GBP/USD - 15 min. - Technical analysis published on 12/07/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 1.3387 USD
My targets
1.3258 USD (-0.0030)
1.3169 USD (-0.0119)
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 1.3387 USD. The sellers” bearish objective is set at 1.3258 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3169 USD. In case of crossing, the next objective would be the support located at 1.3053 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.2
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.3288 USD. The price is lower by -1.12% since the last closing with the lowest point at 1.3286 USD and the highest point at 1.3438 USD. The deviation from the price is +0.02% for the low point and -1.12% for the high point.1.3286
1.3438
1.3288
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2704 | 1.3053 | 1.3287 | 1.3288 | 1.3316 | 1.3383 | 1.3410 |
| Change (%) | -4.39% | -1.77% | -0.01% | - | +0.21% | +0.71% | +0.92% |
| Change | -0.0584 | -0.0235 | -0.0001 | - | +0.0028 | +0.0095 | +0.0122 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3258 | 1.3334 | 1.3387 | 1.3463 | 1.3516 | 1.3592 | 1.3645 |
| Camarilla | 1.3404 | 1.3415 | 1.3427 | 1.3439 | 1.3451 | 1.3463 | 1.3475 |
| Woodie | 1.3246 | 1.3328 | 1.3375 | 1.3457 | 1.3504 | 1.3586 | 1.3633 |
| Fibonacci | 1.3334 | 1.3384 | 1.3414 | 1.3463 | 1.3513 | 1.3543 | 1.3592 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3051 | 1.3169 | 1.3304 | 1.3422 | 1.3557 | 1.3675 | 1.3810 |
| Camarilla | 1.3369 | 1.3393 | 1.3416 | 1.3439 | 1.3462 | 1.3485 | 1.3509 |
| Woodie | 1.3060 | 1.3173 | 1.3313 | 1.3426 | 1.3566 | 1.3679 | 1.3819 |
| Fibonacci | 1.3169 | 1.3266 | 1.3325 | 1.3422 | 1.3519 | 1.3578 | 1.3675 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2452 | 1.2653 | 1.2995 | 1.3196 | 1.3538 | 1.3739 | 1.4081 |
| Camarilla | 1.3187 | 1.3237 | 1.3286 | 1.3336 | 1.3386 | 1.3436 | 1.3485 |
| Woodie | 1.2522 | 1.2688 | 1.3065 | 1.3231 | 1.3608 | 1.3774 | 1.4151 |
| Fibonacci | 1.2653 | 1.2861 | 1.2989 | 1.3196 | 1.3404 | 1.3532 | 1.3739 |
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): | 14.92 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -46.2498 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.3378 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3395 | |
| Elder Ray (13): | -0.0045 | |
| Super Trend (3,10): | 1.3390 | |
| Zig ZAG (10): | 1.3306 | |
| VORTEX (21): | 0.4893 | |
| Stochastique (14,3,5): | 9.17 | |
| TEMA (21): | 1.3342 | |
| Williams %R (14): | -89.83 | |
| Chande Momentum Oscillator (20): | -0.0048 | |
| Repulse (5,40,3): | -0.1317 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0066 | |
| Courbe Coppock: | 0.50 |
| MA7: | 1.3387 | |
| MA20: | 1.3308 | |
| MA50: | 1.3118 | |
| MA100: | 1.3071 | |
| MAexp7: | 1.3390 | |
| MAexp20: | 1.3400 | |
| MAexp50: | 1.3418 | |
| MAexp100: | 1.3430 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | -0.15% | |
| Price / MA50: | +1.30% | |
| Price / MA100: | +1.66% | |
| Price / MAexp7: | -0.76% | |
| Price / MAexp20: | -0.84% | |
| Price / MAexp50: | -0.97% | |
| Price / MAexp100: | -1.06% |
Quotes :
2020-12-07 08:16:48
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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:
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GBP/USD Technical Analysis For December 7, 2020 By FX Empire
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GBP/USD Technical Analysis for the Week of December 7, 2020 by FXEmpire
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GBP/USD Technical Analysis for December 7, 2020 by FXEmpire
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GBP/USD Technical Analysis For December 4, 2020 By FX Empire
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GBP/USD Technical Analysis for December 4, 2020 by FXEmpire
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