GBP/USD - 1H - Technical analysis published on 03/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 1.2258 USD
My targets
1.2129 USD (-0.0095)
1.2113 USD (-0.0111)
My analysis
GBP/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.2258 USD. The next support located at 1.2129 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.2113 USD. Below this support, sellers could then target 1.2037 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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Additional analysis
Quotes
The GBP/USD price is 1.2224 USD. The price is lower by -0.46% since the last closing with the lowest point at 1.2190 USD and the highest point at 1.2289 USD. The deviation from the price is +0.28% for the low point and -0.53% for the high point.1.2190
1.2289
1.2224
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 4 are neutral and 8 are 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 | 1.2037 | 1.2113 | 1.2220 | 1.2224 | 1.2258 | 1.2285 | 1.2344 |
| Change (%) | -1.53% | -0.91% | -0.03% | - | +0.28% | +0.50% | +0.98% |
| Change | -0.0187 | -0.0111 | -0.0004 | - | +0.0034 | +0.0061 | +0.0120 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2164 | 1.2212 | 1.2247 | 1.2295 | 1.2330 | 1.2378 | 1.2413 |
| Camarilla | 1.2258 | 1.2266 | 1.2273 | 1.2281 | 1.2289 | 1.2296 | 1.2304 |
| Woodie | 1.2157 | 1.2209 | 1.2240 | 1.2292 | 1.2323 | 1.2375 | 1.2406 |
| Fibonacci | 1.2212 | 1.2244 | 1.2264 | 1.2295 | 1.2327 | 1.2347 | 1.2378 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1859 | 1.1935 | 1.2053 | 1.2129 | 1.2247 | 1.2323 | 1.2441 |
| Camarilla | 1.2119 | 1.2136 | 1.2154 | 1.2172 | 1.2190 | 1.2208 | 1.2225 |
| Woodie | 1.1881 | 1.1946 | 1.2075 | 1.2140 | 1.2269 | 1.2334 | 1.2463 |
| Fibonacci | 1.1935 | 1.2009 | 1.2055 | 1.2129 | 1.2203 | 1.2249 | 1.2323 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1345 | 1.1630 | 1.1831 | 1.2116 | 1.2317 | 1.2602 | 1.2803 |
| Camarilla | 1.1898 | 1.1943 | 1.1988 | 1.2032 | 1.2077 | 1.2121 | 1.2166 |
| Woodie | 1.1303 | 1.1609 | 1.1789 | 1.2095 | 1.2275 | 1.2581 | 1.2761 |
| Fibonacci | 1.1630 | 1.1816 | 1.1930 | 1.2116 | 1.2302 | 1.2416 | 1.2602 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.29 | |
| MACD (12,26,9): | -0.0019 | |
| Directional Movement: | -14.6291 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.2223 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2239 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 1.2276 | |
| Zig ZAG (10): | 1.2225 | |
| VORTEX (21): | 0.8762 | |
| Stochastique (14,3,5): | 34.34 | |
| TEMA (21): | 1.2208 | |
| Williams %R (14): | -67.68 | |
| Chande Momentum Oscillator (20): | -0.0062 | |
| Repulse (5,40,3): | 0.0372 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0191 | |
| Courbe Coppock: | 0.96 |
| MA7: | 1.2224 | |
| MA20: | 1.2085 | |
| MA50: | 1.2149 | |
| MA100: | 1.2094 | |
| MAexp7: | 1.2226 | |
| MAexp20: | 1.2246 | |
| MAexp50: | 1.2260 | |
| MAexp100: | 1.2247 | |
| Price / MA7: | -0% | |
| Price / MA20: | +1.15% | |
| Price / MA50: | +0.62% | |
| Price / MA100: | +1.07% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.19% |
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 27, 2023 by FXEmpire
-
GBP/USD Forecast March 23, 2023
-
Technical Analysis: 21/03/2023 - GBPUSD retests 1.2270 but outlook still neutral
-
GBP/USD Forecast March 21, 2023
-
Weekly Technical Analysis: 20/03/2023 - USDJPY, GBPUSD, USDCHF
This member declared not having a position on this financial instrument or a related financial instrument.
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