GBP/USD - 15 min. - Technical analysis published on 09/20/2019 (GMT)
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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:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.2507 USD
My targets
1.2454 USD (-0.28%)
1.2385 USD (-0.83%)
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 1.2507 USD. The sellers” bearish objective is set at 1.2454 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.2385 USD. In case of crossing, the next objective would be the support located at 1.2332 USD.
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
5.9
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2489 USD. On the day, this instrument lost -0.27% and was traded between 1.2463 USD and 1.2582 USD over the period. The price is currently at +0.21% from its lowest and -0.74% from its highest.1.2463
1.2582
1.2489
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this GBP/USD chart shows a bearish trend. 75% of the signals given by moving averages are bearish. The overall trend is reinforced 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.
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
Support of triangle is broken
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2283 | 1.2341 | 1.2438 | 1.2489 | 1.2493 | 1.2527 | 1.2560 |
| Change (%) | -1.65% | -1.19% | -0.41% | - | +0.03% | +0.30% | +0.57% |
| Change | -0.0206 | -0.0148 | -0.0051 | - | +0.0004 | +0.0038 | +0.0071 |
| Level | Major | Minor | Intermediate | - | Major | 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 | 1.2332 | 1.2385 | 1.2454 | 1.2507 | 1.2576 | 1.2629 | 1.2698 |
| Camarilla | 1.2490 | 1.2501 | 1.2512 | 1.2523 | 1.2534 | 1.2545 | 1.2557 |
| Woodie | 1.2340 | 1.2389 | 1.2462 | 1.2511 | 1.2584 | 1.2633 | 1.2706 |
| Fibonacci | 1.2385 | 1.2432 | 1.2460 | 1.2507 | 1.2554 | 1.2582 | 1.2629 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2050 | 1.2141 | 1.2323 | 1.2414 | 1.2596 | 1.2687 | 1.2869 |
| Camarilla | 1.2429 | 1.2454 | 1.2479 | 1.2504 | 1.2529 | 1.2554 | 1.2579 |
| Woodie | 1.2095 | 1.2164 | 1.2368 | 1.2437 | 1.2641 | 1.2710 | 1.2914 |
| Fibonacci | 1.2141 | 1.2246 | 1.2310 | 1.2414 | 1.2519 | 1.2583 | 1.2687 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1718 | 1.1866 | 1.2013 | 1.2161 | 1.2308 | 1.2456 | 1.2603 |
| Camarilla | 1.2078 | 1.2105 | 1.2132 | 1.2159 | 1.2186 | 1.2213 | 1.2240 |
| Woodie | 1.1717 | 1.1866 | 1.2012 | 1.2161 | 1.2307 | 1.2456 | 1.2602 |
| Fibonacci | 1.1866 | 1.1979 | 1.2049 | 1.2161 | 1.2274 | 1.2344 | 1.2456 |
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): | 31.05 | |
| MACD (12,26,9): | -0.0016 | |
| Directional Movement: | -28.6892 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.2491 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2497 | |
| Elder Ray (13): | -0.0021 | |
| Super Trend (3,10): | 1.2529 | |
| Zig ZAG (10): | 1.2486 | |
| VORTEX (21): | 0.7529 | |
| Stochastique (14,3,5): | 26.07 | |
| TEMA (21): | 1.2480 | |
| Williams %R (14): | -67.90 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | 0.0786 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0153 | |
| Courbe Coppock: | 0.74 |
| MA7: | 1.2463 | |
| MA20: | 1.2318 | |
| MA50: | 1.2277 | |
| MA100: | 1.2490 | |
| MAexp7: | 1.2493 | |
| MAexp20: | 1.2511 | |
| MAexp50: | 1.2525 | |
| MAexp100: | 1.2521 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +1.39% | |
| Price / MA50: | +1.73% | |
| Price / MA100: | -0.01% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.26% |
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
-
GBP/USD Technical Analysis for September 20, 2019 by FXEmpire
-
GBP/USD Technical Analysis for September 18, 2019 by FXEmpire
-
GBP/USD Technical Analysis for September 17, 2019 by FXEmpire
-
GBP/USD Technical Analysis for September 16, 2019 by FXEmpire
-
GBP/USD Technical Analysis for September 13, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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