GBP/USD - 15 min. - Technical analysis published on 08/04/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.3126 USD
My targets
1.3065 USD (-0.0005)
1.3018 USD (-0.0052)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade GBP/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.3126 USD. The next bearish objective for sellers is set at 1.3065 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3018 USD. In case of crossing, the next objective would be the support located at 1.2957 USD. In the event of a bullish break in the resistance located at 1.3126 USD a certain indecision would take hold.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.4
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This analysis was given by paulchabz23. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.3070 USD. The price registered a decrease of -0.06% on the session and was traded between 1.3059 USD and 1.3089 USD over the period. The price is currently at +0.08% from its lowest and -0.15% from its highest.1.3059
1.3089
1.3070
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this GBP/USD chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the 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 price crossover with Moving Average 100
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
MACD indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 15 minutes
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 | 1.2904 | 1.3005 | 1.3053 | 1.3070 | 1.3113 | 1.3170 | 1.3261 |
| Change (%) | -1.27% | -0.50% | -0.13% | - | +0.33% | +0.77% | +1.46% |
| Change | -0.0166 | -0.0065 | -0.0017 | - | +0.0043 | +0.0100 | +0.0191 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | 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 | 1.2910 | 1.2957 | 1.3018 | 1.3065 | 1.3126 | 1.3173 | 1.3234 |
| Camarilla | 1.3048 | 1.3058 | 1.3068 | 1.3078 | 1.3088 | 1.3098 | 1.3108 |
| Woodie | 1.2916 | 1.2961 | 1.3024 | 1.3069 | 1.3132 | 1.3177 | 1.3240 |
| Fibonacci | 1.2957 | 1.2999 | 1.3024 | 1.3065 | 1.3107 | 1.3132 | 1.3173 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2466 | 1.2623 | 1.2855 | 1.3012 | 1.3244 | 1.3401 | 1.3633 |
| Camarilla | 1.2979 | 1.3015 | 1.3050 | 1.3086 | 1.3122 | 1.3157 | 1.3193 |
| Woodie | 1.2503 | 1.2642 | 1.2892 | 1.3031 | 1.3281 | 1.3420 | 1.3670 |
| Fibonacci | 1.2623 | 1.2772 | 1.2864 | 1.3012 | 1.3161 | 1.3253 | 1.3401 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1762 | 1.2061 | 1.2573 | 1.2872 | 1.3384 | 1.3683 | 1.4195 |
| Camarilla | 1.2863 | 1.2937 | 1.3012 | 1.3086 | 1.3160 | 1.3235 | 1.3309 |
| Woodie | 1.1870 | 1.2114 | 1.2681 | 1.2925 | 1.3492 | 1.3736 | 1.4303 |
| Fibonacci | 1.2061 | 1.2371 | 1.2562 | 1.2872 | 1.3182 | 1.3373 | 1.3683 |
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): | 46.99 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -14.9803 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 1.3073 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3085 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.3084 | |
| Zig ZAG (10): | 1.3065 | |
| VORTEX (21): | 0.9574 | |
| Stochastique (14,3,5): | 12.06 | |
| TEMA (21): | 1.3069 | |
| Williams %R (14): | -76.67 | |
| Chande Momentum Oscillator (20): | -0.0021 | |
| Repulse (5,40,3): | -0.0339 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0009 | |
| Courbe Coppock: | 0.10 |
| MA7: | 1.3020 | |
| MA20: | 1.2773 | |
| MA50: | 1.2609 | |
| MA100: | 1.2444 | |
| MAexp7: | 1.3070 | |
| MAexp20: | 1.3074 | |
| MAexp50: | 1.3071 | |
| MAexp100: | 1.3071 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | +2.33% | |
| Price / MA50: | +3.66% | |
| Price / MA100: | +5.03% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.01% |
Quotes :
2020-08-04 06:01:31
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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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GBPUSD A Top Polled Dollar Reversal Candidate, Global Stocks Test Breaks
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GBP/USD Technical Analysis for August 4, 2020 by FXEmpire
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GBP/USD Technical Analysis For August 3, 2020 By FX Empire
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GBP/USD Technical Analysis for the Week of August 3, 2020 by FXEmpire
-
GBP/USD Technical Analysis For July 31, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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