GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPUSD
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GBP/USD - 1H - Technical analysis published on 06/03/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.4183 USD
My targets
1.4112 USD (-0.0046)
1.4091 USD (-0.0067)
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 1.4183 USD. Crossing the first support at 1.4112 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.4091 USD as an objective. Crossing it would then enable sellers to target 1.3800 USD. Caution, a return to above the resistance located at 1.4183 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, 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
6.8

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/USD price is 1.4158 USD. The price is lower by -0.09% since the last closing with the lowest point at 1.4144 USD and the highest point at 1.4179 USD. The deviation from the price is +0.10% for the low point and -0.15% for the high point.

1.4144
1.4179
1.4158

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is strongly bearish. 85.71% 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. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

MACD crosses DOWN its Moving Average

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



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 support 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


S3S2S1PriceR1R2R3
ProTrendLines 1.4091 1.4112 1.4145 1.4158 1.4164 1.4183 1.4200
Change (%) -0.47% -0.32% -0.09% - +0.04% +0.18% +0.30%
Change -0.0067 -0.0046 -0.0013 - +0.0006 +0.0025 +0.0042
Level Minor Intermediate Major - Minor Intermediate Minor



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
Standard1.40571.40841.41281.41551.41991.42261.4270
Camarilla1.41521.41581.41651.41711.41781.41841.4191
Woodie1.40651.40881.41361.41591.42071.42301.4278
Fibonacci1.40841.41121.41281.41551.41831.41991.4226


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.39841.40381.41121.41661.42401.42941.4368
Camarilla1.41521.41641.41751.41871.41991.42111.4222
Woodie1.39951.40431.41231.41711.42511.42991.4379
Fibonacci1.40381.40871.41171.41661.42151.42451.4294


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.35081.36541.39411.40871.43741.45201.4807
Camarilla1.41081.41481.41871.42271.42671.43061.4346
Woodie1.35781.36891.40111.41221.44441.45551.4877
Fibonacci1.36541.38201.39221.40871.42531.43551.4520

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): 41.24
MACD (12,26,9): -0.0001
Directional Movement: -11.3333
AROON (14): -85.7143
DEMA (21): 1.4164
Parabolic SAR (0,02-0,02-0,2): 1.4182
Elder Ray (13): -0.0014
Super Trend (3,10): 1.4137
Zig ZAG (10): 1.4158
VORTEX (21): 1.0512
Stochastique (14,3,5): 18.92
TEMA (21): 1.4167
Williams %R (14): -61.11
Chande Momentum Oscillator (20): -0.0008
Repulse (5,40,3): -0.1193
ROCnROLL: 2
TRIX (15,9): 0.0011
Courbe Coppock: 0.03
MA7: 1.4173
MA20: 1.4138
MA50: 1.3961
MA100: 1.3895
MAexp7: 1.4161
MAexp20: 1.4164
MAexp50: 1.4168
MAexp100: 1.4171
Price / MA7: -0.11%
Price / MA20: +0.14%
Price / MA50: +1.41%
Price / MA100: +1.89%
Price / MAexp7: -0.02%
Price / MAexp20: -0.04%
Price / MAexp50: -0.07%
Price / MAexp100: -0.09%

Quotes : - Real time data - Forex

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

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