GBP/USD - 15 min. - Technical analysis published on 11/12/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Bearish
De fond:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 1.3171 USD
My targets
1.3048 USD (-0.0069)
1.2914 USD (-0.0203)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/USD as long as the price remains well below 1.3171 USD. The next bearish objective for sellers is set at 1.3048 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.2914 USD. If there is any crossing, the next objective would be the support located at 1.2855 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
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
3.8
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This analysis was given by Oshakati2018. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.3117 USD. The price registered a decrease of -0.80% on the session and was traded between 1.3106 USD and 1.3228 USD over the period. The price is currently at +0.08% from its lowest and -0.84% from its highest.1.3106
1.3228
1.3117
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 15 min. of this GBP/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
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 | 1.2855 | 1.2914 | 1.3053 | 1.3117 | 1.3140 | 1.3191 | 1.3279 |
| Change (%) | -2.00% | -1.55% | -0.49% | - | +0.18% | +0.56% | +1.24% |
| Change | -0.0262 | -0.0203 | -0.0064 | - | +0.0023 | +0.0074 | +0.0162 |
| 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): | 44.23 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | 0.6695 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 1.3110 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3110 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.3144 | |
| Zig ZAG (10): | 1.3118 | |
| VORTEX (21): | 0.8693 | |
| Stochastique (14,3,5): | 45.25 | |
| TEMA (21): | 1.3113 | |
| Williams %R (14): | -41.67 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | -0.0146 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0099 | |
| Courbe Coppock: | 0.04 |
| MA7: | 1.3147 | |
| MA20: | 1.3053 | |
| MA50: | 1.2972 | |
| MA100: | 1.2933 | |
| MAexp7: | 1.3118 | |
| MAexp20: | 1.3120 | |
| MAexp50: | 1.3139 | |
| MAexp100: | 1.3164 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +1.12% | |
| Price / MA100: | +1.42% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.36% |
Quotes :
2020-11-12 22:24:07
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Real time data
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Forex
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
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GBP/USD Technical Analysis for November 13, 2020 by FXEmpire
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GBP/USD Technical Analysis For November 12, 2020 By FX Empire
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GBP/USD Technical Analysis for November 12, 2020 by FXEmpire
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GBP/USD Technical Analysis For November 11, 2020 By FX Empire
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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.
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