GBP/USD - 15 min. - Technical analysis published on 10/13/2020 (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:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.3028 USD
My targets
1.2954 USD (-0.0054)
1.2845 USD (-0.0163)
My analysis
GBP/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.3028 USD. The next support located at 1.2954 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.2845 USD. Below this support, sellers could then target 1.2734 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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This analysis was given by ganesand. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.3008 USD. The price is lower by -0.44% since the last closing with the lowest point at 1.3006 USD and the highest point at 1.3068 USD. The deviation from the price is +0.02% for the low point and -0.46% for the high point.1.3006
1.3068
1.3008
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD:
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 sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2845 | 1.2954 | 1.3006 | 1.3008 | 1.3053 | 1.3083 | 1.3473 |
| Change (%) | -1.25% | -0.42% | -0.02% | - | +0.35% | +0.58% | +3.57% |
| Change | -0.0163 | -0.0054 | -0.0002 | - | +0.0045 | +0.0075 | +0.0465 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Major |
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 | 1.3009 | 1.3028 | 1.3046 | 1.3065 | 1.3083 | 1.3102 | 1.3120 |
| Camarilla | 1.3055 | 1.3058 | 1.3062 | 1.3065 | 1.3068 | 1.3072 | 1.3075 |
| Woodie | 1.3010 | 1.3028 | 1.3047 | 1.3065 | 1.3084 | 1.3102 | 1.3121 |
| Fibonacci | 1.3028 | 1.3042 | 1.3051 | 1.3065 | 1.3079 | 1.3088 | 1.3102 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2706 | 1.2776 | 1.2911 | 1.2981 | 1.3116 | 1.3186 | 1.3321 |
| Camarilla | 1.2991 | 1.3009 | 1.3028 | 1.3047 | 1.3066 | 1.3085 | 1.3103 |
| Woodie | 1.2740 | 1.2792 | 1.2945 | 1.2997 | 1.3150 | 1.3202 | 1.3355 |
| Fibonacci | 1.2776 | 1.2854 | 1.2902 | 1.2981 | 1.3059 | 1.3107 | 1.3186 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1758 | 1.2217 | 1.2566 | 1.3025 | 1.3374 | 1.3833 | 1.4182 |
| Camarilla | 1.2694 | 1.2768 | 1.2842 | 1.2916 | 1.2990 | 1.3064 | 1.3138 |
| Woodie | 1.1704 | 1.2190 | 1.2512 | 1.2998 | 1.3320 | 1.3806 | 1.4128 |
| Fibonacci | 1.2217 | 1.2525 | 1.2716 | 1.3025 | 1.3333 | 1.3524 | 1.3833 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.75 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -17.3044 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.3027 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3049 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 1.3061 | |
| Zig ZAG (10): | 1.3016 | |
| VORTEX (21): | 0.9627 | |
| Stochastique (14,3,5): | 25.65 | |
| TEMA (21): | 1.3022 | |
| Williams %R (14): | -75.47 | |
| Chande Momentum Oscillator (20): | -0.0033 | |
| Repulse (5,40,3): | -0.0782 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0040 | |
| Courbe Coppock: | 0.39 |
| MA7: | 1.2980 | |
| MA20: | 1.2898 | |
| MA50: | 1.3030 | |
| MA100: | 1.2820 | |
| MAexp7: | 1.3024 | |
| MAexp20: | 1.3032 | |
| MAexp50: | 1.3040 | |
| MAexp100: | 1.3041 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.85% | |
| Price / MA50: | -0.17% | |
| Price / MA100: | +1.47% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.25% |
Quotes :
2020-10-13 13:07:50
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Real time data
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Forex
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Technical Analysis For October 13, 2020 By FX Empire
-
GBP/USD Technical Analysis for October 13, 2020 by FXEmpire
-
GBP/USD Technical Analysis For October 12, 2020 By FX Empire
-
GBP/USD Technical Analysis for the Week of October 12, 2020 by FXEmpire
-
GBP/USD Technical Analysis for October 12, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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