GBP/USD - 1H - Technical analysis published on 05/20/2021 (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:
Bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 1.4141 USD
My targets
1.4078 USD (-0.0038)
1.4050 USD (-0.0066)
My analysis
In the short term, we can see an acceleration in the bearish trend on GBP/USD, which is a positive signal for sellers. As long as the price remains above 1.4141 USD, a sale could be considered. The first bearish objective is located at 1.4078 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.4050 USD as an objective. Crossing it would then enable sellers to target 1.4005 USD. If the price were to return above 1.4141 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
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 rating is 1.4116 USD. The price has increased by +0.06% since the last closing and was traded between 1.4101 USD and 1.4142 USD over the period. The price is currently at +0.11% from its lowest and -0.18% from its highest.1.4101
1.4142
1.4116
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/USD in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4050 | 1.4078 | 1.4111 | 1.4116 | 1.4141 | 1.4181 | 1.4201 |
| Change (%) | -0.47% | -0.27% | -0.04% | - | +0.18% | +0.46% | +0.60% |
| Change | -0.0066 | -0.0038 | -0.0005 | - | +0.0025 | +0.0065 | +0.0085 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Intermediate |
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 | 1.3968 | 1.4034 | 1.4070 | 1.4136 | 1.4172 | 1.4238 | 1.4274 |
| Camarilla | 1.4079 | 1.4088 | 1.4098 | 1.4107 | 1.4116 | 1.4126 | 1.4135 |
| Woodie | 1.3954 | 1.4027 | 1.4056 | 1.4129 | 1.4158 | 1.4231 | 1.4260 |
| Fibonacci | 1.4034 | 1.4073 | 1.4097 | 1.4136 | 1.4175 | 1.4199 | 1.4238 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3812 | 1.3897 | 1.3998 | 1.4083 | 1.4184 | 1.4269 | 1.4370 |
| Camarilla | 1.4049 | 1.4066 | 1.4083 | 1.4100 | 1.4117 | 1.4134 | 1.4151 |
| Woodie | 1.3821 | 1.3901 | 1.4007 | 1.4087 | 1.4193 | 1.4273 | 1.4379 |
| Fibonacci | 1.3897 | 1.3968 | 1.4012 | 1.4083 | 1.4154 | 1.4198 | 1.4269 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.99 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -8.6123 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.4111 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4142 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.4166 | |
| Zig ZAG (10): | 1.4103 | |
| VORTEX (21): | 0.8984 | |
| Stochastique (14,3,5): | 35.81 | |
| TEMA (21): | 1.4105 | |
| Williams %R (14): | -82.93 | |
| Chande Momentum Oscillator (20): | -0.0007 | |
| Repulse (5,40,3): | -0.1019 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0153 | |
| Courbe Coppock: | 0.22 |
| MA7: | 1.4108 | |
| MA20: | 1.4001 | |
| MA50: | 1.3897 | |
| MA100: | 1.3839 | |
| MAexp7: | 1.4117 | |
| MAexp20: | 1.4127 | |
| MAexp50: | 1.4141 | |
| MAexp100: | 1.4132 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.82% | |
| Price / MA50: | +1.58% | |
| Price / MA100: | +2.00% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.11% |
Quotes :
-
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:
-
GBP/USD Daily Forecast - British Pound Tries To Rebound After Yesterday's Sell-Off
-
GBP/USD Technical Analysis for May 20, 2021 by FXEmpire
-
GBP/USD Daily Forecast - U.S. Dollar Remains Under Pressure Against British Pound
-
GBP/USD Technical Analysis for May 19, 2021 by FXEmpire
-
GBP/USD Daily Forecast - Test Of Resistance At 1.4180
This member declared not having a position on this financial instrument or a related financial instrument.
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