GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
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Change: -
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Type: Forex
Ticker: GBPUSD
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GBP/USD - 1H - Technical analysis published on 04/21/2021 (GMT)

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  • Timeframe : 1H
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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

This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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:

Central Indicators

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1.38231.38751.39061.39581.39891.40411.4072
Camarilla1.39151.39231.39301.39381.39461.39531.3961
Woodie1.38141.38701.38971.39531.39801.40361.4063
Fibonacci1.38751.39061.39261.39581.39891.40091.4041


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.35501.36101.37271.37871.39041.39641.4081
Camarilla1.37961.38131.38291.38451.38611.38781.3894
Woodie1.35801.36241.37571.38011.39341.39781.4111
Fibonacci1.36101.36771.37191.37871.38541.38961.3964


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.32851.34771.36321.38241.39791.41711.4326
Camarilla1.36911.37221.37541.37861.38181.38501.3881
Woodie1.32661.34681.36131.38151.39601.41621.4307
Fibonacci1.34771.36101.36921.38241.39571.40391.4171

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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