Idea GBP/USD - 1H

-MY ANALYSIS
All items being clearly bearish, it would be possible for traders to trade only short positions (on sale) on GBP / USD as long as the price remains well below 1.2095 USD. The bearish objective of the sellers is set at 1.2079 USD. A bearish breakout of this support would boost the bearish momentum. The sellers could then aim for support at 1.2039 USD. Beware, however, of the bearish excesses that could lead to a short-term correction; But this possible correction will not be treatable.
-MY OPINION
DOWN BELOW 1.2095 USD
-MY GOALS
1.2039 USD (-0.41%)
-Cotations
The price of GBP / USD is 1.2088 USD. The stock price has been down -0.45% since the last close with a low of 1.2079 USD and a high of 1.2148 USD. The spread relative to the price is + 0.07% for the low point and -0.49% for the high point.
-Technical
The 1H technical analysis of this GBP / USD chart highlights a strongly bearish trend. Signals returned by moving averages are at 92.86% bearish. This strong downtrend is confirmed by strong signals currently offered by short-term moving averages. There is no moving average crossing through the course or crossing of moving averages between them.
RSI (14): 26.88
MACD (12,26,9): -0.0009
Directional Movement: -23.4945
AROON (14): -92.8571
DEMA (21): 1.2120
Parabolic SAR (0,02-0,02-0,2): 1.2148
Elder Ray (13): -0.0031
Super Trend (3,10): 1.2151
Zig ZAG (10): 1.2096
VORTEX (21): 0.9220
Stochastique (14,3,5): 35.07
TEMA (21): 1.2115
Williams %R (14): -79.17
Chande Momentum Oscillator (20): -0.0046
Repulse (5,40,3): -0.1407
ROCnROLL: 2
TRIX (15,9): -0.0063
Courbe Coppock: 0.28
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