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 10/22/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 1.3820 USD
My targets
1.3690 USD (-0.0091)
1.3667 USD (-0.0114)
My analysis
GBP/USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 1.3820 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 1.3690 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 1.3667 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 1.3625 USD. Beware of a possible return to above the resistance located at 1.3820 USD which would be a sign of a correction of the short-term bearish excesses registered.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.5

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.

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

GBP/USD rating 1.3781 USD. On the day, this instrument lost -0.08% and was between 1.3781 USD and 1.3810 USD. This implies that the price is at 0% from its lowest and at -0.21% from its highest.

1.3781
1.3810
1.3781

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/USD:
The Central Records scanner for higher/lower results shows an item:

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 slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

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 1.3667 1.3690 1.3774 1.3781 1.3820 1.3964 1.4046
Change (%) -0.83% -0.66% -0.05% - +0.28% +1.33% +1.92%
Change -0.0114 -0.0091 -0.0007 - +0.0039 +0.0183 +0.0265
Level Minor Intermediate Major - Major Intermediate 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
Standard1.37091.37431.37671.38011.38251.38591.3883
Camarilla1.37761.37811.37871.37921.37971.38031.3808
Woodie1.37051.37411.37631.37991.38211.38571.3879
Fibonacci1.37431.37651.37791.38011.38231.38371.3859


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.34161.34931.36201.36971.38241.39011.4028
Camarilla1.36921.37111.37291.37481.37671.37851.3804
Woodie1.34421.35061.36461.37101.38501.39141.4054
Fibonacci1.34931.35711.36191.36971.37751.38231.3901


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.27821.30971.32831.35981.37841.40991.4285
Camarilla1.33311.33771.34231.34691.35151.35611.3607
Woodie1.27181.30651.32191.35661.37201.40671.4221
Fibonacci1.30971.32881.34071.35981.37891.39081.4099

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): 42.66
MACD (12,26,9): -0.0004
Directional Movement: -4.6947
AROON (14): 50.0000
DEMA (21): 1.3792
Parabolic SAR (0,02-0,02-0,2): 1.3805
Elder Ray (13): -0.0004
Super Trend (3,10): 1.3827
Zig ZAG (10): 1.3785
VORTEX (21): 0.9825
Stochastique (14,3,5): 42.61
TEMA (21): 1.3788
Williams %R (14): -82.35
Chande Momentum Oscillator (20): 0.0011
Repulse (5,40,3): 0.0361
ROCnROLL: 2
TRIX (15,9): -0.0042
Courbe Coppock: 0.07
MA7: 1.3764
MA20: 1.3646
MA50: 1.3712
MA100: 1.3800
MAexp7: 1.3795
MAexp20: 1.3797
MAexp50: 1.3798
MAexp100: 1.3780
Price / MA7: +0.12%
Price / MA20: +0.99%
Price / MA50: +0.50%
Price / MA100: -0.14%
Price / MAexp7: -0.09%
Price / MAexp20: -0.11%
Price / MAexp50: -0.12%
Price / MAexp100: +0.01%

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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