GBP/USD - 1H - Technical analysis published on 09/23/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 1.2775 USD
My targets
1.2669 USD (-0.0073)
1.2563 USD (-0.0179)
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 under the resistance located at 1.2775 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.2669 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.2563 USD as an objective. Crossing it would then enable sellers to target 1.2493 USD. If the resistance 1.2775 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.4
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This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2742 USD. The price registered an increase of +0.00% on the session and was traded between 1.2675 USD and 1.2760 USD over the period. The price is currently at +0.53% from its lowest and -0.14% from its highest.1.2675
1.2760
1.2742
Here is a more detailed summary of the historical variations registered by GBP/USD:
Technical
A technical analysis in 1H of this GBP/USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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
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 | 1.2306 | 1.2493 | 1.2732 | 1.2742 | 1.2775 | 1.2866 | 1.2914 |
| Change (%) | -3.42% | -1.95% | -0.08% | - | +0.26% | +0.97% | +1.35% |
| Change | -0.0436 | -0.0249 | -0.0010 | - | +0.0033 | +0.0124 | +0.0172 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2522 | 1.2617 | 1.2679 | 1.2774 | 1.2836 | 1.2931 | 1.2993 |
| Camarilla | 1.2699 | 1.2713 | 1.2728 | 1.2742 | 1.2756 | 1.2771 | 1.2785 |
| Woodie | 1.2507 | 1.2609 | 1.2664 | 1.2766 | 1.2821 | 1.2923 | 1.2978 |
| Fibonacci | 1.2617 | 1.2677 | 1.2714 | 1.2774 | 1.2834 | 1.2871 | 1.2931 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2563 | 1.2669 | 1.2794 | 1.2900 | 1.3025 | 1.3131 | 1.3256 |
| Camarilla | 1.2855 | 1.2876 | 1.2897 | 1.2918 | 1.2939 | 1.2960 | 1.2982 |
| Woodie | 1.2572 | 1.2674 | 1.2803 | 1.2905 | 1.3034 | 1.3136 | 1.3265 |
| Fibonacci | 1.2669 | 1.2758 | 1.2812 | 1.2900 | 1.2989 | 1.3043 | 1.3131 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2683 | 1.2832 | 1.3098 | 1.3247 | 1.3513 | 1.3662 | 1.3928 |
| Camarilla | 1.3250 | 1.3288 | 1.3326 | 1.3364 | 1.3402 | 1.3440 | 1.3478 |
| Woodie | 1.2742 | 1.2861 | 1.3157 | 1.3276 | 1.3572 | 1.3691 | 1.3987 |
| Fibonacci | 1.2832 | 1.2991 | 1.3089 | 1.3247 | 1.3406 | 1.3504 | 1.3662 |
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): | 48.58 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | 0.0282 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 1.2715 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2677 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 1.2763 | |
| Zig ZAG (10): | 1.2731 | |
| VORTEX (21): | 1.0202 | |
| Stochastique (14,3,5): | 80.83 | |
| TEMA (21): | 1.2726 | |
| Williams %R (14): | -34.12 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | -0.0244 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0199 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.2862 | |
| MA20: | 1.3040 | |
| MA50: | 1.3012 | |
| MA100: | 1.2727 | |
| MAexp7: | 1.2731 | |
| MAexp20: | 1.2734 | |
| MAexp50: | 1.2772 | |
| MAexp100: | 1.2819 | |
| Price / MA7: | -0.93% | |
| Price / MA20: | -2.29% | |
| Price / MA50: | -2.08% | |
| Price / MA100: | +0.12% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.60% |
Quotes :
2020-09-23 14:42:23
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Real time data
-
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 September 24, 2020 by FXEmpire
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GBP/USD Technical Analysis For September 23, 2020 By FX Empire
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GBP/USD Technical Analysis for September 23, 2020 by FXEmpire
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GBP/USD Technical Analysis For September 22, 2020 By FX Empire
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GBP/USD Technical Analysis for September 22, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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