GBP/USD - Daily - Technical analysis published on 10/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 1.2493 USD
My targets
1.2283 USD (-0.49%)
1.2170 USD (-1.40%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.2493 USD remains possible. It is advisable to trade GBP/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.2493 USD. The next bearish objective for sellers is set at 1.2283 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.2170 USD. In case of crossing, the next objective would be the support located at 1.2039 USD. PS: if there is a bullish break in the resistance located at 1.2493 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.9
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.2343 USD. The price has increased by +0.02% since the last closing and was between 1.2310 USD and 1.2357 USD. This implies that the price is at +0.27% from its lowest and at -0.11% from its highest.1.2310
1.2357
1.2343
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GBP/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. 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 currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 1.2039 | 1.2170 | 1.2283 | 1.2343 | 1.2493 | 1.2743 | 1.3032 |
| Change (%) | -2.46% | -1.40% | -0.49% | - | +1.22% | +3.24% | +5.58% |
| Change | -0.0304 | -0.0173 | -0.0060 | - | +0.0150 | +0.0400 | +0.0689 |
| Level | Major | Minor | Major | - | Major | Intermediate | 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 | 1.2120 | 1.2193 | 1.2267 | 1.2340 | 1.2414 | 1.2487 | 1.2561 |
| Camarilla | 1.2301 | 1.2314 | 1.2328 | 1.2341 | 1.2355 | 1.2368 | 1.2381 |
| Woodie | 1.2121 | 1.2193 | 1.2268 | 1.2340 | 1.2415 | 1.2487 | 1.2562 |
| Fibonacci | 1.2193 | 1.2249 | 1.2284 | 1.2340 | 1.2396 | 1.2431 | 1.2487 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1976 | 1.2123 | 1.2208 | 1.2355 | 1.2440 | 1.2587 | 1.2672 |
| Camarilla | 1.2228 | 1.2250 | 1.2271 | 1.2292 | 1.2313 | 1.2335 | 1.2356 |
| Woodie | 1.1944 | 1.2108 | 1.2176 | 1.2340 | 1.2408 | 1.2572 | 1.2640 |
| Fibonacci | 1.2123 | 1.2212 | 1.2267 | 1.2355 | 1.2444 | 1.2499 | 1.2587 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1347 | 1.1652 | 1.1971 | 1.2276 | 1.2595 | 1.2900 | 1.3219 |
| Camarilla | 1.2117 | 1.2175 | 1.2232 | 1.2289 | 1.2346 | 1.2403 | 1.2461 |
| Woodie | 1.1353 | 1.1656 | 1.1977 | 1.2280 | 1.2601 | 1.2904 | 1.3225 |
| Fibonacci | 1.1652 | 1.1891 | 1.2038 | 1.2276 | 1.2515 | 1.2662 | 1.2900 |
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): | 50.31 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | -0.0836 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.2363 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2494 | |
| Elder Ray (13): | -0.0014 | |
| Super Trend (3,10): | 1.2189 | |
| Zig ZAG (10): | 1.2344 | |
| VORTEX (21): | 1.0472 | |
| Stochastique (14,3,5): | 33.07 | |
| TEMA (21): | 1.2361 | |
| Williams %R (14): | -63.93 | |
| Chande Momentum Oscillator (20): | -0.0126 | |
| Repulse (5,40,3): | 0.3178 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0368 | |
| Courbe Coppock: | 1.36 |
| MA7: | 1.2310 | |
| MA20: | 1.2386 | |
| MA50: | 1.2253 | |
| MA100: | 1.2431 | |
| MAexp7: | 1.2331 | |
| MAexp20: | 1.2344 | |
| MAexp50: | 1.2348 | |
| MAexp100: | 1.2451 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | -0.35% | |
| Price / MA50: | +0.73% | |
| Price / MA100: | -0.71% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.87% |
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 October 04, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 03, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 02, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 01, 2019 by FXEmpire
-
GBP/USD Technical Analysis for September 30, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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