GBP/USD - 1H - Technical analysis published on 02/12/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
17%
50%
33%
My opinion
Bearish under 1.3828 USD
My targets
1.3740 USD (-0.0073)
1.3679 USD (-0.0134)
My analysis
The strong short-term decrease of GBP/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1.3828 USD, a sale could be considered. The first bearish objective is located at 1.3740 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 1.3679 USD. If there is any crossing, the next objective would be support 1.3652 USD. Caution, if there is a return to above 1.3828 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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
2.5
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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 price is 1.3813 USD. The price has increased by +0.01% since the last closing with the lowest point at 1.3808 USD and the highest point at 1.3814 USD. The deviation from the price is +0.04% for the low point and -0.01% for the high point.1.3808
1.3814
1.3813
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 not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 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 a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.3679 | 1.3740 | 1.3800 | 1.3813 | 1.3828 | 1.3866 | 1.4340 |
Change (%) | -0.97% | -0.53% | -0.09% | - | +0.11% | +0.38% | +3.82% |
Change | -0.0134 | -0.0073 | -0.0013 | - | +0.0015 | +0.0053 | +0.0527 |
Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Major |
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 | 1.3730 | 1.3766 | 1.3788 | 1.3824 | 1.3846 | 1.3882 | 1.3904 |
Camarilla | 1.3795 | 1.3800 | 1.3806 | 1.3811 | 1.3816 | 1.3822 | 1.3827 |
Woodie | 1.3724 | 1.3763 | 1.3782 | 1.3821 | 1.3840 | 1.3879 | 1.3898 |
Fibonacci | 1.3766 | 1.3788 | 1.3802 | 1.3824 | 1.3846 | 1.3860 | 1.3882 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.3424 | 1.3495 | 1.3616 | 1.3687 | 1.3808 | 1.3879 | 1.4000 |
Camarilla | 1.3684 | 1.3702 | 1.3719 | 1.3737 | 1.3755 | 1.3772 | 1.3790 |
Woodie | 1.3449 | 1.3508 | 1.3641 | 1.3700 | 1.3833 | 1.3892 | 1.4025 |
Fibonacci | 1.3495 | 1.3568 | 1.3614 | 1.3687 | 1.3760 | 1.3806 | 1.3879 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.3209 | 1.3330 | 1.3517 | 1.3638 | 1.3825 | 1.3946 | 1.4133 |
Camarilla | 1.3619 | 1.3648 | 1.3676 | 1.3704 | 1.3732 | 1.3761 | 1.3789 |
Woodie | 1.3242 | 1.3347 | 1.3550 | 1.3655 | 1.3858 | 1.3963 | 1.4166 |
Fibonacci | 1.3330 | 1.3448 | 1.3520 | 1.3638 | 1.3756 | 1.3828 | 1.3946 |
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): | 43.79 | |
MACD (12,26,9): | -0.0005 | |
Directional Movement: | -6.5619 | |
AROON (14): | -28.5714 | |
DEMA (21): | 1.3814 | |
Parabolic SAR (0,02-0,02-0,2): | 1.3828 | |
Elder Ray (13): | -0.0006 | |
Super Trend (3,10): | 1.3850 | |
Zig ZAG (10): | 1.3813 | |
VORTEX (21): | 0.9335 | |
Stochastique (14,3,5): | 30.30 | |
TEMA (21): | 1.3808 | |
Williams %R (14): | -77.27 | |
Chande Momentum Oscillator (20): | -0.0016 | |
Repulse (5,40,3): | -0.0125 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0042 | |
Courbe Coppock: | 0.31 |
MA7: | 1.3774 | |
MA20: | 1.3712 | |
MA50: | 1.3587 | |
MA100: | 1.3334 | |
MAexp7: | 1.3814 | |
MAexp20: | 1.3820 | |
MAexp50: | 1.3817 | |
MAexp100: | 1.3792 | |
Price / MA7: | +0.28% | |
Price / MA20: | +0.74% | |
Price / MA50: | +1.66% | |
Price / MA100: | +3.59% | |
Price / MAexp7: | -0.01% | |
Price / MAexp20: | -0.05% | |
Price / MAexp50: | -0.03% | |
Price / MAexp100: | +0.15% |
Quotes :
2021-02-12 00:15:21
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Real time data
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Forex
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
- GBP/USD Technical Analysis for February 12, 2021 by FXEmpire
- GBP/USD Technical Analysis For February 11, 2021 By FX Empire
- GBP/USD Technical Analysis for February 11, 2021 by FXEmpire
- GBP/USD Technical Analysis For February 10, 2021 By FX Empire
- GBP/USD Technical Analysis for February 10, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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