GBP/USD - Daily - Technical analysis published on 03/23/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
One daily analysis for free from 
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 1.3317 USD
My targets
1.2977 USD (-0.0232)
1.2493 USD (-0.0716)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/USD as long as the price remains well below 1.3317 USD. The sellers' bearish objective is set at 1.2977 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.2493 USD. In case of crossing, the next objective would be the support located at 1.2037 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.1
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.3209 USD. The price registered a decrease of -0.43% on the session with the lowest point at 1.3175 USD and the highest point at 1.3299 USD. The deviation from the price is +0.26% for the low point and -0.68% for the high point.1.3175
1.3299
1.3209
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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 this Daily chart of GBP/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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 resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2037 | 1.2493 | 1.2977 | 1.3209 | 1.3209 | 1.3317 | 1.3427 |
| Change (%) | -8.87% | -5.42% | -1.76% | 0% | - | +0.82% | +1.65% |
| Change | -0.1172 | -0.0716 | -0.0232 | 0 | - | +0.0108 | +0.0218 |
| Level | Major | Intermediate | Intermediate | Major | - | Major | Minor |
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 | 1.3012 | 1.3066 | 1.3166 | 1.3220 | 1.3320 | 1.3374 | 1.3474 |
| Camarilla | 1.3224 | 1.3238 | 1.3252 | 1.3266 | 1.3280 | 1.3294 | 1.3308 |
| Woodie | 1.3035 | 1.3078 | 1.3189 | 1.3232 | 1.3343 | 1.3386 | 1.3497 |
| Fibonacci | 1.3066 | 1.3125 | 1.3161 | 1.3220 | 1.3279 | 1.3315 | 1.3374 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2835 | 1.2918 | 1.3046 | 1.3129 | 1.3257 | 1.3340 | 1.3468 |
| Camarilla | 1.3117 | 1.3136 | 1.3156 | 1.3175 | 1.3194 | 1.3214 | 1.3233 |
| Woodie | 1.2859 | 1.2929 | 1.3070 | 1.3140 | 1.3281 | 1.3351 | 1.3492 |
| Fibonacci | 1.2918 | 1.2998 | 1.3048 | 1.3129 | 1.3209 | 1.3259 | 1.3340 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2878 | 1.3075 | 1.3249 | 1.3446 | 1.3620 | 1.3817 | 1.3991 |
| Camarilla | 1.3320 | 1.3354 | 1.3388 | 1.3422 | 1.3456 | 1.3490 | 1.3524 |
| Woodie | 1.2866 | 1.3069 | 1.3237 | 1.3440 | 1.3608 | 1.3811 | 1.3979 |
| Fibonacci | 1.3075 | 1.3217 | 1.3305 | 1.3446 | 1.3588 | 1.3676 | 1.3817 |
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): | 45.58 | |
| MACD (12,26,9): | -0.0074 | |
| Directional Movement: | -0.8076 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.3125 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3023 | |
| Elder Ray (13): | 0.0044 | |
| Super Trend (3,10): | 1.3350 | |
| Zig ZAG (10): | 1.3208 | |
| VORTEX (21): | 0.8520 | |
| Stochastique (14,3,5): | 54.39 | |
| TEMA (21): | 1.3107 | |
| Williams %R (14): | -40.91 | |
| Chande Momentum Oscillator (20): | 0.0095 | |
| Repulse (5,40,3): | 0.3554 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1061 | |
| Courbe Coppock: | 2.58 |
| MA7: | 1.3166 | |
| MA20: | 1.3211 | |
| MA50: | 1.3417 | |
| MA100: | 1.3407 | |
| MAexp7: | 1.3184 | |
| MAexp20: | 1.3231 | |
| MAexp50: | 1.3345 | |
| MAexp100: | 1.3435 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | -1.55% | |
| Price / MA100: | -1.48% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -1.02% | |
| Price / MAexp100: | -1.68% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on GBP/USD. At the time of publication of this analysis, the latest news was as follows:
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GBP/USD Technical Analysis for March 24, 2022 by FXEmpire
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GBP/USD Technical Analysis for March 23, 2022 by FXEmpire
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Technical Analysis: 22/03/2022 - GBPUSD pulls below 1.3200; bearish but not too bearish
-
GBP/USD Technical Analysis for March 22, 2022 by FXEmpire
-
GBP/USD Technical Analysis for the Week of March 21, 2022 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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