GBP/USD - 1H - Technical analysis published on 05/30/2023 (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:
Bullish
Underlying:
Neutral
Technical indicators
61%
6%
33%
My opinion
Neutral between 1.2332 USD and 1.2391 USD
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1.2391 USD. The first support is located at 1.2332 USD. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by GBP/USD.
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
The GBP/USD rating is 1.2360 USD. The price has increased by +0.10% since the last closing and was traded between 1.2344 USD and 1.2361 USD over the period. The price is currently at +0.13% from its lowest and -0.01% from its highest.1.2344
1.2361
1.2360
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 not clearly defined. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. The Central Indicators market scanner is currently detecting several bearish and bullish 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
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2037 | 1.2308 | 1.2332 | 1.2360 | 1.2391 | 1.2418 | 1.2447 |
| Change (%) | -2.61% | -0.42% | -0.23% | - | +0.25% | +0.47% | +0.70% |
| Change | -0.0323 | -0.0052 | -0.0028 | - | +0.0031 | +0.0058 | +0.0087 |
| 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): | 52.91 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | -1.5039 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.2355 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2372 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.2331 | |
| Zig ZAG (10): | 1.2357 | |
| VORTEX (21): | 0.9953 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 1.2356 | |
| Williams %R (14): | -23.08 | |
| Chande Momentum Oscillator (20): | 0.0011 | |
| Repulse (5,40,3): | 0.0549 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0023 | |
| Courbe Coppock: | 0.13 |
| MA7: | 1.2369 | |
| MA20: | 1.2477 | |
| MA50: | 1.2439 | |
| MA100: | 1.2292 | |
| MAexp7: | 1.2355 | |
| MAexp20: | 1.2353 | |
| MAexp50: | 1.2353 | |
| MAexp100: | 1.2365 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | -0.64% | |
| Price / MA100: | +0.55% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | -0.04% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on GBP/USD at the time of the analysis were 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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