GBP/USD - Daily - Technical analysis published on 05/02/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 1.2723 USD
My targets
1.2493 USD (-0.0084)
1.2037 USD (-0.0540)
My analysis
The bearish trend is currently very strong for GBP/USD. As long as the price remains below the resistance at 1.2723 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.2493 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.2037 USD as an objective. Crossing it would then enable sellers to target 1.1492 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by lud1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2577 USD. The price registered an increase of +0.01% on the session with the lowest point at 1.2540 USD and the highest point at 1.2598 USD. The deviation from the price is +0.30% for the low point and -0.17% for the high point.1.2540
1.2598
1.2577
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/USD in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.1492 | 1.2037 | 1.2493 | 1.2577 | 1.2723 | 1.3008 | 1.3208 |
Change (%) | -8.63% | -4.29% | -0.67% | - | +1.16% | +3.43% | +5.02% |
Change | -0.1085 | -0.0540 | -0.0084 | - | +0.0146 | +0.0431 | +0.0631 |
Level | Intermediate | Major | Major | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.2339 | 1.2402 | 1.2489 | 1.2552 | 1.2639 | 1.2702 | 1.2789 |
Camarilla | 1.2535 | 1.2549 | 1.2562 | 1.2576 | 1.2590 | 1.2604 | 1.2617 |
Woodie | 1.2351 | 1.2408 | 1.2501 | 1.2558 | 1.2651 | 1.2708 | 1.2801 |
Fibonacci | 1.2402 | 1.2459 | 1.2495 | 1.2552 | 1.2609 | 1.2645 | 1.2702 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.1916 | 1.2163 | 1.2370 | 1.2617 | 1.2824 | 1.3071 | 1.3278 |
Camarilla | 1.2451 | 1.2493 | 1.2534 | 1.2576 | 1.2618 | 1.2659 | 1.2701 |
Woodie | 1.1895 | 1.2153 | 1.2349 | 1.2607 | 1.2803 | 1.3061 | 1.3257 |
Fibonacci | 1.2163 | 1.2337 | 1.2444 | 1.2617 | 1.2791 | 1.2898 | 1.3071 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.1513 | 1.1962 | 1.2269 | 1.2718 | 1.3025 | 1.3474 | 1.3781 |
Camarilla | 1.2368 | 1.2437 | 1.2507 | 1.2576 | 1.2645 | 1.2715 | 1.2784 |
Woodie | 1.1442 | 1.1927 | 1.2198 | 1.2683 | 1.2954 | 1.3439 | 1.3710 |
Fibonacci | 1.1962 | 1.2251 | 1.2429 | 1.2718 | 1.3007 | 1.3185 | 1.3474 |
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): | 28.14 | |
MACD (12,26,9): | -0.0161 | |
Directional Movement: | -27.0133 | |
AROON (14): | -71.4286 | |
DEMA (21): | 1.2646 | |
Parabolic SAR (0,02-0,02-0,2): | 1.2922 | |
Elder Ray (13): | -0.0181 | |
Super Trend (3,10): | 1.2835 | |
Zig ZAG (10): | 1.2573 | |
VORTEX (21): | 0.7411 | |
Stochastique (14,3,5): | 17.35 | |
TEMA (21): | 1.2567 | |
Williams %R (14): | -77.72 | |
Chande Momentum Oscillator (20): | -0.0491 | |
Repulse (5,40,3): | -0.3688 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1240 | |
Courbe Coppock: | 6.39 |
MA7: | 1.2616 | |
MA20: | 1.2898 | |
MA50: | 1.3088 | |
MA100: | 1.3296 | |
MAexp7: | 1.2640 | |
MAexp20: | 1.2838 | |
MAexp50: | 1.3048 | |
MAexp100: | 1.3222 | |
Price / MA7: | -0.31% | |
Price / MA20: | -2.49% | |
Price / MA50: | -3.90% | |
Price / MA100: | -5.41% | |
Price / MAexp7: | -0.50% | |
Price / MAexp20: | -2.03% | |
Price / MAexp50: | -3.61% | |
Price / MAexp100: | -4.88% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
- GBP/USD Technical Analysis for the Week of May 02, 2022 by FXEmpire
- GBP/USD Technical Analysis for May 02, 2022 by FXEmpire
- GBP/USD Technical Analysis for April 29, 2022 by FXEmpire
- GBP/USD Technical Analysis for April 28, 2022 by FXEmpire
- GBP/USD Technical Analysis for April 27, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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