GBP/USD - 1H - Technical analysis published on 09/23/2022 (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
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
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
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:
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:
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
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:
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:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1043 | 1.1128 | 1.1195 | 1.1280 | 1.1347 | 1.1432 | 1.1499 |
| Camarilla | 1.1221 | 1.1235 | 1.1249 | 1.1263 | 1.1277 | 1.1291 | 1.1305 |
| Woodie | 1.1035 | 1.1124 | 1.1187 | 1.1276 | 1.1339 | 1.1428 | 1.1491 |
| Fibonacci | 1.1128 | 1.1186 | 1.1222 | 1.1280 | 1.1338 | 1.1374 | 1.1432 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0880 | 1.1115 | 1.1268 | 1.1503 | 1.1656 | 1.1891 | 1.2044 |
| Camarilla | 1.1314 | 1.1350 | 1.1385 | 1.1421 | 1.1457 | 1.1492 | 1.1528 |
| Woodie | 1.0839 | 1.1095 | 1.1227 | 1.1483 | 1.1615 | 1.1871 | 1.2003 |
| Fibonacci | 1.1115 | 1.1263 | 1.1355 | 1.1503 | 1.1651 | 1.1743 | 1.1891 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0663 | 1.1128 | 1.1363 | 1.1828 | 1.2063 | 1.2528 | 1.2763 |
| Camarilla | 1.1405 | 1.1469 | 1.1533 | 1.1597 | 1.1661 | 1.1725 | 1.1790 |
| Woodie | 1.0547 | 1.1071 | 1.1247 | 1.1771 | 1.1947 | 1.2471 | 1.2647 |
| Fibonacci | 1.1128 | 1.1396 | 1.1561 | 1.1828 | 1.2096 | 1.2261 | 1.2528 |
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:
-
GBP/USD Technical Analysis for the Week of September 26, 2022 by FXEmpire
-
GBP/USD Technical Analysis for September 26, 2022 by FXEmpire
-
GBP/USD Technical Analysis for September 23, 2022 by FXEmpire
-
GBP/USD Forecast September 22, 2022
-
GBP/USD Technical Analysis for September 22, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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