GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPUSD
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GBP/USD - 1H - Technical analysis published on 11/24/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.2858 USD
My targets
1.2822 USD (-0.09%)
1.2743 USD (-0.71%)
My analysis
The bearish trend is currently very strong for GBP/USD. As long as the price remains below the resistance at 1.2858 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.2822 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.2743 USD as an objective. Crossing it would then enable sellers to target 1.2493 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/USD rating is 1.2834 USD. On the day, this instrument lost -0.66% and was between 1.2824 USD and 1.2929 USD. This implies that the price is at +0.08% from its lowest and at -0.73% from its highest.

1.2824
1.2929
1.2834

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2493 1.2743 1.2822 1.2834 1.2858 1.2890 1.2929
Change (%) -2.66% -0.71% -0.09% - +0.19% +0.44% +0.74%
Change -0.0341 -0.0091 -0.0012 - +0.0024 +0.0056 +0.0095
Level Intermediate Intermediate Intermediate - Minor Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.28081.28501.28851.29271.29621.30041.3039
Camarilla1.28981.29051.29121.29191.29261.29331.2940
Woodie1.28041.28481.28811.29251.29581.30021.3035
Fibonacci1.28501.28801.28981.29271.29571.29751.3004


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.53711.54291.54931.55511.56151.56731.5737
Camarilla1.55251.55361.55471.55581.55691.55801.5592
Woodie1.53751.54311.54971.55531.56191.56751.5741
Fibonacci1.54291.54751.55041.55511.55971.56261.5673


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.16001.18981.24181.27161.32361.35341.4054
Camarilla1.27141.27891.28641.29391.30141.30891.3164
Woodie1.17121.19541.25301.27721.33481.35901.4166
Fibonacci1.18981.22101.24031.27161.30281.32211.3534

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): 29.60
MACD (12,26,9): -0.0023
Directional Movement: -21.9883
AROON (14): -71.4285
DEMA (21): 1.2835
Parabolic SAR (0,02-0,02-0,2): 1.2874
Elder Ray (13): -0.0019
Super Trend (3,10): 1.2876
Zig ZAG (10): 1.2834
VORTEX (21): 0.7212
Stochastique (14,3,5): 9.52
TEMA (21): 1.2822
Williams %R (14): -90.48
Chande Momentum Oscillator (20): -0.0039
Repulse (5,40,3): 0.0102
ROCnROLL: 2
TRIX (15,9): -0.0225
Courbe Coppock: 1.16
MA7: 1.2891
MA20: 1.2877
MA50: 1.2682
MA100: 1.2480
MAexp7: 1.2839
MAexp20: 1.2863
MAexp50: 1.2891
MAexp100: 1.2902
Price / MA7: -0.44%
Price / MA20: -0.33%
Price / MA50: +1.20%
Price / MA100: +2.84%
Price / MAexp7: -0.04%
Price / MAexp20: -0.23%
Price / MAexp50: -0.44%
Price / MAexp100: -0.53%

This member declared not having a position on this financial instrument or a related financial instrument.

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