GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPUSD
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GBP/USD - 15 min. - Technical analysis published on 10/25/2020 (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: Bullish
De fond: Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 1.3099 USD
My targets
1.3049 USD (-0.0005)
1.3019 USD (-0.0035)
My analysis
In a bearish trend, the price of GBP/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 1.3099 USD. A bearish break in the support located at 1.3049 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 1.3019 USD. Then 1.2969 USD by extension. It would be safer to wait for a bearish break in the support located at 1.3049 USD before allowing yourself to re trade short positions (for sale) on GBP/USD. PS: if there is a bullish break in the resistance located at 1.3099 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.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
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:
1H Daily Weekly

Additional analysis

Quotes

The GBP/USD price is 1.3054 USD. The price has increased by +0.05% since the last closing and was between 1.3036 USD and 1.3062 USD. This implies that the price is at +0.14% from its lowest and at -0.06% from its highest.

1.3036
1.3062
1.3054

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/USD in 15 min. shows an overall bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 15 minutes



In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes


Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2979 1.3026 1.3053 1.3054 1.3095 1.3123 1.3177
Change (%) -0.57% -0.21% -0.01% - +0.31% +0.53% +0.94%
Change -0.0075 -0.0028 -0.0001 - +0.0041 +0.0069 +0.0123
Level Minor Intermediate Major - Minor Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.29691.30191.30491.30991.31291.31791.3209
Camarilla1.30561.30631.30711.30781.30851.30931.3100
Woodie1.29581.30141.30381.30941.31181.31741.3198
Fibonacci1.30191.30501.30691.30991.31301.31491.3179


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.26021.27321.28231.29531.30441.31741.3265
Camarilla1.28531.28741.28941.29141.29341.29551.2975
Woodie1.25831.27221.28041.29431.30251.31641.3246
Fibonacci1.27321.28161.28691.29531.30371.30901.3174


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.17581.22171.25661.30251.33741.38331.4182
Camarilla1.26941.27681.28421.29161.29901.30641.3138
Woodie1.17041.21901.25121.29981.33201.38061.4128
Fibonacci1.22171.25251.27161.30251.33331.35241.3833

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): 55.28
MACD (12,26,9): -0.0002
Directional Movement: 10.0500
AROON (14): 50.0000
DEMA (21): 1.3036
Parabolic SAR (0,02-0,02-0,2): 1.3024
Elder Ray (13): 0.0004
Super Trend (3,10): 1.3056
Zig ZAG (10): 1.3048
VORTEX (21): 1.0000
Stochastique (14,3,5): 71.43
TEMA (21): 1.3041
Williams %R (14): -20.00
Chande Momentum Oscillator (20): 0.0022
Repulse (5,40,3): 0.0506
ROCnROLL: -1
TRIX (15,9): -0.0063
Courbe Coppock: 0.22
MA7: 1.2996
MA20: 1.2962
MA50: 1.3015
MA100: 1.2860
MAexp7: 1.3043
MAexp20: 1.3040
MAexp50: 1.3050
MAexp100: 1.3062
Price / MA7: +0.45%
Price / MA20: +0.71%
Price / MA50: +0.30%
Price / MA100: +1.51%
Price / MAexp7: +0.08%
Price / MAexp20: +0.11%
Price / MAexp50: +0.03%
Price / MAexp100: -0.06%

Quotes : 2020-10-25 22:39:20 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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