GBP/USD - 1H - Technical analysis published on 03/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 1.1815 USD
My targets
1.1460 USD (-0.0172)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.1815 USD remains possible. It is advisable to trade GBP/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.1815 USD. The next bearish objective for sellers is set at 1.1460 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 1.1815 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish 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
0.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.1632 USD. The price registered a decrease of +0.22% on the session and was traded between 1.1506 USD and 1.1715 USD over the period. The price is currently at +1.10% from its lowest and -0.71% from its highest.1.1506
1.1715
1.1632
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.1460 | 1.1632 | 1.2035 | 1.2212 | 1.2493 |
| Change (%) | -1.48% | - | +3.46% | +4.99% | +7.40% |
| Change | -0.0172 | - | +0.0403 | +0.0580 | +0.0861 |
| Level | Intermediate | - | Major | Intermediate | 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 | 1.0952 | 1.1215 | 1.1410 | 1.1673 | 1.1868 | 1.2131 | 1.2326 |
| Camarilla | 1.1480 | 1.1522 | 1.1564 | 1.1606 | 1.1648 | 1.1690 | 1.1732 |
| Woodie | 1.0919 | 1.1198 | 1.1377 | 1.1656 | 1.1835 | 1.2114 | 1.2293 |
| Fibonacci | 1.1215 | 1.1390 | 1.1498 | 1.1673 | 1.1848 | 1.1956 | 1.2131 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0186 | 1.0799 | 1.1202 | 1.1815 | 1.2218 | 1.2831 | 1.3234 |
| Camarilla | 1.1327 | 1.1420 | 1.1513 | 1.1606 | 1.1699 | 1.1792 | 1.1885 |
| Woodie | 1.0082 | 1.0747 | 1.1098 | 1.1763 | 1.2114 | 1.2779 | 1.3130 |
| Fibonacci | 1.0799 | 1.1187 | 1.1427 | 1.1815 | 1.2203 | 1.2443 | 1.2831 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2177 | 1.2452 | 1.2635 | 1.2910 | 1.3093 | 1.3368 | 1.3551 |
| Camarilla | 1.2693 | 1.2735 | 1.2777 | 1.2819 | 1.2861 | 1.2903 | 1.2945 |
| Woodie | 1.2132 | 1.2429 | 1.2590 | 1.2887 | 1.3048 | 1.3345 | 1.3506 |
| Fibonacci | 1.2452 | 1.2627 | 1.2735 | 1.2910 | 1.3085 | 1.3193 | 1.3368 |
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): | 49.88 | |
| MACD (12,26,9): | -0.0016 | |
| Directional Movement: | -2.1764 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.1612 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.1683 | |
| Elder Ray (13): | 0.0013 | |
| Super Trend (3,10): | 1.1740 | |
| Zig ZAG (10): | 1.1625 | |
| VORTEX (21): | 0.9643 | |
| Stochastique (14,3,5): | 42.11 | |
| TEMA (21): | 1.1602 | |
| Williams %R (14): | -41.15 | |
| Chande Momentum Oscillator (20): | 0.0012 | |
| Repulse (5,40,3): | 0.4399 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0126 | |
| Courbe Coppock: | 0.11 |
| MA7: | 1.1859 | |
| MA20: | 1.2523 | |
| MA50: | 1.2817 | |
| MA100: | 1.2920 | |
| MAexp7: | 1.1611 | |
| MAexp20: | 1.1630 | |
| MAexp50: | 1.1662 | |
| MAexp100: | 1.1785 | |
| Price / MA7: | -1.91% | |
| Price / MA20: | -7.11% | |
| Price / MA50: | -9.25% | |
| Price / MA100: | -9.97% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -1.30% |
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
-
GBP/USD Technical Analysis For March 23, 2020 By FX Empire
-
GBP/USD Technical Analysis for the week of March 23, 2020 by FXEmpire
-
GBP/USD Technical Analysis for March 20, 2020 by FXEmpire
-
GBP/USD Technical Analysis for March 19, 2020 by FXEmpire
-
GBP/USD Technical Analysis for March 18, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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