GBP/USD - Daily - Technical analysis published on 09/10/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1.3053 USD
My targets
1.2734 USD (-0.0144)
1.2493 USD (-0.0385)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GBP/USD as long as the price remains well below 1.3053 USD. The next bearish objective for sellers is set at 1.2734 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.2493 USD. In case of crossing, the next objective would be the support located at 1.2308 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1.2734 USD. With this support, against the trend traders who want to buy GBP/USD on a buy signal from their trading strategy should not hesitate to act.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.1
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2878 USD. The price is lower by -0.92% since the last closing and was between 1.2856 USD and 1.3035 USD. This implies that the price is at +0.17% from its lowest and at -1.20% from its highest.1.2856
1.3035
1.2878
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 Daily of this GBP/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 1.2308 | 1.2493 | 1.2734 | 1.2878 | 1.3053 | 1.3258 | 1.3473 |
| Change (%) | -4.43% | -2.99% | -1.12% | - | +1.36% | +2.95% | +4.62% |
| Change | -0.0570 | -0.0385 | -0.0144 | - | +0.0175 | +0.0380 | +0.0595 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2776 | 1.2831 | 1.2914 | 1.2969 | 1.3052 | 1.3107 | 1.3190 |
| Camarilla | 1.2960 | 1.2973 | 1.2985 | 1.2998 | 1.3011 | 1.3023 | 1.3036 |
| Woodie | 1.2791 | 1.2838 | 1.2929 | 1.2976 | 1.3067 | 1.3114 | 1.3205 |
| Fibonacci | 1.2831 | 1.2883 | 1.2916 | 1.2969 | 1.3021 | 1.3054 | 1.3107 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2835 | 1.3006 | 1.3142 | 1.3313 | 1.3449 | 1.3620 | 1.3756 |
| Camarilla | 1.3195 | 1.3223 | 1.3251 | 1.3279 | 1.3307 | 1.3335 | 1.3363 |
| Woodie | 1.2819 | 1.2997 | 1.3126 | 1.3304 | 1.3433 | 1.3611 | 1.3740 |
| Fibonacci | 1.3006 | 1.3123 | 1.3195 | 1.3313 | 1.3430 | 1.3502 | 1.3620 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2683 | 1.2832 | 1.3098 | 1.3247 | 1.3513 | 1.3662 | 1.3928 |
| Camarilla | 1.3250 | 1.3288 | 1.3326 | 1.3364 | 1.3402 | 1.3440 | 1.3478 |
| Woodie | 1.2742 | 1.2861 | 1.3157 | 1.3276 | 1.3572 | 1.3691 | 1.3987 |
| Fibonacci | 1.2832 | 1.2991 | 1.3089 | 1.3247 | 1.3406 | 1.3504 | 1.3662 |
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): | 38.03 | |
| MACD (12,26,9): | 0.0018 | |
| Directional Movement: | -7.6983 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.3178 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3389 | |
| Elder Ray (13): | -0.0177 | |
| Super Trend (3,10): | 1.3353 | |
| Zig ZAG (10): | 1.2870 | |
| VORTEX (21): | 0.9444 | |
| Stochastique (14,3,5): | 7.34 | |
| TEMA (21): | 1.3095 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.0292 | |
| Repulse (5,40,3): | -2.2257 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0881 | |
| Courbe Coppock: | 0.39 |
| MA7: | 1.3131 | |
| MA20: | 1.3176 | |
| MA50: | 1.2961 | |
| MA100: | 1.2691 | |
| MAexp7: | 1.3078 | |
| MAexp20: | 1.3126 | |
| MAexp50: | 1.2985 | |
| MAexp100: | 1.2831 | |
| Price / MA7: | -1.93% | |
| Price / MA20: | -2.26% | |
| Price / MA50: | -0.64% | |
| Price / MA100: | +1.47% | |
| Price / MAexp7: | -1.52% | |
| Price / MAexp20: | -1.88% | |
| Price / MAexp50: | -0.82% | |
| Price / MAexp100: | +0.37% |
Quotes :
2020-09-10 15:04:44
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Real time data
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Forex
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Technical Analysis for September 11, 2020 by FXEmpire
-
GBP/USD Technical Analysis For September 10, 2020 By FX Empire
-
GBP/USD Technical Analysis for September 10, 2020 by FXEmpire
-
GBP/USD Technical Analysis For September 9, 2020 By FX Empire
-
GBP/USD Technical Analysis for September 9, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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