GBP/USD - Daily - Technical analysis published on 03/19/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 1.2621 USD
My targets
1.2800 USD (+0.0090)
1.3128 USD (+0.0418)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/USD. As long as you are above the support located at 1.2621 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.2800 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.3128 USD as an objective. Crossing it would then enable buyers to target 1.3705 USD. If the support 1.2621 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.5
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This analysis was given by robbbinbanks. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.2710 USD. The price registered a decrease of -0.13% on the session and was traded between 1.2701 USD and 1.2729 USD over the period. The price is currently at +0.07% from its lowest and -0.15% from its highest.1.2701
1.2729
1.2710
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/USD in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
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 | 1.2315 | 1.2418 | 1.2621 | 1.2710 | 1.2800 | 1.3128 | 1.3705 |
| Change (%) | -3.11% | -2.30% | -0.70% | - | +0.71% | +3.29% | +7.83% |
| Change | -0.0395 | -0.0292 | -0.0089 | - | +0.0090 | +0.0418 | +0.0995 |
| Level | Minor | Minor | Major | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2685 | 1.2701 | 1.2714 | 1.2730 | 1.2743 | 1.2759 | 1.2772 |
| Camarilla | 1.2718 | 1.2721 | 1.2723 | 1.2726 | 1.2729 | 1.2731 | 1.2734 |
| Woodie | 1.2683 | 1.2700 | 1.2712 | 1.2729 | 1.2741 | 1.2758 | 1.2770 |
| Fibonacci | 1.2701 | 1.2712 | 1.2719 | 1.2730 | 1.2741 | 1.2748 | 1.2759 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2542 | 1.2633 | 1.2682 | 1.2773 | 1.2822 | 1.2913 | 1.2962 |
| Camarilla | 1.2693 | 1.2705 | 1.2718 | 1.2731 | 1.2744 | 1.2757 | 1.2770 |
| Woodie | 1.2521 | 1.2623 | 1.2661 | 1.2763 | 1.2801 | 1.2903 | 1.2941 |
| Fibonacci | 1.2633 | 1.2687 | 1.2720 | 1.2773 | 1.2827 | 1.2860 | 1.2913 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2252 | 1.2385 | 1.2506 | 1.2639 | 1.2760 | 1.2893 | 1.3014 |
| Camarilla | 1.2557 | 1.2580 | 1.2604 | 1.2627 | 1.2650 | 1.2674 | 1.2697 |
| Woodie | 1.2246 | 1.2382 | 1.2500 | 1.2636 | 1.2754 | 1.2890 | 1.3008 |
| Fibonacci | 1.2385 | 1.2482 | 1.2542 | 1.2639 | 1.2736 | 1.2796 | 1.2893 |
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): | 48.83 | |
| MACD (12,26,9): | 0.0025 | |
| Directional Movement: | 2.8311 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.2755 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2890 | |
| Elder Ray (13): | -0.0021 | |
| Super Trend (3,10): | 1.2633 | |
| Zig ZAG (10): | 1.2703 | |
| VORTEX (21): | 1.0903 | |
| Stochastique (14,3,5): | 40.93 | |
| TEMA (21): | 1.2768 | |
| Williams %R (14): | -63.95 | |
| Chande Momentum Oscillator (20): | 0.0051 | |
| Repulse (5,40,3): | -0.4855 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0328 | |
| Courbe Coppock: | 1.53 |
| MA7: | 1.2760 | |
| MA20: | 1.2720 | |
| MA50: | 1.2686 | |
| MA100: | 1.2615 | |
| MAexp7: | 1.2742 | |
| MAexp20: | 1.2723 | |
| MAexp50: | 1.2683 | |
| MAexp100: | 1.2630 | |
| Price / MA7: | -0.39% | |
| Price / MA20: | -0.08% | |
| Price / MA50: | +0.19% | |
| Price / MA100: | +0.75% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.63% |
Quotes :
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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:
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Technical Analysis: 05/03/2024 - GBPUSD battles with SMAs within sideways channel
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Fun Fact Friday: Why is GBPUSD called cable?
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Technical Analysis: 23/02/2024 - GBPUSD tries to strengthen bullish move above SMAs
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Technical Analysis: 14/02/2024 - GBPUSD bears push for a breakout
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GBP/USD Forecast February 13, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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