GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
Open: -
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High / Low range: -
Type: Forex
Ticker: GBPUSD
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GBP/USD - Daily - Technical analysis published on 04/08/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.3800 USD
My targets
1.3473 USD (-0.0272)
1.3132 USD (-0.0613)
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 1.3800 USD. The next bearish objective for sellers is set at 1.3473 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3132 USD. In case of crossing, the next objective would be the support located at 1.2704 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1.3473 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.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.8

This analysis was given by m_showlag. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly
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.

Additional analysis

Quotes

GBP/USD rating 1.3745 USD. On the day, this instrument gained +0.03% and was between 1.3719 USD and 1.3783 USD. This implies that the price is at +0.19% from its lowest and at -0.28% from its highest.

1.3719
1.3783
1.3745

Here is a more detailed summary of the historical variations registered by GBP/USD:

Technical


Technical analysis of GBP/USD in Daily shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily


MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2704 1.3132 1.3473 1.3745 1.3800 1.3987 1.4146
Change (%) -7.57% -4.46% -1.98% - +0.40% +1.76% +2.92%
Change -0.1041 -0.0613 -0.0272 - +0.0055 +0.0242 +0.0401
Level Major Minor Major - Major Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.35811.36521.36971.37681.38131.38841.3929
Camarilla1.37091.37201.37301.37411.37521.37621.3773
Woodie1.35671.36461.36831.37621.37991.38781.3915
Fibonacci1.36521.36971.37241.37681.38131.38401.3884


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.35931.36491.37401.37961.38871.39431.4034
Camarilla1.37901.38031.38171.38301.38441.38571.3870
Woodie1.36101.36581.37571.38051.39041.39521.4051
Fibonacci1.36491.37061.37401.37961.38531.38871.3943


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.32851.34771.36321.38241.39791.41711.4326
Camarilla1.36911.37221.37541.37861.38181.38501.3881
Woodie1.32661.34681.36131.38151.39601.41621.4307
Fibonacci1.34771.36101.36921.38241.39571.40391.4171

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): 42.68
MACD (12,26,9): -0.0022
Directional Movement: -2.6935
AROON (14): -28.5714
DEMA (21): 1.3794
Parabolic SAR (0,02-0,02-0,2): 1.3919
Elder Ray (13): -0.0054
Super Trend (3,10): 1.4014
Zig ZAG (10): 1.3739
VORTEX (21): 0.9365
Stochastique (14,3,5): 33.36
TEMA (21): 1.3760
Williams %R (14): -72.29
Chande Momentum Oscillator (20): 0.0009
Repulse (5,40,3): -0.6181
ROCnROLL: 2
TRIX (15,9): -0.0217
Courbe Coppock: 1.09
MA7: 1.3811
MA20: 1.3825
MA50: 1.3854
MA100: 1.3676
MAexp7: 1.3792
MAexp20: 1.3820
MAexp50: 1.3799
MAexp100: 1.3655
Price / MA7: -0.48%
Price / MA20: -0.58%
Price / MA50: -0.79%
Price / MA100: +0.50%
Price / MAexp7: -0.34%
Price / MAexp20: -0.54%
Price / MAexp50: -0.39%
Price / MAexp100: +0.66%

Quotes : - Real time data - Forex

News


The latest news and videos published on GBP/USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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