GBP/USD - 1H - Technical analysis published on 05/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
50%
17%
33%
My opinion
Neutral between 1.2332 USD and 1.2391 USD
My targets
-
My analysis
The short-term increase on GBP/USD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 1.2391 USD. The first support is located at 1.2332 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2357 USD. On the day, this instrument gained +0.07% with the lowest point at 1.2344 USD and the highest point at 1.2357 USD. The deviation from the price is +0.11% for the low point and 0% for the high point.1.2344
1.2357
1.2357
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD:
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 slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2037 | 1.2308 | 1.2332 | 1.2357 | 1.2391 | 1.2418 | 1.2447 |
| Change (%) | -2.59% | -0.40% | -0.20% | - | +0.28% | +0.49% | +0.73% |
| Change | -0.0320 | -0.0049 | -0.0025 | - | +0.0034 | +0.0061 | +0.0090 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | 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 | 1.2293 | 1.2313 | 1.2331 | 1.2351 | 1.2369 | 1.2389 | 1.2407 |
| Camarilla | 1.2338 | 1.2341 | 1.2345 | 1.2348 | 1.2352 | 1.2355 | 1.2359 |
| Woodie | 1.2291 | 1.2313 | 1.2329 | 1.2351 | 1.2367 | 1.2389 | 1.2405 |
| Fibonacci | 1.2313 | 1.2328 | 1.2337 | 1.2351 | 1.2366 | 1.2375 | 1.2389 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.03 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -0.8438 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.2353 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2372 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.2331 | |
| Zig ZAG (10): | 1.2348 | |
| VORTEX (21): | 0.9951 | |
| Stochastique (14,3,5): | 58.97 | |
| TEMA (21): | 1.2355 | |
| Williams %R (14): | -38.46 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | 0.0549 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0022 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.2369 | |
| MA20: | 1.2476 | |
| MA50: | 1.2439 | |
| MA100: | 1.2292 | |
| MAexp7: | 1.2354 | |
| MAexp20: | 1.2352 | |
| MAexp50: | 1.2352 | |
| MAexp100: | 1.2365 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -0.95% | |
| Price / MA50: | -0.66% | |
| Price / MA100: | +0.53% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | -0.06% |
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 May 30, 2023
-
GBP/USD Technical Analysis for the Week of May 29, 2023 by FXEmpire
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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