GBP/USD - Daily - Technical analysis published on 02/09/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1.3044 USD
My targets
1.2743 USD (-0.0142)
1.2493 USD (-0.0392)
My analysis
GBP/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.3044 USD. The next support located at 1.2743 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.2493 USD. Below this support, sellers could then target 1.2212 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
5.2
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This analysis was given by Frederico Pereira. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2885 USD. The price is lower by -0.35% since the last closing with the lowest point at 1.2882 USD and the highest point at 1.2959 USD. The deviation from the price is +0.02% for the low point and -0.57% for the high point.1.2882
1.2959
1.2885
A study of price movements over other periods shows the following variations:
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 bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
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 | 1.2212 | 1.2493 | 1.2743 | 1.2885 | 1.3044 | 1.3206 | 1.3317 |
| Change (%) | -5.22% | -3.04% | -1.10% | - | +1.23% | +2.49% | +3.35% |
| Change | -0.0673 | -0.0392 | -0.0142 | - | +0.0159 | +0.0321 | +0.0432 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2823 | 1.2872 | 1.2901 | 1.2950 | 1.2979 | 1.3028 | 1.3057 |
| Camarilla | 1.2909 | 1.2916 | 1.2923 | 1.2930 | 1.2937 | 1.2944 | 1.2952 |
| Woodie | 1.2813 | 1.2867 | 1.2891 | 1.2945 | 1.2969 | 1.3023 | 1.3047 |
| Fibonacci | 1.2872 | 1.2902 | 1.2920 | 1.2950 | 1.2980 | 1.2998 | 1.3028 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2816 | 1.2895 | 1.3051 | 1.3130 | 1.3286 | 1.3365 | 1.3521 |
| Camarilla | 1.3141 | 1.3163 | 1.3185 | 1.3206 | 1.3228 | 1.3249 | 1.3271 |
| Woodie | 1.2854 | 1.2914 | 1.3089 | 1.3149 | 1.3324 | 1.3384 | 1.3559 |
| Fibonacci | 1.2895 | 1.2985 | 1.3041 | 1.3130 | 1.3220 | 1.3276 | 1.3365 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2693 | 1.2823 | 1.3015 | 1.3145 | 1.3337 | 1.3467 | 1.3659 |
| Camarilla | 1.3117 | 1.3147 | 1.3177 | 1.3206 | 1.3236 | 1.3265 | 1.3295 |
| Woodie | 1.2723 | 1.2839 | 1.3045 | 1.3161 | 1.3367 | 1.3483 | 1.3689 |
| Fibonacci | 1.2823 | 1.2946 | 1.3022 | 1.3145 | 1.3268 | 1.3344 | 1.3467 |
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): | 39.59 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -4.0861 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.3005 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3188 | |
| Elder Ray (13): | -0.0095 | |
| Super Trend (3,10): | 1.3225 | |
| Zig ZAG (10): | 1.2885 | |
| VORTEX (21): | 0.9152 | |
| Stochastique (14,3,5): | 8.03 | |
| TEMA (21): | 1.2968 | |
| Williams %R (14): | -99.09 | |
| Chande Momentum Oscillator (20): | -0.0259 | |
| Repulse (5,40,3): | -1.1763 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0113 | |
| Courbe Coppock: | 0.78 |
| MA7: | 1.3018 | |
| MA20: | 1.3038 | |
| MA50: | 1.3083 | |
| MA100: | 1.2900 | |
| MAexp7: | 1.2983 | |
| MAexp20: | 1.3032 | |
| MAexp50: | 1.3019 | |
| MAexp100: | 1.2922 | |
| Price / MA7: | -1.02% | |
| Price / MA20: | -1.17% | |
| Price / MA50: | -1.51% | |
| Price / MA100: | -0.12% | |
| Price / MAexp7: | -0.75% | |
| Price / MAexp20: | -1.13% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -0.29% |
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
-
GBP/USD Technical Analysis for February 10, 2020 by FXEmpire
-
GBP/USD Technical Analysis for the week of February 10, 2020 by FXEmpire
-
GBP/USD Technical Analysis for February 07, 2020 by FXEmpire
-
GBP/USD Technical Analysis for February 06, 2020 by FXEmpire
-
GBP/USD Technical Analysis for February 05, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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