GBP/USD - 1H - Technical analysis published on 04/06/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
28%
39%
33%
My opinion
Bearish under 1.3914 USD
My targets
1.3800 USD (-0.0050)
1.3756 USD (-0.0094)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GBP/USD as long as the price remains well below 1.3914 USD. The next bearish objective for sellers 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 1.3756 USD. In case of crossing, the next objective would be the support located at 1.3706 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1.3800 USD. With this support, against the trend traders who want to buy GBP/USD on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
0.7
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.3850 USD. The price is lower by -0.45% since the last closing and was traded between 1.3817 USD and 1.3919 USD over the period. The price is currently at +0.24% from its lowest and -0.50% from its highest.1.3817
1.3919
1.3850
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 this 1H chart of GBP/USD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
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 | 1.3706 | 1.3756 | 1.3800 | 1.3850 | 1.3853 | 1.3914 | 1.3987 |
| Change (%) | -1.04% | -0.68% | -0.36% | - | +0.02% | +0.46% | +0.99% |
| Change | -0.0144 | -0.0094 | -0.0050 | - | +0.0003 | +0.0064 | +0.0137 |
| Level | Minor | Minor | Major | - | Minor | 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 | 1.3742 | 1.3778 | 1.3845 | 1.3881 | 1.3948 | 1.3984 | 1.4051 |
| Camarilla | 1.3885 | 1.3894 | 1.3904 | 1.3913 | 1.3922 | 1.3932 | 1.3941 |
| Woodie | 1.3759 | 1.3786 | 1.3862 | 1.3889 | 1.3965 | 1.3992 | 1.4068 |
| Fibonacci | 1.3778 | 1.3817 | 1.3841 | 1.3881 | 1.3920 | 1.3944 | 1.3984 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3593 | 1.3649 | 1.3740 | 1.3796 | 1.3887 | 1.3943 | 1.4034 |
| Camarilla | 1.3790 | 1.3803 | 1.3817 | 1.3830 | 1.3844 | 1.3857 | 1.3870 |
| Woodie | 1.3610 | 1.3658 | 1.3757 | 1.3805 | 1.3904 | 1.3952 | 1.4051 |
| Fibonacci | 1.3649 | 1.3706 | 1.3740 | 1.3796 | 1.3853 | 1.3887 | 1.3943 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3285 | 1.3477 | 1.3632 | 1.3824 | 1.3979 | 1.4171 | 1.4326 |
| Camarilla | 1.3691 | 1.3722 | 1.3754 | 1.3786 | 1.3818 | 1.3850 | 1.3881 |
| Woodie | 1.3266 | 1.3468 | 1.3613 | 1.3815 | 1.3960 | 1.4162 | 1.4307 |
| Fibonacci | 1.3477 | 1.3610 | 1.3692 | 1.3824 | 1.3957 | 1.4039 | 1.4171 |
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): | 44.92 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -4.7415 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 1.3858 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3871 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.3885 | |
| Zig ZAG (10): | 1.3850 | |
| VORTEX (21): | 0.8647 | |
| Stochastique (14,3,5): | 34.31 | |
| TEMA (21): | 1.3842 | |
| Williams %R (14): | -65.69 | |
| Chande Momentum Oscillator (20): | -0.0043 | |
| Repulse (5,40,3): | 0.0189 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0026 | |
| Courbe Coppock: | 0.83 |
| MA7: | 1.3819 | |
| MA20: | 1.3848 | |
| MA50: | 1.3853 | |
| MA100: | 1.3666 | |
| MAexp7: | 1.3851 | |
| MAexp20: | 1.3865 | |
| MAexp50: | 1.3861 | |
| MAexp100: | 1.3840 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | -0.02% | |
| Price / MA100: | +1.35% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | +0.07% |
Quotes :
2021-04-06 15:58:45
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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 April 7, 2021 by FXEmpire
-
GBP/USD Daily Forecast - British Pound Stays Strong Against U.S. Dollar
-
GBP/USD Technical Analysis for April 6, 2021 by FXEmpire
-
GBP/USD Daily Forecast - U.S. Dollar Tries To Gain Ground At The Start Of The Week
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GBP/USD Technical Analysis for the Week of April 5, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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