GBP/USD - 1H - Technical analysis published on 03/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 1.3158 USD
My targets
1.3120 USD (-0.0023)
1.3087 USD (-0.0056)
My analysis
The bearish trend is currently very strong for GBP/USD. As long as the price remains below the resistance at 1.3158 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.3120 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.3087 USD as an objective. Crossing it would then enable sellers to target 1.3036 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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
5.9
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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 price is 1.3143 USD. The price is lower by -0.27% since the last closing and was traded between 1.3130 USD and 1.3192 USD over the period. The price is currently at +0.10% from its lowest and -0.37% from its highest.1.3130
1.3192
1.3143
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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/USD in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3036 | 1.3087 | 1.3120 | 1.3143 | 1.3158 | 1.3209 | 1.3247 |
| Change (%) | -0.81% | -0.43% | -0.17% | - | +0.11% | +0.50% | +0.79% |
| Change | -0.0107 | -0.0056 | -0.0023 | - | +0.0015 | +0.0066 | +0.0104 |
| Level | Minor | Minor | Intermediate | - | Major | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3084 | 1.3122 | 1.3150 | 1.3188 | 1.3216 | 1.3254 | 1.3282 |
| Camarilla | 1.3161 | 1.3167 | 1.3173 | 1.3179 | 1.3185 | 1.3191 | 1.3197 |
| Woodie | 1.3080 | 1.3120 | 1.3146 | 1.3186 | 1.3212 | 1.3252 | 1.3278 |
| Fibonacci | 1.3122 | 1.3147 | 1.3163 | 1.3188 | 1.3213 | 1.3229 | 1.3254 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2921 | 1.3020 | 1.3100 | 1.3199 | 1.3279 | 1.3378 | 1.3458 |
| Camarilla | 1.3130 | 1.3146 | 1.3163 | 1.3179 | 1.3195 | 1.3212 | 1.3228 |
| Woodie | 1.2911 | 1.3015 | 1.3090 | 1.3194 | 1.3269 | 1.3373 | 1.3448 |
| Fibonacci | 1.3020 | 1.3089 | 1.3131 | 1.3199 | 1.3268 | 1.3310 | 1.3378 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2878 | 1.3075 | 1.3249 | 1.3446 | 1.3620 | 1.3817 | 1.3991 |
| Camarilla | 1.3320 | 1.3354 | 1.3388 | 1.3422 | 1.3456 | 1.3490 | 1.3524 |
| Woodie | 1.2866 | 1.3069 | 1.3237 | 1.3440 | 1.3608 | 1.3811 | 1.3979 |
| Fibonacci | 1.3075 | 1.3217 | 1.3305 | 1.3446 | 1.3588 | 1.3676 | 1.3817 |
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): | 38.21 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -2.8691 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.3152 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3178 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.3188 | |
| Zig ZAG (10): | 1.3145 | |
| VORTEX (21): | 0.8646 | |
| Stochastique (14,3,5): | 23.42 | |
| TEMA (21): | 1.3145 | |
| Williams %R (14): | -74.19 | |
| Chande Momentum Oscillator (20): | -0.0032 | |
| Repulse (5,40,3): | -0.0378 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0098 | |
| Courbe Coppock: | 0.57 |
| MA7: | 1.3191 | |
| MA20: | 1.3177 | |
| MA50: | 1.3386 | |
| MA100: | 1.3397 | |
| MAexp7: | 1.3153 | |
| MAexp20: | 1.3167 | |
| MAexp50: | 1.3181 | |
| MAexp100: | 1.3183 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -0.26% | |
| Price / MA50: | -1.82% | |
| Price / MA100: | -1.90% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.30% |
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 Technical Analysis for the Week of March 28, 2022 by FXEmpire
-
GBP/USD Technical Analysis for March 28, 2022 by FXEmpire
-
GBP/USD Technical Analysis for March 25, 2022 by FXEmpire
-
GBP/USD Technical Analysis for March 24, 2022 by FXEmpire
-
GBP/USD Technical Analysis for March 23, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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