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GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPUSD
ISIN:

GBP/USD - 1H - Technical analysis published on 05/14/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 1.2517 USD
My targets
1.2594 USD (+0.0050)
1.2633 USD (+0.0089)
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 above the support located at 1.2517 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.2594 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.2633 USD as an objective. Crossing it would then enable buyers to target 1.2713 USD. If the support 1.2517 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/USD rating is 1.2544 USD. The price is lower by -0.13% since the last closing with the lowest point at 1.2509 USD and the highest point at 1.2564 USD. The deviation from the price is +0.28% for the low point and -0.16% for the high point.

1.2509
1.2564
1.2544

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/USD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2490 1.2517 1.2540 1.2544 1.2556 1.2594 1.2633
Change (%) -0.43% -0.22% -0.03% - +0.10% +0.40% +0.71%
Change -0.0054 -0.0027 -0.0004 - +0.0012 +0.0050 +0.0089
Level Minor Intermediate Intermediate - Major Minor Intermediate



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
Standard1.24661.24891.25241.25471.25821.26051.2640
Camarilla1.25441.25491.25551.25601.25651.25711.2576
Woodie1.24731.24921.25311.25501.25891.26081.2647
Fibonacci1.24891.25111.25251.25471.25691.25831.2605


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.23011.23741.24491.25221.25971.26701.2745
Camarilla1.24841.24981.25111.25251.25391.25521.2566
Woodie1.23031.23751.24511.25231.25991.26711.2747
Fibonacci1.23741.24301.24651.25221.25781.26131.2670


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.18791.20891.22891.24991.26991.29091.3109
Camarilla1.23761.24141.24511.24891.25271.25641.2602
Woodie1.18741.20871.22841.24971.26941.29071.3104
Fibonacci1.20891.22461.23421.24991.26561.27521.2909

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): 43.59
MACD (12,26,9): 0.0001
Directional Movement: -16.1634
AROON (14): -14.2857
DEMA (21): 1.2553
Parabolic SAR (0,02-0,02-0,2): 1.2559
Elder Ray (13): -0.0017
Super Trend (3,10): 1.2568
Zig ZAG (10): 1.2540
VORTEX (21): 0.9140
Stochastique (14,3,5): 42.63
TEMA (21): 1.2549
Williams %R (14): -41.82
Chande Momentum Oscillator (20): -0.0018
Repulse (5,40,3): 0.0353
ROCnROLL: -1
TRIX (15,9): 0.0061
Courbe Coppock: 0.16
MA7: 1.2529
MA20: 1.2495
MA50: 1.2592
MA100: 1.2633
MAexp7: 1.2547
MAexp20: 1.2550
MAexp50: 1.2541
MAexp100: 1.2533
Price / MA7: +0.12%
Price / MA20: +0.39%
Price / MA50: -0.38%
Price / MA100: -0.70%
Price / MAexp7: -0.02%
Price / MAexp20: -0.05%
Price / MAexp50: +0.02%
Price / MAexp100: +0.09%

Quotes : - Real time data - Forex

News


The last news published on GBP/USD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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