GBP/USD - 1H - Technical analysis published on 10/16/2020 (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:
Neutral
De fond:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 1.2971 USD
My targets
1.2891 USD (-0.0046)
1.2863 USD (-0.0074)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.2971 USD remains possible. 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 1.2971 USD. The next bearish objective for sellers is set at 1.2891 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.2863 USD. In case of crossing, the next objective would be the support located at 1.2845 USD. PS: if there is a bullish break in the resistance located at 1.2971 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0
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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 1.2937 USD. The price registered an increase of +0.26% on the session and was traded between 1.2883 USD and 1.2949 USD over the period. The price is currently at +0.42% from its lowest and -0.09% from its highest.1.2883
1.2949
1.2937
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/USD chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral 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 increase are moderate given the direction of the technical indicators.
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
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.2863 | 1.2891 | 1.2930 | 1.2937 | 1.2971 | 1.3006 | 1.3053 |
| Change (%) | -0.57% | -0.36% | -0.05% | - | +0.26% | +0.53% | +0.90% |
| Change | -0.0074 | -0.0046 | -0.0007 | - | +0.0034 | +0.0069 | +0.0116 |
| Level | Minor | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.64 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | 8.8817 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.2909 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2891 | |
| Elder Ray (13): | 0.0021 | |
| Super Trend (3,10): | 1.2947 | |
| Zig ZAG (10): | 1.2936 | |
| VORTEX (21): | 1.0839 | |
| Stochastique (14,3,5): | 79.29 | |
| TEMA (21): | 1.2917 | |
| Williams %R (14): | -19.70 | |
| Chande Momentum Oscillator (20): | 0.0034 | |
| Repulse (5,40,3): | 0.0625 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0177 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.2977 | |
| MA20: | 1.2894 | |
| MA50: | 1.3019 | |
| MA100: | 1.2838 | |
| MAexp7: | 1.2925 | |
| MAexp20: | 1.2922 | |
| MAexp50: | 1.2943 | |
| MAexp100: | 1.2959 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | +0.33% | |
| Price / MA50: | -0.63% | |
| Price / MA100: | +0.77% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.17% |
Quotes :
2020-10-16 10:16:11
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Real time data
-
Forex
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
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GBP/USD Technical Analysis For October 16, 2020 By FX Empire
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GBP/USD Technical Analysis for October 16, 2020 by FXEmpire
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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 FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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