GBP/USD - 1H - Technical analysis published on 06/29/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 1.3889 USD
My targets
1.3829 USD (-0.0036)
1.3800 USD (-0.0065)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/USD as long as the price remains well below 1.3889 USD. The sellers' bearish objective is set at 1.3829 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3800 USD. In case of crossing, the next objective would be the support located at 1.3473 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.3865 USD. On the day, this instrument lost -0.10% and was between 1.3859 USD and 1.3881 USD. This implies that the price is at +0.04% from its lowest and at -0.12% from its highest.1.3859
1.3881
1.3865
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 a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being 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, 5 are bullish, 5 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3473 | 1.3800 | 1.3829 | 1.3865 | 1.3871 | 1.3889 | 1.3939 |
| Change (%) | -2.83% | -0.47% | -0.26% | - | +0.04% | +0.17% | +0.53% |
| Change | -0.0392 | -0.0065 | -0.0036 | - | +0.0006 | +0.0024 | +0.0074 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Major |
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 | 1.3784 | 1.3828 | 1.3853 | 1.3897 | 1.3922 | 1.3966 | 1.3991 |
| Camarilla | 1.3860 | 1.3866 | 1.3873 | 1.3879 | 1.3885 | 1.3892 | 1.3898 |
| Woodie | 1.3776 | 1.3823 | 1.3845 | 1.3892 | 1.3914 | 1.3961 | 1.3983 |
| Fibonacci | 1.3828 | 1.3854 | 1.3870 | 1.3897 | 1.3923 | 1.3939 | 1.3966 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3564 | 1.3675 | 1.3779 | 1.3890 | 1.3994 | 1.4105 | 1.4209 |
| Camarilla | 1.3824 | 1.3844 | 1.3863 | 1.3883 | 1.3903 | 1.3922 | 1.3942 |
| Woodie | 1.3561 | 1.3673 | 1.3776 | 1.3888 | 1.3991 | 1.4103 | 1.4206 |
| Fibonacci | 1.3675 | 1.3757 | 1.3808 | 1.3890 | 1.3972 | 1.4023 | 1.4105 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3508 | 1.3654 | 1.3941 | 1.4087 | 1.4374 | 1.4520 | 1.4807 |
| Camarilla | 1.4108 | 1.4148 | 1.4187 | 1.4227 | 1.4267 | 1.4306 | 1.4346 |
| Woodie | 1.3578 | 1.3689 | 1.4011 | 1.4122 | 1.4444 | 1.4555 | 1.4877 |
| Fibonacci | 1.3654 | 1.3820 | 1.3922 | 1.4087 | 1.4253 | 1.4355 | 1.4520 |
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): | 40.67 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -0.7596 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.3867 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3860 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.3905 | |
| Zig ZAG (10): | 1.3866 | |
| VORTEX (21): | 0.8667 | |
| Stochastique (14,3,5): | 29.93 | |
| TEMA (21): | 1.3865 | |
| Williams %R (14): | -65.52 | |
| Chande Momentum Oscillator (20): | -0.0010 | |
| Repulse (5,40,3): | 0.0344 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0081 | |
| Courbe Coppock: | 0.34 |
| MA7: | 1.3913 | |
| MA20: | 1.4023 | |
| MA50: | 1.4033 | |
| MA100: | 1.3953 | |
| MAexp7: | 1.3872 | |
| MAexp20: | 1.3878 | |
| MAexp50: | 1.3892 | |
| MAexp100: | 1.3906 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | -1.20% | |
| Price / MA100: | -0.63% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.29% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on GBP/USD. At the time of publication of this analysis, the latest news was as follows:
-
GBP/USD Technical Analysis for June 29, 2021 by FXEmpire
-
GBP/USD Technical Analysis for the Week of June 28, 2021 by FXEmpire
-
GBP/USD Technical Analysis for June 28, 2021 by FXEmpire
-
GBP/USD Technical Analysis for June 25, 2021 by FXEmpire
-
GBP/USD Technical Analysis for June 24, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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