GBP/USD - 1H - Technical analysis published on 11/12/2020 (GMT)
- 110
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.3140 USD
My targets
1.3053 USD (-0.0067)
1.2914 USD (-0.0206)
My analysis
GBP/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.3140 USD. The next support located at 1.3053 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.2914 USD. Below this support, sellers could then target 1.2855 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.6
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 Oshakati2018. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.3120 USD. On the day, this instrument lost -0.78% and was between 1.3106 USD and 1.3228 USD. This implies that the price is at +0.11% from its lowest and at -0.82% from its highest.1.3106
1.3228
1.3120
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 GBP/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong 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 decline is moderate given the direction of the technical indicators.
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 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.2855 | 1.2914 | 1.3053 | 1.3120 | 1.3140 | 1.3191 | 1.3279 |
| Change (%) | -2.02% | -1.57% | -0.51% | - | +0.15% | +0.54% | +1.21% |
| Change | -0.0265 | -0.0206 | -0.0067 | - | +0.0020 | +0.0071 | +0.0159 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3048 | 1.3120 | 1.3171 | 1.3243 | 1.3294 | 1.3366 | 1.3417 |
| Camarilla | 1.3189 | 1.3200 | 1.3212 | 1.3223 | 1.3234 | 1.3246 | 1.3257 |
| Woodie | 1.3039 | 1.3115 | 1.3162 | 1.3238 | 1.3285 | 1.3361 | 1.3408 |
| Fibonacci | 1.3120 | 1.3167 | 1.3196 | 1.3243 | 1.3290 | 1.3319 | 1.3366 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2624 | 1.2739 | 1.2946 | 1.3061 | 1.3268 | 1.3383 | 1.3590 |
| Camarilla | 1.3063 | 1.3093 | 1.3123 | 1.3152 | 1.3182 | 1.3211 | 1.3241 |
| Woodie | 1.2669 | 1.2762 | 1.2991 | 1.3084 | 1.3313 | 1.3406 | 1.3635 |
| Fibonacci | 1.2739 | 1.2862 | 1.2938 | 1.3061 | 1.3184 | 1.3260 | 1.3383 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2427 | 1.2624 | 1.2784 | 1.2981 | 1.3141 | 1.3338 | 1.3498 |
| Camarilla | 1.2847 | 1.2880 | 1.2912 | 1.2945 | 1.2978 | 1.3011 | 1.3043 |
| Woodie | 1.2410 | 1.2615 | 1.2767 | 1.2972 | 1.3124 | 1.3329 | 1.3481 |
| Fibonacci | 1.2624 | 1.2760 | 1.2844 | 1.2981 | 1.3117 | 1.3201 | 1.3338 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.34 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -13.9292 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.3118 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3153 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 1.3188 | |
| Zig ZAG (10): | 1.3117 | |
| VORTEX (21): | 0.7898 | |
| Stochastique (14,3,5): | 12.06 | |
| TEMA (21): | 1.3105 | |
| Williams %R (14): | -85.11 | |
| Chande Momentum Oscillator (20): | -0.0069 | |
| Repulse (5,40,3): | -0.0529 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0267 | |
| Courbe Coppock: | 1.02 |
| MA7: | 1.3147 | |
| MA20: | 1.3053 | |
| MA50: | 1.2972 | |
| MA100: | 1.2933 | |
| MAexp7: | 1.3125 | |
| MAexp20: | 1.3152 | |
| MAexp50: | 1.3182 | |
| MAexp100: | 1.3175 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | +1.14% | |
| Price / MA100: | +1.45% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.47% | |
| Price / MAexp100: | -0.42% |
Quotes :
2020-11-12 22:22:57
-
Real time data
-
Forex
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Technical Analysis for November 13, 2020 by FXEmpire
-
GBP/USD Technical Analysis For November 12, 2020 By FX Empire
-
GBP/USD Technical Analysis for November 12, 2020 by FXEmpire
-
GBP/USD Technical Analysis For November 11, 2020 By FX Empire
-
GBP/USD Technical Analysis for November 11, 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 - 1H