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
39%
50%
11%
My opinion
Bearish under 1.3304 USD
My targets
1.3258 USD (-0.0011)
1.3169 USD (-0.0100)
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 1.3304 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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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 1.3269 USD. The price registered a decrease of -1.27% on the session with the lowest point at 1.3225 USD and the highest point at 1.3438 USD. The deviation from the price is +0.33% for the low point and -1.26% for the high point.1.3225
1.3438
1.3269
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
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
A technical analysis in 15 min. of this GBP/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
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 | 1.2306 | 1.2704 | 1.3053 | 1.3269 | 1.3287 | 1.3316 | 1.3383 |
| Change (%) | -7.26% | -4.26% | -1.63% | - | +0.14% | +0.35% | +0.86% |
| Change | -0.0963 | -0.0565 | -0.0216 | - | +0.0018 | +0.0047 | +0.0114 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | 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 | 1.3258 | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 27.38 | |
| MACD (12,26,9): | -0.0044 | |
| Directional Movement: | -25.8734 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.3259 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3273 | |
| Elder Ray (13): | -0.0026 | |
| Super Trend (3,10): | 1.3299 | |
| Zig ZAG (10): | 1.3266 | |
| VORTEX (21): | 0.6327 | |
| Stochastique (14,3,5): | 21.10 | |
| TEMA (21): | 1.3236 | |
| Williams %R (14): | -83.77 | |
| Chande Momentum Oscillator (20): | -0.0155 | |
| Repulse (5,40,3): | 0.0427 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0370 | |
| Courbe Coppock: | 2.26 |
| MA7: | 1.3370 | |
| MA20: | 1.3304 | |
| MA50: | 1.3116 | |
| MA100: | 1.3070 | |
| MAexp7: | 1.3267 | |
| MAexp20: | 1.3313 | |
| MAexp50: | 1.3368 | |
| MAexp100: | 1.3401 | |
| Price / MA7: | -0.76% | |
| Price / MA20: | -0.26% | |
| Price / MA50: | +1.17% | |
| Price / MA100: | +1.52% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.74% | |
| Price / MAexp100: | -0.99% |
Quotes :
2020-12-07 10:23:59
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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 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 FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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