GBP/USD - 1H - Technical analysis published on 01/13/2020 (GMT)
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- Timeframe : 1H
- - 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:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 1.3013 USD
My targets
1.2895 USD (-0.0099)
1.2743 USD (-0.0251)
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 1.3013 USD. The next support located at 1.2895 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 1.2743 USD. Below this support, sellers could then target 1.2493 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
5.5
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This analysis was given by Frederico Pereira. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.2994 USD. The price registered a decrease of -0.49% on the session with the lowest point at 1.2961 USD and the highest point at 1.3045 USD. The deviation from the price is +0.25% for the low point and -0.39% for the high point.1.2961
1.3045
1.2994
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.2212 | 1.2493 | 1.2743 | 1.2994 | 1.3013 | 1.3044 | 1.3096 |
| Change (%) | -6.02% | -3.86% | -1.93% | - | +0.15% | +0.38% | +0.78% |
| Change | -0.0782 | -0.0501 | -0.0251 | - | +0.0019 | +0.0050 | +0.0102 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Major |
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 | 1.2979 | 1.3011 | 1.3034 | 1.3066 | 1.3089 | 1.3121 | 1.3144 |
| Camarilla | 1.3043 | 1.3048 | 1.3053 | 1.3058 | 1.3063 | 1.3068 | 1.3073 |
| Woodie | 1.2976 | 1.3009 | 1.3031 | 1.3064 | 1.3086 | 1.3119 | 1.3141 |
| Fibonacci | 1.3011 | 1.3032 | 1.3045 | 1.3066 | 1.3087 | 1.3100 | 1.3121 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2778 | 1.2895 | 1.2977 | 1.3094 | 1.3176 | 1.3293 | 1.3375 |
| Camarilla | 1.3003 | 1.3022 | 1.3040 | 1.3058 | 1.3076 | 1.3095 | 1.3113 |
| Woodie | 1.2760 | 1.2886 | 1.2959 | 1.3085 | 1.3158 | 1.3284 | 1.3357 |
| Fibonacci | 1.2895 | 1.2971 | 1.3018 | 1.3094 | 1.3170 | 1.3217 | 1.3293 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2314 | 1.2605 | 1.2933 | 1.3224 | 1.3552 | 1.3843 | 1.4171 |
| Camarilla | 1.3091 | 1.3148 | 1.3204 | 1.3261 | 1.3318 | 1.3375 | 1.3431 |
| Woodie | 1.2333 | 1.2614 | 1.2952 | 1.3233 | 1.3571 | 1.3852 | 1.4190 |
| Fibonacci | 1.2605 | 1.2842 | 1.2988 | 1.3224 | 1.3461 | 1.3607 | 1.3843 |
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): | 43.14 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -10.0644 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.2981 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2962 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.3031 | |
| Zig ZAG (10): | 1.2996 | |
| VORTEX (21): | 0.8975 | |
| Stochastique (14,3,5): | 38.40 | |
| TEMA (21): | 1.2977 | |
| Williams %R (14): | -55.26 | |
| Chande Momentum Oscillator (20): | -0.0033 | |
| Repulse (5,40,3): | 0.0664 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0211 | |
| Courbe Coppock: | 0.73 |
| MA7: | 1.3085 | |
| MA20: | 1.3076 | |
| MA50: | 1.3024 | |
| MA100: | 1.2764 | |
| MAexp7: | 1.2989 | |
| MAexp20: | 1.3004 | |
| MAexp50: | 1.3033 | |
| MAexp100: | 1.3061 | |
| Price / MA7: | -0.70% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | -0.23% | |
| Price / MA100: | +1.80% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.51% |
News
Don"t forget to follow the news on GBP/USD. At the time of publication of this analysis, the latest news was as follows:
-
GBP/USD Technical Analysis for January 14, 2020 by FXEmpire
-
GBP/USD Technical Analysis for the week of January 13, 2020 by FXEmpire
-
GBP/USD Technical Analysis for January 13, 2020 by FXEmpire
-
GBP/USD Technical Analysis for January 09, 2020 by FXEmpire
-
GBP/USD Technical Analysis for January 08, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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