GBP/USD - 1H - Technical analysis published on 01/28/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 1.3659 USD
My targets
1.3609 USD (-0.0036)
1.3584 USD (-0.0061)
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 1.3659 USD. The next support located at 1.3609 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 1.3584 USD. Below this support, sellers could then target 1.3520 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.6
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This analysis was given by m_showlag. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.3645 USD. The price registered a decrease of -0.19% on the session and was traded between 1.3630 USD and 1.3683 USD over the period. The price is currently at +0.11% from its lowest and -0.28% from its highest.1.3630
1.3683
1.3645
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
In fact, 14 technical indicators on 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
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.3609 | 1.3645 | 1.3659 | 1.3682 | 1.3703 |
| Change (%) | -0.92% | -0.45% | -0.26% | - | +0.10% | +0.27% | +0.43% |
| Change | -0.0125 | -0.0061 | -0.0036 | - | +0.0014 | +0.0037 | +0.0058 |
| Level | Minor | Minor | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3534 | 1.3596 | 1.3634 | 1.3696 | 1.3734 | 1.3796 | 1.3834 |
| Camarilla | 1.3644 | 1.3653 | 1.3662 | 1.3671 | 1.3680 | 1.3689 | 1.3699 |
| Woodie | 1.3521 | 1.3590 | 1.3621 | 1.3690 | 1.3721 | 1.3790 | 1.3821 |
| Fibonacci | 1.3596 | 1.3635 | 1.3658 | 1.3696 | 1.3735 | 1.3758 | 1.3796 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3329 | 1.3425 | 1.3555 | 1.3651 | 1.3781 | 1.3877 | 1.4007 |
| Camarilla | 1.3624 | 1.3645 | 1.3665 | 1.3686 | 1.3707 | 1.3727 | 1.3748 |
| Woodie | 1.3347 | 1.3434 | 1.3573 | 1.3660 | 1.3799 | 1.3886 | 1.4025 |
| Fibonacci | 1.3425 | 1.3511 | 1.3564 | 1.3651 | 1.3737 | 1.3790 | 1.3877 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 32.74 | |
| MACD (12,26,9): | -0.0016 | |
| Directional Movement: | -16.4469 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.3657 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3700 | |
| Elder Ray (13): | -0.0025 | |
| Super Trend (3,10): | 1.3712 | |
| Zig ZAG (10): | 1.3638 | |
| VORTEX (21): | 0.8781 | |
| Stochastique (14,3,5): | 14.69 | |
| TEMA (21): | 1.3647 | |
| Williams %R (14): | -73.13 | |
| Chande Momentum Oscillator (20): | -0.0039 | |
| Repulse (5,40,3): | -0.1350 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0132 | |
| Courbe Coppock: | 0.55 |
| MA7: | 1.3688 | |
| MA20: | 1.3638 | |
| MA50: | 1.3496 | |
| MA100: | 1.3237 | |
| MAexp7: | 1.3659 | |
| MAexp20: | 1.3675 | |
| MAexp50: | 1.3689 | |
| MAexp100: | 1.3688 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | +1.10% | |
| Price / MA100: | +3.08% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | -0.31% |
Quotes :
2021-01-28 10:11:59
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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 28, 2021 By FX Empire
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GBP/USD Technical Analysis for January 27, 2021 by FXEmpire
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GBP/USD Technical Analysis For January 26, 2021 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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