GBP/USD - 1H - Technical analysis published on 05/04/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1.3896 USD
My targets
1.3824 USD (-0.0038)
1.3800 USD (-0.0062)
My analysis
The bearish basic trend is very strong on GBP/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.3896 USD. Crossing the first support at 1.3824 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.3800 USD as an objective. Crossing it would then enable sellers to target 1.3685 USD. Caution, a return to above the resistance located at 1.3896 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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Additional analysis
Quotes
The GBP/USD rating is 1.3862 USD. The price registered a decrease of -0.30% on the session and was between 1.3851 USD and 1.3905 USD. This implies that the price is at +0.08% from its lowest and at -0.31% from its highest.1.3851
1.3905
1.3862
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/USD chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.3800 | 1.3824 | 1.3861 | 1.3862 | 1.3896 | 1.3932 | 1.3950 |
| Change (%) | -0.45% | -0.27% | -0.01% | - | +0.25% | +0.50% | +0.63% |
| Change | -0.0062 | -0.0038 | -0.0001 | - | +0.0034 | +0.0070 | +0.0088 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Minor |
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 | 1.3694 | 1.3748 | 1.3825 | 1.3879 | 1.3956 | 1.4010 | 1.4087 |
| Camarilla | 1.3867 | 1.3879 | 1.3891 | 1.3903 | 1.3915 | 1.3927 | 1.3939 |
| Woodie | 1.3707 | 1.3754 | 1.3838 | 1.3885 | 1.3969 | 1.4016 | 1.4100 |
| Fibonacci | 1.3748 | 1.3798 | 1.3829 | 1.3879 | 1.3929 | 1.3960 | 1.4010 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3579 | 1.3691 | 1.3754 | 1.3866 | 1.3929 | 1.4041 | 1.4104 |
| Camarilla | 1.3770 | 1.3786 | 1.3802 | 1.3818 | 1.3834 | 1.3850 | 1.3866 |
| Woodie | 1.3556 | 1.3679 | 1.3731 | 1.3854 | 1.3906 | 1.4029 | 1.4081 |
| Fibonacci | 1.3691 | 1.3758 | 1.3799 | 1.3866 | 1.3933 | 1.3974 | 1.4041 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3315 | 1.3492 | 1.3655 | 1.3832 | 1.3995 | 1.4172 | 1.4335 |
| Camarilla | 1.3725 | 1.3756 | 1.3787 | 1.3818 | 1.3849 | 1.3880 | 1.3912 |
| Woodie | 1.3308 | 1.3489 | 1.3648 | 1.3829 | 1.3988 | 1.4169 | 1.4328 |
| Fibonacci | 1.3492 | 1.3622 | 1.3702 | 1.3832 | 1.3962 | 1.4042 | 1.4172 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.05 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -7.6757 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.3888 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3892 | |
| Elder Ray (13): | -0.0014 | |
| Super Trend (3,10): | 1.3919 | |
| Zig ZAG (10): | 1.3863 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 26.11 | |
| TEMA (21): | 1.3887 | |
| Williams %R (14): | -82.81 | |
| Chande Momentum Oscillator (20): | -0.0045 | |
| Repulse (5,40,3): | -0.1753 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0083 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.3897 | |
| MA20: | 1.3848 | |
| MA50: | 1.3864 | |
| MA100: | 1.3769 | |
| MAexp7: | 1.3877 | |
| MAexp20: | 1.3883 | |
| MAexp50: | 1.3883 | |
| MAexp100: | 1.3890 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | +0.68% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.20% |
Quotes :
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Real time data
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Forex
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Daily Forecast - British Pound Pulls Back After Yesterday's Upside Move
-
GBP/USD Technical Analysis for May 4, 2021 by FXEmpire
-
GBP/USD Daily Forecast - British Pound Remains Under Pressure After Recent Sell-Off
-
GBP/USD Technical Analysis for the Week of May 3, 2021 by FXEmpire
-
GBP/USD Technical Analysis for May 3, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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