang Against Ceiling.
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GBP/USD Technical Analysis For January 20, 2021 By FX Empire
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