GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
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Change: -
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High / Low range: -
Type: Forex
Ticker: GBPUSD
ISIN:

GBP/USD - 1H - Technical analysis published on 09/23/2022 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.1115 USD
My targets
1.0880 USD (-0.0037)
My analysis
The bearish trend is currently very strong for GBP/USD. As long as the price remains below the resistance at 1.1115 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0880 USD. The bearish momentum would be revived by a break in this support. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9

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 Simon1. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/USD rating is 1.0917 USD. On the day, this instrument lost -3.07% with the lowest point at 1.0897 USD and the highest point at 1.1274 USD. The deviation from the price is +0.18% for the low point and -3.17% for the high point.

1.0897
1.1274
1.0917

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly


New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Bullish harami cross

Type : Bullish

Timeframe : 1 hour




ProTrendLines
R1
R2
R3
Price


PriceR1R2R3
ProTrendLines 1.0917 1.1213 1.1352 1.1492
Change (%) - +2.71% +3.98% +5.27%
Change - +0.0296 +0.0435 +0.0575
Level - Intermediate Major 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
Standard1.10431.11281.11951.12801.13471.14321.1499
Camarilla1.12211.12351.12491.12631.12771.12911.1305
Woodie1.10351.11241.11871.12761.13391.14281.1491
Fibonacci1.11281.11861.12221.12801.13381.13741.1432


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.08801.11151.12681.15031.16561.18911.2044
Camarilla1.13141.13501.13851.14211.14571.14921.1528
Woodie1.08391.10951.12271.14831.16151.18711.2003
Fibonacci1.11151.12631.13551.15031.16511.17431.1891


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06631.11281.13631.18281.20631.25281.2763
Camarilla1.14051.14691.15331.15971.16611.17251.1790
Woodie1.05471.10711.12471.17711.19471.24711.2647
Fibonacci1.11281.13961.15611.18281.20961.22611.2528

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): 21.54
MACD (12,26,9): -0.0081
Directional Movement: -39.9953
AROON (14): -92.8571
DEMA (21): 1.1026
Parabolic SAR (0,02-0,02-0,2): 1.1097
Elder Ray (13): -0.0163
Super Trend (3,10): 1.1067
Zig ZAG (10): 1.0924
VORTEX (21): 0.5857
Stochastique (14,3,5): 3.21
TEMA (21): 1.0975
Williams %R (14): -91.04
Chande Momentum Oscillator (20): -0.0307
Repulse (5,40,3): -1.1857
ROCnROLL: 2
TRIX (15,9): -0.0637
Courbe Coppock: 4.16
MA7: 1.1307
MA20: 1.1480
MA50: 1.1810
MA100: 1.2046
MAexp7: 1.1010
MAexp20: 1.1121
MAexp50: 1.1212
MAexp100: 1.1287
Price / MA7: -3.45%
Price / MA20: -4.90%
Price / MA50: -7.56%
Price / MA100: -9.37%
Price / MAexp7: -0.84%
Price / MAexp20: -1.83%
Price / MAexp50: -2.63%
Price / MAexp100: -3.28%

Quotes : - Real time data - Forex

News


The latest news and videos published on GBP/USD at the time of the analysis were as follows:

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

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