GBP/USD - 1H - Technical analysis published on 07/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.2600 USD
My targets
1.2532 USD (-0.0040)
1.2493 USD (-0.0079)
My analysis
The strong short-term decline in GBP/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 1.2600 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 1.2532 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.2493 USD as an objective. Crossing it would then enable sellers to target 1.2402 USD. Be careful, a return to above 1.2600 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2572 USD. The price registered a decrease of -0.26% on the session and was traded between 1.2570 USD and 1.2607 USD over the period. The price is currently at +0.02% from its lowest and -0.28% from its highest.1.2570
1.2607
1.2572
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD:
Technical
Technical analysis of GBP/USD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle 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 | 1.2402 | 1.2493 | 1.2532 | 1.2572 | 1.2600 | 1.2669 | 1.2734 |
| Change (%) | -1.35% | -0.63% | -0.32% | - | +0.22% | +0.77% | +1.29% |
| Change | -0.0170 | -0.0079 | -0.0040 | - | +0.0028 | +0.0097 | +0.0162 |
| Level | Minor | Major | 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 | 1.2507 | 1.2552 | 1.2579 | 1.2624 | 1.2651 | 1.2696 | 1.2723 |
| Camarilla | 1.2585 | 1.2592 | 1.2598 | 1.2605 | 1.2612 | 1.2618 | 1.2625 |
| Woodie | 1.2497 | 1.2548 | 1.2569 | 1.2620 | 1.2641 | 1.2692 | 1.2713 |
| Fibonacci | 1.2552 | 1.2580 | 1.2597 | 1.2624 | 1.2652 | 1.2669 | 1.2696 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2034 | 1.2142 | 1.2313 | 1.2421 | 1.2592 | 1.2700 | 1.2871 |
| Camarilla | 1.2406 | 1.2432 | 1.2457 | 1.2483 | 1.2509 | 1.2534 | 1.2560 |
| Woodie | 1.2065 | 1.2158 | 1.2344 | 1.2437 | 1.2623 | 1.2716 | 1.2902 |
| Fibonacci | 1.2142 | 1.2249 | 1.2315 | 1.2421 | 1.2528 | 1.2594 | 1.2700 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1592 | 1.1922 | 1.2154 | 1.2484 | 1.2716 | 1.3046 | 1.3278 |
| Camarilla | 1.2232 | 1.2284 | 1.2336 | 1.2387 | 1.2439 | 1.2490 | 1.2542 |
| Woodie | 1.1544 | 1.1898 | 1.2106 | 1.2460 | 1.2668 | 1.3022 | 1.3230 |
| Fibonacci | 1.1922 | 1.2136 | 1.2269 | 1.2484 | 1.2698 | 1.2831 | 1.3046 |
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): | 38.23 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -12.6619 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.2595 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2620 | |
| Elder Ray (13): | -0.0015 | |
| Super Trend (3,10): | 1.2625 | |
| Zig ZAG (10): | 1.2581 | |
| VORTEX (21): | 0.8261 | |
| Stochastique (14,3,5): | 12.21 | |
| TEMA (21): | 1.2580 | |
| Williams %R (14): | -80.39 | |
| Chande Momentum Oscillator (20): | -0.0025 | |
| Repulse (5,40,3): | -0.0228 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0051 | |
| Courbe Coppock: | 0.57 |
| MA7: | 1.2540 | |
| MA20: | 1.2485 | |
| MA50: | 1.2432 | |
| MA100: | 1.2438 | |
| MAexp7: | 1.2586 | |
| MAexp20: | 1.2602 | |
| MAexp50: | 1.2595 | |
| MAexp100: | 1.2565 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +0.70% | |
| Price / MA50: | +1.13% | |
| Price / MA100: | +1.08% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | +0.06% |
Quotes :
2020-07-10 07:05:23
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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:
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GBP/USD Technical Analysis for July 10, 2020 by FXEmpire
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GBP/USD Technical Analysis For July 9, 2020 By FX Empire
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GBP/USD Technical Analysis for July 9, 2020 by FXEmpire
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GBP/USD Technical Analysis for July 8, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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