GBP/USD - 15 min. - Technical analysis published on 10/16/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.2852 USD
My targets
1.2992 USD (+0.0049)
1.3081 USD (+0.0138)
My analysis
GBP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.2852 USD. The next resistance located at 1.2992 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.3081 USD. After this resistance, buyers could then target 1.3132 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
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
The GBP/USD price is 1.2943 USD. The price has increased by +0.31% since the last closing and was traded between 1.2862 USD and 1.2963 USD over the period. The price is currently at +0.63% from its lowest and -0.15% from its highest.1.2862
1.2963
1.2943
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
Technical analysis of this 15 min. chart of GBP/USD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
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
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 | 1.2943 | 1.2971 | 1.3006 | 1.3053 |
| Change (%) | -0.62% | -0.40% | -0.10% | - | +0.22% | +0.49% | +0.85% |
| Change | -0.0080 | -0.0052 | -0.0013 | - | +0.0028 | +0.0063 | +0.0110 |
| Level | Minor | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
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 | 1.2712 | 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): | 55.00 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | -3.8225 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 1.2925 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2862 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 1.2974 | |
| Zig ZAG (10): | 1.2941 | |
| VORTEX (21): | 1.1383 | |
| Stochastique (14,3,5): | 88.24 | |
| TEMA (21): | 1.2928 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.0051 | |
| Repulse (5,40,3): | 0.1942 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0017 | |
| Courbe Coppock: | 0.28 |
| MA7: | 1.2978 | |
| MA20: | 1.2894 | |
| MA50: | 1.3019 | |
| MA100: | 1.2838 | |
| MAexp7: | 1.2928 | |
| MAexp20: | 1.2920 | |
| MAexp50: | 1.2916 | |
| MAexp100: | 1.2920 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | +0.38% | |
| Price / MA50: | -0.58% | |
| Price / MA100: | +0.82% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.18% |
Quotes :
2020-10-16 16:16:26
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Real time data
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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 the Week of October 19, 2020 by FXEmpire
-
GBP/USD Technical Analysis for October 19, 2020 by FXEmpire
-
GBP/USD Technical Analysis For October 16, 2020 By FX Empire
-
GBP/USD Technical Analysis for October 16, 2020 by FXEmpire
-
GBP/USD Technical Analysis For October 15, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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