GBP/USD - 1H - Technical analysis published on 10/15/2020 (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
11%
61%
28%
My opinion
Bearish under 1.2971 USD
My targets
1.2863 USD (-0.0060)
1.2734 USD (-0.0189)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/USD as long as the price remains well below 1.2971 USD. The sellers” bearish objective is set at 1.2863 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.2734 USD. In case of crossing, the next objective would be the support located at 1.2493 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.3
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This analysis was given by ganesand. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.2923 USD. The price is lower by -0.68% since the last closing and was between 1.2890 USD and 1.3030 USD. This implies that the price is at +0.26% from its lowest and at -0.82% from its highest.1.2890
1.3030
1.2923
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
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.
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 | 1.2493 | 1.2734 | 1.2863 | 1.2923 | 1.2930 | 1.2971 | 1.3006 |
| Change (%) | -3.33% | -1.46% | -0.46% | - | +0.05% | +0.37% | +0.64% |
| Change | -0.0430 | -0.0189 | -0.0060 | - | +0.0007 | +0.0048 | +0.0083 |
| Level | Minor | Intermediate | Minor | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2694 | 1.2778 | 1.2895 | 1.2979 | 1.3096 | 1.3180 | 1.3297 |
| Camarilla | 1.2956 | 1.2974 | 1.2993 | 1.3011 | 1.3029 | 1.3048 | 1.3066 |
| Woodie | 1.2710 | 1.2786 | 1.2911 | 1.2987 | 1.3112 | 1.3188 | 1.3313 |
| Fibonacci | 1.2778 | 1.2855 | 1.2903 | 1.2979 | 1.3056 | 1.3104 | 1.3180 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.12 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | -10.0333 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.2944 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2983 | |
| Elder Ray (13): | -0.0044 | |
| Super Trend (3,10): | 1.3006 | |
| Zig ZAG (10): | 1.2907 | |
| VORTEX (21): | 0.7914 | |
| Stochastique (14,3,5): | 19.71 | |
| TEMA (21): | 1.2925 | |
| Williams %R (14): | -89.63 | |
| Chande Momentum Oscillator (20): | -0.0107 | |
| Repulse (5,40,3): | -0.2019 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0074 | |
| Courbe Coppock: | 1.29 |
| MA7: | 1.2975 | |
| MA20: | 1.2893 | |
| MA50: | 1.3021 | |
| MA100: | 1.2832 | |
| MAexp7: | 1.2934 | |
| MAexp20: | 1.2965 | |
| MAexp50: | 1.2979 | |
| MAexp100: | 1.2982 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | -0.75% | |
| Price / MA100: | +0.71% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.45% |
Quotes :
2020-10-15 15:18:26
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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 October 15, 2020 By FX Empire
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GBP/USD Technical Analysis for October 15, 2020 by FXEmpire
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GBP/USD Technical Analysis for October 14, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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