GBP/USD - 15 min. - Technical analysis published on 10/16/2020 (GMT)
- Who voted?
- 127
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.2852 USD
My targets
1.2941 USD (+0.0028)
1.2992 USD (+0.0079)
My analysis
The strong short-term increase of GBP/USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 1.2852 USD, a purchase could be considered. The first bullish objective is located at 1.2941 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 1.2992 USD. If there is any crossing, the next objective would be the resistance at 1.3081 USD. Caution, if there is a return under 1.2852 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by ganesand. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2913 USD. On the day, this instrument gained +0.08% with the lowest point at 1.2883 USD and the highest point at 1.2925 USD. The deviation from the price is +0.23% for the low point and -0.09% for the high point.1.2883
1.2925
1.2913
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
Technical analysis of GBP/USD in 15 min. shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
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.
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 | 1.2845 | 1.2863 | 1.2891 | 1.2913 | 1.2930 | 1.2971 | 1.3006 |
| Change (%) | -0.53% | -0.39% | -0.17% | - | +0.13% | +0.45% | +0.72% |
| Change | -0.0068 | -0.0050 | -0.0022 | - | +0.0017 | +0.0058 | +0.0093 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | Intermediate |
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 | 1.2712 | 1.2801 | 1.2852 | 1.2941 | 1.2992 | 1.3081 | 1.3132 |
| Camarilla | 1.2865 | 1.2877 | 1.2890 | 1.2903 | 1.2916 | 1.2929 | 1.2942 |
| Woodie | 1.2693 | 1.2792 | 1.2833 | 1.2932 | 1.2973 | 1.3072 | 1.3113 |
| Fibonacci | 1.2801 | 1.2855 | 1.2888 | 1.2941 | 1.2995 | 1.3028 | 1.3081 |
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): | 60.62 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 21.2417 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 1.2899 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2883 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 1.2885 | |
| Zig ZAG (10): | 1.2917 | |
| VORTEX (21): | 1.0655 | |
| Stochastique (14,3,5): | 77.44 | |
| TEMA (21): | 1.2903 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.0018 | |
| Repulse (5,40,3): | 0.0440 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0013 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.2974 | |
| MA20: | 1.2893 | |
| MA50: | 1.3018 | |
| MA100: | 1.2838 | |
| MAexp7: | 1.2907 | |
| MAexp20: | 1.2898 | |
| MAexp50: | 1.2903 | |
| MAexp100: | 1.2919 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | +0.16% | |
| Price / MA50: | -0.81% | |
| Price / MA100: | +0.58% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | -0.05% |
Quotes :
2020-10-16 07:36:16
-
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:
-
GBP/USD Technical Analysis for October 16, 2020 by FXEmpire
-
GBP/USD Technical Analysis For October 15, 2020 By FX Empire
-
GBP/USD Technical Analysis for October 15, 2020 by FXEmpire
-
GBP/USD Technical Analysis For October 14, 2020 By FX Empire
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GBP/USD - 15 min.