GBP/USD - 1H - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 1.2875 USD
My targets
1.2837 USD (-0.02%)
1.2815 USD (-0.19%)
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 1.2875 USD. The next support located at 1.2837 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 1.2815 USD. Below this support, sellers could then target 1.2794 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
4.5
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.2839 USD. The price registered a decrease of -0.09% on the session and was traded between 1.2823 USD and 1.2859 USD over the period. The price is currently at +0.12% from its lowest and -0.16% from its highest.1.2823
1.2859
1.2839
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/USD chart shows a bearish trend. 64.29% 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.
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.2794 | 1.2815 | 1.2837 | 1.2839 | 1.2875 | 1.2897 | 1.2939 |
| Change (%) | -0.35% | -0.19% | -0.02% | - | +0.28% | +0.45% | +0.78% |
| Change | -0.0045 | -0.0024 | -0.0002 | - | +0.0036 | +0.0058 | +0.0100 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Major |
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 | 1.2760 | 1.2788 | 1.2819 | 1.2847 | 1.2878 | 1.2906 | 1.2937 |
| Camarilla | 1.2835 | 1.2840 | 1.2846 | 1.2851 | 1.2856 | 1.2862 | 1.2867 |
| Woodie | 1.2763 | 1.2789 | 1.2822 | 1.2848 | 1.2881 | 1.2907 | 1.2940 |
| Fibonacci | 1.2788 | 1.2810 | 1.2824 | 1.2847 | 1.2869 | 1.2883 | 1.2906 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2542 | 1.2655 | 1.2716 | 1.2829 | 1.2890 | 1.3003 | 1.3064 |
| Camarilla | 1.2728 | 1.2744 | 1.2760 | 1.2776 | 1.2792 | 1.2808 | 1.2824 |
| Woodie | 1.2515 | 1.2642 | 1.2689 | 1.2816 | 1.2863 | 1.2990 | 1.3037 |
| Fibonacci | 1.2655 | 1.2722 | 1.2763 | 1.2829 | 1.2896 | 1.2937 | 1.3003 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1600 | 1.1898 | 1.2418 | 1.2716 | 1.3236 | 1.3534 | 1.4054 |
| Camarilla | 1.2714 | 1.2789 | 1.2864 | 1.2939 | 1.3014 | 1.3089 | 1.3164 |
| Woodie | 1.1712 | 1.1954 | 1.2530 | 1.2772 | 1.3348 | 1.3590 | 1.4166 |
| Fibonacci | 1.1898 | 1.2210 | 1.2403 | 1.2716 | 1.3028 | 1.3221 | 1.3534 |
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): | 47.29 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -8.0705 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.2846 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2866 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 1.2873 | |
| Zig ZAG (10): | 1.2841 | |
| VORTEX (21): | 0.9827 | |
| Stochastique (14,3,5): | 37.96 | |
| TEMA (21): | 1.2842 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | 0.0365 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0005 | |
| Courbe Coppock: | 0.10 |
| MA7: | 1.2840 | |
| MA20: | 1.2877 | |
| MA50: | 1.2597 | |
| MA100: | 1.2457 | |
| MAexp7: | 1.2844 | |
| MAexp20: | 1.2847 | |
| MAexp50: | 1.2844 | |
| MAexp100: | 1.2844 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -0.30% | |
| Price / MA50: | +1.92% | |
| Price / MA100: | +3.07% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.04% |
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Technical Analysis for November 13, 2019 by FXEmpire
-
GBP/USD Technical Analysis for November 12, 2019 by FXEmpire
-
GBP/USD Technical Analysis for November 11, 2019 by FXEmpire
-
GBP/USD Technical Analysis for the week of November 11, 2019 by FXEmpire
-
US Dollar Breaks Out, USD Price Action Setups: GBP/USD, USD/CAD
This member declared not having a position on this financial instrument or a related financial instrument.
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