GBP/USD - Daily - Technical analysis published on 11/03/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1.3821 USD
My targets
1.3577 USD (-0.0064)
1.3473 USD (-0.0168)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/USD as long as the price remains well below 1.3821 USD. The next bearish objective for sellers is set at 1.3577 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3473 USD. If there is any crossing, the next objective would be the support located at 1.2977 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.3641 USD. The price has increased by +0.18% since the last closing with the lowest point at 1.3607 USD and the highest point at 1.3641 USD. The deviation from the price is +0.25% for the low point and 0% for the high point.1.3607
1.3641
1.3641
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 (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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, 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 | 1.2977 | 1.3473 | 1.3577 | 1.3641 | 1.3690 | 1.3821 | 1.3964 |
| Change (%) | -4.87% | -1.23% | -0.47% | - | +0.36% | +1.32% | +2.37% |
| Change | -0.0664 | -0.0168 | -0.0064 | - | +0.0049 | +0.0180 | +0.0323 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3530 | 1.3568 | 1.3592 | 1.3630 | 1.3654 | 1.3692 | 1.3716 |
| Camarilla | 1.3599 | 1.3605 | 1.3610 | 1.3616 | 1.3622 | 1.3627 | 1.3633 |
| Woodie | 1.3523 | 1.3565 | 1.3585 | 1.3627 | 1.3647 | 1.3689 | 1.3709 |
| Fibonacci | 1.3568 | 1.3592 | 1.3606 | 1.3630 | 1.3654 | 1.3668 | 1.3692 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3462 | 1.3565 | 1.3624 | 1.3727 | 1.3786 | 1.3889 | 1.3948 |
| Camarilla | 1.3639 | 1.3653 | 1.3668 | 1.3683 | 1.3698 | 1.3713 | 1.3728 |
| Woodie | 1.3440 | 1.3554 | 1.3602 | 1.3716 | 1.3764 | 1.3878 | 1.3926 |
| Fibonacci | 1.3565 | 1.3627 | 1.3665 | 1.3727 | 1.3789 | 1.3827 | 1.3889 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3064 | 1.3248 | 1.3466 | 1.3650 | 1.3868 | 1.4052 | 1.4270 |
| Camarilla | 1.3573 | 1.3609 | 1.3646 | 1.3683 | 1.3720 | 1.3757 | 1.3794 |
| Woodie | 1.3080 | 1.3257 | 1.3482 | 1.3659 | 1.3884 | 1.4061 | 1.4286 |
| Fibonacci | 1.3248 | 1.3402 | 1.3497 | 1.3650 | 1.3804 | 1.3899 | 1.4052 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.41 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -3.9731 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.3695 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3811 | |
| Elder Ray (13): | -0.0074 | |
| Super Trend (3,10): | 1.3550 | |
| Zig ZAG (10): | 1.3633 | |
| VORTEX (21): | 1.0136 | |
| Stochastique (14,3,5): | 15.26 | |
| TEMA (21): | 1.3701 | |
| Williams %R (14): | -89.08 | |
| Chande Momentum Oscillator (20): | -0.0104 | |
| Repulse (5,40,3): | -0.4862 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0114 | |
| Courbe Coppock: | 0.49 |
| MA7: | 1.3698 | |
| MA20: | 1.3702 | |
| MA50: | 1.3708 | |
| MA100: | 1.3768 | |
| MAexp7: | 1.3679 | |
| MAexp20: | 1.3697 | |
| MAexp50: | 1.3716 | |
| MAexp100: | 1.3758 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -0.49% | |
| Price / MA100: | -0.92% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | -0.55% | |
| Price / MAexp100: | -0.85% |
Quotes :
-
Real time data
-
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 November 03, 2021 by FXEmpire
-
GBP/USD Technical Analysis for November 02, 2021 by FXEmpire
-
GBP/USD Technical Analysis for the Week of November 01, 2021 by FXEmpire
-
GBP/USD Technical Analysis for November 01, 2021 by FXEmpire
-
GBP/USD Technical Analysis for October 29, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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