GBP/USD - 1H - Technical analysis published on 05/28/2023 (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:
Neutral
Underlying:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 1.2391 USD
My targets
1.2332 USD (-0.0017)
1.2308 USD (-0.0041)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/USD. As long as you are under the resistance located at 1.2391 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.2332 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.2308 USD as an objective. Crossing it would then enable sellers to target 1.2037 USD. If the resistance 1.2391 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.8
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Additional analysis
Quotes
The GBP/USD rating is 1.2349 USD. The price has increased by +0.05% since the last closing and was between 1.2334 USD and 1.2353 USD. This implies that the price is at +0.12% from its lowest and at -0.03% from its highest.1.2334
1.2353
1.2349
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2037 | 1.2308 | 1.2332 | 1.2349 | 1.2391 | 1.2418 | 1.2447 |
| Change (%) | -2.53% | -0.33% | -0.14% | - | +0.34% | +0.56% | +0.79% |
| Change | -0.0312 | -0.0041 | -0.0017 | - | +0.0042 | +0.0069 | +0.0098 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2220 | 1.2266 | 1.2304 | 1.2350 | 1.2388 | 1.2434 | 1.2472 |
| Camarilla | 1.2320 | 1.2328 | 1.2335 | 1.2343 | 1.2351 | 1.2358 | 1.2366 |
| Woodie | 1.2217 | 1.2264 | 1.2301 | 1.2348 | 1.2385 | 1.2432 | 1.2469 |
| Fibonacci | 1.2266 | 1.2298 | 1.2318 | 1.2350 | 1.2382 | 1.2402 | 1.2434 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2111 | 1.2210 | 1.2276 | 1.2375 | 1.2441 | 1.2540 | 1.2606 |
| Camarilla | 1.2298 | 1.2313 | 1.2328 | 1.2343 | 1.2358 | 1.2373 | 1.2388 |
| Woodie | 1.2096 | 1.2202 | 1.2261 | 1.2367 | 1.2426 | 1.2532 | 1.2591 |
| Fibonacci | 1.2210 | 1.2273 | 1.2312 | 1.2375 | 1.2438 | 1.2477 | 1.2540 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2052 | 1.2163 | 1.2362 | 1.2473 | 1.2672 | 1.2783 | 1.2982 |
| Camarilla | 1.2476 | 1.2504 | 1.2533 | 1.2561 | 1.2589 | 1.2618 | 1.2646 |
| Woodie | 1.2096 | 1.2185 | 1.2406 | 1.2495 | 1.2716 | 1.2805 | 1.3026 |
| Fibonacci | 1.2163 | 1.2281 | 1.2355 | 1.2473 | 1.2591 | 1.2665 | 1.2783 |
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): | 50.35 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 0.3681 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.2349 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2372 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.2331 | |
| Zig ZAG (10): | 1.2352 | |
| VORTEX (21): | 1.0517 | |
| Stochastique (14,3,5): | 36.49 | |
| TEMA (21): | 1.2352 | |
| Williams %R (14): | -60.81 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | 0.1092 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0023 | |
| Courbe Coppock: | 0.11 |
| MA7: | 1.2382 | |
| MA20: | 1.2483 | |
| MA50: | 1.2437 | |
| MA100: | 1.2290 | |
| MAexp7: | 1.2348 | |
| MAexp20: | 1.2347 | |
| MAexp50: | 1.2353 | |
| MAexp100: | 1.2373 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | -1.07% | |
| Price / MA50: | -0.71% | |
| Price / MA100: | +0.48% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.19% |
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:
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GBP/USD Technical Analysis for the Week of May 29, 2023 by FXEmpire
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GBP/USD Forecast May 24, 2023
-
Technical Analysis: 23/05/2023 - GBPUSD moves with weak momentum within SMAs
-
GBP/USD Technical Analysis for the Week of May 22, 2023 by FXEmpire
-
GBP/USD Forecast May 15, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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