GBP/USD - 15 min. - Technical analysis published on 06/05/2023 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.2480 USD
My targets
1.2376 USD (-0.0017)
1.2310 USD (-0.0083)
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 1.2480 USD. The next support located at 1.2376 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 1.2310 USD. Below this support, sellers could then target 1.2308 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by Dorontin2002. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.2393 USD. The price is lower by -0.48% since the last closing with the lowest point at 1.2388 USD and the highest point at 1.2459 USD. The deviation from the price is +0.04% for the low point and -0.53% for the high point.1.2388
1.2459
1.2393
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of GBP/USD indicates that the overall trend is strongly bearish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
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:
Near support of channel
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2037 | 1.2308 | 1.2334 | 1.2393 | 1.2395 | 1.2418 | 1.2446 |
| Change (%) | -2.87% | -0.69% | -0.48% | - | +0.02% | +0.20% | +0.43% |
| Change | -0.0356 | -0.0085 | -0.0059 | - | +0.0002 | +0.0025 | +0.0053 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Minor |
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 | 1.2310 | 1.2376 | 1.2414 | 1.2480 | 1.2518 | 1.2584 | 1.2622 |
| Camarilla | 1.2424 | 1.2434 | 1.2444 | 1.2453 | 1.2463 | 1.2472 | 1.2482 |
| Woodie | 1.2297 | 1.2369 | 1.2401 | 1.2473 | 1.2505 | 1.2577 | 1.2609 |
| Fibonacci | 1.2376 | 1.2415 | 1.2440 | 1.2480 | 1.2519 | 1.2544 | 1.2584 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2120 | 1.2224 | 1.2338 | 1.2442 | 1.2556 | 1.2660 | 1.2774 |
| Camarilla | 1.2393 | 1.2413 | 1.2433 | 1.2453 | 1.2473 | 1.2493 | 1.2513 |
| Woodie | 1.2126 | 1.2227 | 1.2344 | 1.2445 | 1.2562 | 1.2663 | 1.2780 |
| Fibonacci | 1.2224 | 1.2307 | 1.2358 | 1.2442 | 1.2525 | 1.2576 | 1.2660 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1903 | 1.2106 | 1.2275 | 1.2478 | 1.2647 | 1.2850 | 1.3019 |
| Camarilla | 1.2343 | 1.2377 | 1.2411 | 1.2445 | 1.2479 | 1.2513 | 1.2547 |
| Woodie | 1.1887 | 1.2098 | 1.2259 | 1.2470 | 1.2631 | 1.2842 | 1.3003 |
| Fibonacci | 1.2106 | 1.2248 | 1.2336 | 1.2478 | 1.2620 | 1.2708 | 1.2850 |
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): | 33.69 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -8.3610 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.2399 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2410 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.2423 | |
| Zig ZAG (10): | 1.2401 | |
| VORTEX (21): | 0.8436 | |
| Stochastique (14,3,5): | 29.44 | |
| TEMA (21): | 1.2398 | |
| Williams %R (14): | -54.55 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | 0.0597 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0094 | |
| Courbe Coppock: | 0.34 |
| MA7: | 1.2417 | |
| MA20: | 1.2451 | |
| MA50: | 1.2455 | |
| MA100: | 1.2303 | |
| MAexp7: | 1.2404 | |
| MAexp20: | 1.2410 | |
| MAexp50: | 1.2426 | |
| MAexp100: | 1.2446 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | +0.73% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.42% |
Quotes :
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Real time data
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Forex
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Forecast June 5, 2023
-
GBP/USD Technical Analysis for the Week of June 05, 2023 by FXEmpire
-
GBP/USD Forecast June 2, 2023
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GBP/USD Forecast June 1, 2023
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Trade of the Week: Long GBP/USD
This member declared not having a position on this financial instrument or a related financial instrument.
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