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
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
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:
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:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.2808 | 1.2850 | 1.2885 | 1.2927 | 1.2962 | 1.3004 | 1.3039 |
Camarilla | 1.2898 | 1.2905 | 1.2912 | 1.2919 | 1.2926 | 1.2933 | 1.2940 |
Woodie | 1.2804 | 1.2848 | 1.2881 | 1.2925 | 1.2958 | 1.3002 | 1.3035 |
Fibonacci | 1.2850 | 1.2880 | 1.2898 | 1.2927 | 1.2957 | 1.2975 | 1.3004 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.5371 | 1.5429 | 1.5493 | 1.5551 | 1.5615 | 1.5673 | 1.5737 |
Camarilla | 1.5525 | 1.5536 | 1.5547 | 1.5558 | 1.5569 | 1.5580 | 1.5592 |
Woodie | 1.5375 | 1.5431 | 1.5497 | 1.5553 | 1.5619 | 1.5675 | 1.5741 |
Fibonacci | 1.5429 | 1.5475 | 1.5504 | 1.5551 | 1.5597 | 1.5626 | 1.5673 |
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 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% |
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
- GBP/USD Technical Analysis for November 25, 2019 by FXEmpire
- GBP/USD Technical Analysis for the week of November 25, 2019 by FXEmpire
- GBP/USD Technical Analysis for November 22, 2019 by FXEmpire
- GBP/USD Technical Analysis for November 21, 2019 by FXEmpire
- GBP/USD Technical Analysis for November 20, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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