GBP/USD - 1H - Technical analysis published on 07/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 1.2592 USD
My targets
1.2519 USD (-0.0036)
1.2493 USD (-0.0062)
My analysis
The bearish trend is currently very strong for GBP/USD. As long as the price remains below the resistance at 1.2592 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.2519 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 1.2309 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2555 USD. The price is lower by -0.29% since the last closing with the lowest point at 1.2520 USD and the highest point at 1.2625 USD. The deviation from the price is +0.28% for the low point and -0.55% for the high point.1.2520
1.2625
1.2555
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GBP/USD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
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 | 1.2309 | 1.2493 | 1.2519 | 1.2555 | 1.2567 | 1.2592 | 1.2624 |
| Change (%) | -1.96% | -0.49% | -0.29% | - | +0.10% | +0.29% | +0.55% |
| Change | -0.0246 | -0.0062 | -0.0036 | - | +0.0012 | +0.0037 | +0.0069 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2466 | 1.2514 | 1.2553 | 1.2601 | 1.2640 | 1.2688 | 1.2727 |
| Camarilla | 1.2567 | 1.2575 | 1.2583 | 1.2591 | 1.2599 | 1.2607 | 1.2615 |
| Woodie | 1.2461 | 1.2512 | 1.2548 | 1.2599 | 1.2635 | 1.2686 | 1.2722 |
| Fibonacci | 1.2514 | 1.2548 | 1.2568 | 1.2601 | 1.2635 | 1.2655 | 1.2688 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2282 | 1.2369 | 1.2496 | 1.2583 | 1.2710 | 1.2797 | 1.2924 |
| Camarilla | 1.2564 | 1.2584 | 1.2603 | 1.2623 | 1.2643 | 1.2662 | 1.2682 |
| Woodie | 1.2302 | 1.2379 | 1.2516 | 1.2593 | 1.2730 | 1.2807 | 1.2944 |
| Fibonacci | 1.2369 | 1.2451 | 1.2501 | 1.2583 | 1.2665 | 1.2715 | 1.2797 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.57 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -3.7450 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 1.2559 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2617 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 1.2538 | |
| Zig ZAG (10): | 1.2552 | |
| VORTEX (21): | 0.9539 | |
| Stochastique (14,3,5): | 30.79 | |
| TEMA (21): | 1.2558 | |
| Williams %R (14): | -65.71 | |
| Chande Momentum Oscillator (20): | 0.0033 | |
| Repulse (5,40,3): | 0.0108 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0042 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.2587 | |
| MA20: | 1.2490 | |
| MA50: | 1.2446 | |
| MA100: | 1.2423 | |
| MAexp7: | 1.2560 | |
| MAexp20: | 1.2565 | |
| MAexp50: | 1.2571 | |
| MAexp100: | 1.2575 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +0.88% | |
| Price / MA100: | +1.06% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.16% |
Quotes :
2020-07-16 21:17:39
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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 July 17, 2020 by FXEmpire
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GBP/USD Technical Analysis For July 16, 2020 By FX Empire
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GBP/USD Technical Analysis for July 16, 2020 by FXEmpire
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GBP/USD Technical Analysis For July 15, 2020 By FX Empire
-
GBP/USD Technical Analysis for July 15, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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