GBP/USD - 1H - Technical analysis published on 01/23/2023 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
17%
39%
44%
My opinion
Neutral between 1.2335 USD and 1.2398 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 1.2335 USD. The first resistance is located at 1.2398 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by GBP/USD.
Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.
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This analysis was given by Muhahaha. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2381 USD. The price registered a decrease of -0.11% on the session and was between 1.2378 USD and 1.2448 USD. This implies that the price is at +0.02% from its lowest and at -0.54% from its highest.1.2378
1.2448
1.2381
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/USD chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
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 | 1.2263 | 1.2290 | 1.2335 | 1.2381 | 1.2398 | 1.2436 | 1.2727 |
| Change (%) | -0.95% | -0.73% | -0.37% | - | +0.14% | +0.44% | +2.79% |
| Change | -0.0118 | -0.0091 | -0.0046 | - | +0.0017 | +0.0055 | +0.0346 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2282 | 1.2308 | 1.2352 | 1.2378 | 1.2422 | 1.2448 | 1.2492 |
| Camarilla | 1.2376 | 1.2382 | 1.2389 | 1.2395 | 1.2401 | 1.2408 | 1.2414 |
| Woodie | 1.2290 | 1.2313 | 1.2360 | 1.2383 | 1.2430 | 1.2453 | 1.2500 |
| Fibonacci | 1.2308 | 1.2335 | 1.2352 | 1.2378 | 1.2405 | 1.2422 | 1.2448 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1964 | 1.2066 | 1.2231 | 1.2333 | 1.2498 | 1.2600 | 1.2765 |
| Camarilla | 1.2322 | 1.2346 | 1.2371 | 1.2395 | 1.2420 | 1.2444 | 1.2468 |
| Woodie | 1.1995 | 1.2082 | 1.2262 | 1.2349 | 1.2529 | 1.2616 | 1.2796 |
| Fibonacci | 1.2066 | 1.2168 | 1.2231 | 1.2333 | 1.2435 | 1.2498 | 1.2600 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1441 | 1.1717 | 1.1895 | 1.2171 | 1.2349 | 1.2625 | 1.2803 |
| Camarilla | 1.1948 | 1.1990 | 1.2031 | 1.2073 | 1.2115 | 1.2156 | 1.2198 |
| Woodie | 1.1392 | 1.1693 | 1.1846 | 1.2147 | 1.2300 | 1.2601 | 1.2754 |
| Fibonacci | 1.1717 | 1.1890 | 1.1998 | 1.2171 | 1.2344 | 1.2452 | 1.2625 |
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): | 41.11 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | -6.0113 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.2416 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2437 | |
| Elder Ray (13): | -0.0014 | |
| Super Trend (3,10): | 1.2456 | |
| Zig ZAG (10): | 1.2382 | |
| VORTEX (21): | 1.1010 | |
| Stochastique (14,3,5): | 24.32 | |
| TEMA (21): | 1.2414 | |
| Williams %R (14): | -95.71 | |
| Chande Momentum Oscillator (20): | -0.0022 | |
| Repulse (5,40,3): | -0.3630 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0146 | |
| Courbe Coppock: | 0.30 |
| MA7: | 1.2319 | |
| MA20: | 1.2160 | |
| MA50: | 1.2125 | |
| MA100: | 1.1735 | |
| MAexp7: | 1.2406 | |
| MAexp20: | 1.2403 | |
| MAexp50: | 1.2382 | |
| MAexp100: | 1.2345 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +1.82% | |
| Price / MA50: | +2.11% | |
| Price / MA100: | +5.50% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.29% |
Quotes :
-
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 Forecast January 23, 2023
-
GBP/USD Technical Analysis for the Week of January 23, 2023 by FXEmpire
-
GBP/USD Forecast January 17, 2023
-
GBP/USD Forecast January 16, 2023
-
GBP/USD Technical Analysis for the Week of January 16, 2023 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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