GBP/USD - 1H - Technical analysis published on 04/21/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
11%
83%
6%
My opinion
Bearish under 1.3926 USD
My targets
1.3846 USD (-0.0056)
1.3800 USD (-0.0102)
My analysis
The current short-term bearish trend is expected to quickly fix the basic 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 1.3926 USD. The sellers” bearish objective is set at 1.3846 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3800 USD. If there is any crossing, the next objective would be the support located at 1.3685 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
3.8
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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 price is 1.3902 USD. The price registered a decrease of -0.26% on the session and was traded between 1.3900 USD and 1.3950 USD over the period. The price is currently at +0.01% from its lowest and -0.34% from its highest.1.3900
1.3950
1.3902
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 GBP/USD in 1H shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently bearish. 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
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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
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 | 1.3685 | 1.3800 | 1.3846 | 1.3902 | 1.3926 | 1.4009 | 1.4146 |
| Change (%) | -1.56% | -0.73% | -0.40% | - | +0.17% | +0.77% | +1.76% |
| Change | -0.0217 | -0.0102 | -0.0056 | - | +0.0024 | +0.0107 | +0.0244 |
| Level | Major | Intermediate | Minor | - | Minor | 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 | 1.3823 | 1.3875 | 1.3906 | 1.3958 | 1.3989 | 1.4041 | 1.4072 |
| Camarilla | 1.3915 | 1.3923 | 1.3930 | 1.3938 | 1.3946 | 1.3953 | 1.3961 |
| Woodie | 1.3814 | 1.3870 | 1.3897 | 1.3953 | 1.3980 | 1.4036 | 1.4063 |
| Fibonacci | 1.3875 | 1.3906 | 1.3926 | 1.3958 | 1.3989 | 1.4009 | 1.4041 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3550 | 1.3610 | 1.3727 | 1.3787 | 1.3904 | 1.3964 | 1.4081 |
| Camarilla | 1.3796 | 1.3813 | 1.3829 | 1.3845 | 1.3861 | 1.3878 | 1.3894 |
| Woodie | 1.3580 | 1.3624 | 1.3757 | 1.3801 | 1.3934 | 1.3978 | 1.4111 |
| Fibonacci | 1.3610 | 1.3677 | 1.3719 | 1.3787 | 1.3854 | 1.3896 | 1.3964 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.18 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -13.7623 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.3921 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3946 | |
| Elder Ray (13): | -0.0020 | |
| Super Trend (3,10): | 1.3957 | |
| Zig ZAG (10): | 1.3905 | |
| VORTEX (21): | 0.8902 | |
| Stochastique (14,3,5): | 14.09 | |
| TEMA (21): | 1.3910 | |
| Williams %R (14): | -87.50 | |
| Chande Momentum Oscillator (20): | -0.0022 | |
| Repulse (5,40,3): | -0.1574 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0081 | |
| Courbe Coppock: | 0.15 |
| MA7: | 1.3858 | |
| MA20: | 1.3809 | |
| MA50: | 1.3874 | |
| MA100: | 1.3722 | |
| MAexp7: | 1.3926 | |
| MAexp20: | 1.3932 | |
| MAexp50: | 1.3929 | |
| MAexp100: | 1.3896 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | +0.20% | |
| Price / MA100: | +1.31% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | +0.04% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
-
GBP/USD Daily Forecast - Resistance At 1.4000 Remains A Major Obstacle On The Way Up
-
GBP/USD Technical Analysis for April 21, 2021 by FXEmpire
-
GBP/USD Daily Forecast - Test Of Major Resistance At 1.4000
-
GBP/USD Technical Analysis for April 20, 2021 by FXEmpire
-
GBP/USD Daily Forecast - British Pound Is Strong At The Start Of The Week
This member declared not having a position on this financial instrument or a related financial instrument.
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