GBP/USD - 1H - Technical analysis published on 03/08/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1.3920 USD
My targets
1.3800 USD (-0.0020)
1.3654 USD (-0.0166)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/USD as long as the price remains well below 1.3920 USD. The sellers” bearish objective is set at 1.3800 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3654 USD. In case of crossing, the next objective would be the support located at 1.3473 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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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 1.3820 USD. The price is lower by -0.17% since the last closing with the lowest point at 1.3800 USD and the highest point at 1.3866 USD. The deviation from the price is +0.14% for the low point and -0.33% for the high point.1.3800
1.3866
1.3820
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD:
Technical
Technical analysis of GBP/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.3473 | 1.3654 | 1.3800 | 1.3820 | 1.3920 | 1.4002 | 1.4082 |
| Change (%) | -2.51% | -1.20% | -0.14% | - | +0.72% | +1.32% | +1.90% |
| Change | -0.0347 | -0.0166 | -0.0020 | - | +0.0100 | +0.0182 | +0.0262 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3651 | 1.3715 | 1.3779 | 1.3843 | 1.3907 | 1.3971 | 1.4035 |
| Camarilla | 1.3808 | 1.3820 | 1.3831 | 1.3843 | 1.3855 | 1.3867 | 1.3878 |
| Woodie | 1.3651 | 1.3715 | 1.3779 | 1.3843 | 1.3907 | 1.3971 | 1.4035 |
| Fibonacci | 1.3715 | 1.3764 | 1.3794 | 1.3843 | 1.3892 | 1.3922 | 1.3971 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3504 | 1.3642 | 1.3742 | 1.3880 | 1.3980 | 1.4118 | 1.4218 |
| Camarilla | 1.3778 | 1.3799 | 1.3821 | 1.3843 | 1.3865 | 1.3887 | 1.3909 |
| Woodie | 1.3486 | 1.3633 | 1.3724 | 1.3871 | 1.3962 | 1.4109 | 1.4200 |
| Fibonacci | 1.3642 | 1.3733 | 1.3789 | 1.3880 | 1.3971 | 1.4027 | 1.4118 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2902 | 1.3234 | 1.3578 | 1.3910 | 1.4254 | 1.4586 | 1.4930 |
| Camarilla | 1.3736 | 1.3798 | 1.3860 | 1.3922 | 1.3984 | 1.4046 | 1.4108 |
| Woodie | 1.2908 | 1.3237 | 1.3584 | 1.3913 | 1.4260 | 1.4589 | 1.4936 |
| Fibonacci | 1.3234 | 1.3492 | 1.3652 | 1.3910 | 1.4168 | 1.4328 | 1.4586 |
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): | 45.87 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -0.5850 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.3820 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3852 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.3884 | |
| Zig ZAG (10): | 1.3818 | |
| VORTEX (21): | 0.9441 | |
| Stochastique (14,3,5): | 30.28 | |
| TEMA (21): | 1.3826 | |
| Williams %R (14): | -70.37 | |
| Chande Momentum Oscillator (20): | -0.0025 | |
| Repulse (5,40,3): | -0.0610 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0056 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.3898 | |
| MA20: | 1.3929 | |
| MA50: | 1.3757 | |
| MA100: | 1.3500 | |
| MAexp7: | 1.3825 | |
| MAexp20: | 1.3829 | |
| MAexp50: | 1.3848 | |
| MAexp100: | 1.3881 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | -0.78% | |
| Price / MA50: | +0.46% | |
| Price / MA100: | +2.37% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.44% |
Quotes :
2021-03-08 22:46:15
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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:
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GBP/USD Technical Analysis for March 9, 2021 by FXEmpire
-
GBP/USD Daily Forecast - British Pound Is Flat Against U.S. Dollar At The Start Of The Week
-
GBP/USD Technical Analysis for the Week of March 8, 2021 by FXEmpire
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GBP/USD Technical Analysis for March 8, 2021 by FXEmpire
-
GBP/USD Daily Forecast - U.S. Dollar Stays Strong Ahead Of The Weekend
This member declared not having a position on this financial instrument or a related financial instrument.
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