GBP/USD - Daily - Technical analysis published on 01/15/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
11%
50%
39%
My opinion
Bullish above 1.2743 USD
My targets
1.3317 USD (+0.0294)
1.3473 USD (+0.0450)
My analysis
With a bullish background trend, the price of GBP/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 1.2743 USD. A bullish break in the resistance located at 1.3317 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 1.3473 USD. Then by extension. It would be safer to wait for a bullish break in the resistance located at 1.3317 USD before allowing yourself to re trade long positions (at purchase) on GBP/USD. PS: if there is a bearish break in the support located at 1.2743 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
0.2
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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
GBP/USD rating 1.3023 USD. On the day, this instrument gained +0.02% with the lowest point at 1.3021 USD and the highest point at 1.3024 USD. The deviation from the price is +0.02% for the low point and -0.01% for the high point.1.3021
1.3024
1.3023
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GBP/USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2212 | 1.2493 | 1.2743 | 1.3023 | 1.3044 | 1.3317 | 1.3473 |
| Change (%) | -6.23% | -4.07% | -2.15% | - | +0.16% | +2.26% | +3.46% |
| Change | -0.0811 | -0.0530 | -0.0280 | - | +0.0021 | +0.0294 | +0.0450 |
| Level | Minor | Intermediate | Intermediate | - | Major | Major | Minor |
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 | 1.2893 | 1.2924 | 1.2972 | 1.3003 | 1.3051 | 1.3082 | 1.3130 |
| Camarilla | 1.2963 | 1.2971 | 1.2978 | 1.2986 | 1.2994 | 1.3001 | 1.3043 |
| Woodie | 1.2860 | 1.2911 | 1.2944 | 1.2995 | 1.3028 | 1.3079 | 1.3112 |
| Fibonacci | 1.2913 | 1.2945 | 1.2965 | 1.2997 | 1.3029 | 1.3049 | 1.3081 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.63 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -5.6806 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.3095 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3278 | |
| Elder Ray (13): | -0.0084 | |
| Super Trend (3,10): | 1.3300 | |
| Zig ZAG (10): | 1.3021 | |
| VORTEX (21): | 0.8556 | |
| Stochastique (14,3,5): | 23.09 | |
| TEMA (21): | 1.3052 | |
| Williams %R (14): | -79.39 | |
| Chande Momentum Oscillator (20): | -0.0061 | |
| Repulse (5,40,3): | -0.0386 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0237 | |
| Courbe Coppock: | 0.64 |
| MA7: | 1.3053 | |
| MA20: | 1.3068 | |
| MA50: | 1.3030 | |
| MA100: | 1.2779 | |
| MAexp7: | 1.3049 | |
| MAexp20: | 1.3074 | |
| MAexp50: | 1.3004 | |
| MAexp100: | 1.2875 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | -0.05% | |
| Price / MA100: | +1.91% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +1.15% |
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 15, 2020 by FXEmpire
-
GBP/USD Technical Analysis for January 14, 2020 by FXEmpire
-
Weekly Technical Analysis: 13/01/2020 - USDJPY, GBPUSD, NZDUSD
-
GBP/USD Technical Analysis for the week of January 13, 2020 by FXEmpire
-
GBP/USD Technical Analysis for January 13, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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