GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPUSD
ISIN:

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

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.

This analysis was given by lud1. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/USD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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


S3S2S1PriceR1R2R3
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
Standard1.23391.24021.24891.25521.26391.27021.2789
Camarilla1.25351.25491.25621.25761.25901.26041.2617
Woodie1.23511.24081.25011.25581.26511.27081.2801
Fibonacci1.24021.24591.24951.25521.26091.26451.2702


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.19161.21631.23701.26171.28241.30711.3278
Camarilla1.24511.24931.25341.25761.26181.26591.2701
Woodie1.18951.21531.23491.26071.28031.30611.3257
Fibonacci1.21631.23371.24441.26171.27911.28981.3071


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.15131.19621.22691.27181.30251.34741.3781
Camarilla1.23681.24371.25071.25761.26451.27151.2784
Woodie1.14421.19271.21981.26831.29541.34391.3710
Fibonacci1.19621.22511.24291.27181.30071.31851.3474

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 - Forex

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

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