GBP/USD - 1H - Technical analysis published on 02/09/2020 (GMT)
- Who voted?
- 236
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.2921 USD
My targets
1.2816 USD (-0.0075)
1.2743 USD (-0.0148)
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 1.2921 USD. The next support located at 1.2816 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 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
7.3
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 Frederico Pereira. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.2891 USD. On the day, this instrument lost +0.05% and was traded between 1.2887 USD and 1.2892 USD over the period. The price is currently at +0.03% from its lowest and -0.01% from its highest.1.2887
1.2892
1.2891
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
Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
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 | 1.2212 | 1.2493 | 1.2743 | 1.2891 | 1.2921 | 1.3044 | 1.3070 |
| Change (%) | -5.27% | -3.09% | -1.15% | - | +0.23% | +1.19% | +1.39% |
| Change | -0.0679 | -0.0398 | -0.0148 | - | +0.0030 | +0.0153 | +0.0179 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | 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 | 1.2823 | 1.2872 | 1.2901 | 1.2950 | 1.2979 | 1.3028 | 1.3057 |
| Camarilla | 1.2909 | 1.2916 | 1.2923 | 1.2930 | 1.2937 | 1.2944 | 1.2952 |
| Woodie | 1.2813 | 1.2867 | 1.2891 | 1.2945 | 1.2969 | 1.3023 | 1.3047 |
| Fibonacci | 1.2872 | 1.2902 | 1.2920 | 1.2950 | 1.2980 | 1.2998 | 1.3028 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2816 | 1.2895 | 1.3051 | 1.3130 | 1.3286 | 1.3365 | 1.3521 |
| Camarilla | 1.3141 | 1.3163 | 1.3185 | 1.3206 | 1.3228 | 1.3249 | 1.3271 |
| Woodie | 1.2854 | 1.2914 | 1.3089 | 1.3149 | 1.3324 | 1.3384 | 1.3559 |
| Fibonacci | 1.2895 | 1.2985 | 1.3041 | 1.3130 | 1.3220 | 1.3276 | 1.3365 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2693 | 1.2823 | 1.3015 | 1.3145 | 1.3337 | 1.3467 | 1.3659 |
| Camarilla | 1.3117 | 1.3147 | 1.3177 | 1.3206 | 1.3236 | 1.3265 | 1.3295 |
| Woodie | 1.2723 | 1.2839 | 1.3045 | 1.3161 | 1.3367 | 1.3483 | 1.3689 |
| Fibonacci | 1.2823 | 1.2946 | 1.3022 | 1.3145 | 1.3268 | 1.3344 | 1.3467 |
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): | 30.01 | |
| MACD (12,26,9): | -0.0016 | |
| Directional Movement: | -19.8523 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.2898 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2936 | |
| Elder Ray (13): | -0.0025 | |
| Super Trend (3,10): | 1.2932 | |
| Zig ZAG (10): | 1.2885 | |
| VORTEX (21): | 0.8571 | |
| Stochastique (14,3,5): | 2.62 | |
| TEMA (21): | 1.2894 | |
| Williams %R (14): | -96.10 | |
| Chande Momentum Oscillator (20): | -0.0044 | |
| Repulse (5,40,3): | -0.1414 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0125 | |
| Courbe Coppock: | 0.55 |
| MA7: | 1.3018 | |
| MA20: | 1.3038 | |
| MA50: | 1.3083 | |
| MA100: | 1.2900 | |
| MAexp7: | 1.2898 | |
| MAexp20: | 1.2918 | |
| MAexp50: | 1.2945 | |
| MAexp100: | 1.2977 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | -1.47% | |
| Price / MA100: | -0.07% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.66% |
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
-
GBP/USD Technical Analysis for February 10, 2020 by FXEmpire
-
GBP/USD Technical Analysis for the week of February 10, 2020 by FXEmpire
-
GBP/USD Technical Analysis for February 07, 2020 by FXEmpire
-
GBP/USD Technical Analysis for February 06, 2020 by FXEmpire
-
GBP/USD Technical Analysis for February 05, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis GBP/USD - 1H