GBP/USD - Daily - Technical analysis published on 06/30/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.2718 USD
My targets
1.2555 USD (-0.0088)
1.2350 USD (-0.0293)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GBP/USD as long as the price remains well below 1.2718 USD. The sellers' bearish objective is set at 1.2555 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.2350 USD. If there is any crossing, the next objective would be the support located at 1.2249 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.4
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.2643 USD. The price is lower by -0.01% since the last closing and was between 1.2620 USD and 1.2664 USD. This implies that the price is at +0.18% from its lowest and at -0.17% from its highest.1.2620
1.2664
1.2643
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in Daily of this GBP/USD chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. 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
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 channel
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2249 | 1.2350 | 1.2555 | 1.2643 | 1.2718 | 1.2835 | 1.3128 |
| Change (%) | -3.12% | -2.32% | -0.70% | - | +0.59% | +1.52% | +3.84% |
| Change | -0.0394 | -0.0293 | -0.0088 | - | +0.0075 | +0.0192 | +0.0485 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2577 | 1.2598 | 1.2621 | 1.2642 | 1.2665 | 1.2686 | 1.2709 |
| Camarilla | 1.2631 | 1.2635 | 1.2639 | 1.2643 | 1.2647 | 1.2651 | 1.2655 |
| Woodie | 1.2577 | 1.2599 | 1.2621 | 1.2643 | 1.2665 | 1.2687 | 1.2709 |
| Fibonacci | 1.2598 | 1.2615 | 1.2626 | 1.2642 | 1.2659 | 1.2670 | 1.2686 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2513 | 1.2562 | 1.2603 | 1.2652 | 1.2693 | 1.2742 | 1.2783 |
| Camarilla | 1.2618 | 1.2627 | 1.2635 | 1.2643 | 1.2651 | 1.2660 | 1.2668 |
| Woodie | 1.2508 | 1.2560 | 1.2598 | 1.2650 | 1.2688 | 1.2740 | 1.2778 |
| Fibonacci | 1.2562 | 1.2597 | 1.2618 | 1.2652 | 1.2687 | 1.2708 | 1.2742 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2170 | 1.2308 | 1.2525 | 1.2663 | 1.2880 | 1.3018 | 1.3235 |
| Camarilla | 1.2644 | 1.2677 | 1.2710 | 1.2742 | 1.2775 | 1.2807 | 1.2840 |
| Woodie | 1.2210 | 1.2328 | 1.2565 | 1.2683 | 1.2920 | 1.3038 | 1.3275 |
| Fibonacci | 1.2308 | 1.2444 | 1.2527 | 1.2663 | 1.2799 | 1.2882 | 1.3018 |
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): | 44.69 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -5.3234 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.2683 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2768 | |
| Elder Ray (13): | -0.0036 | |
| Super Trend (3,10): | 1.2588 | |
| Zig ZAG (10): | 1.2643 | |
| VORTEX (21): | 0.9564 | |
| Stochastique (14,3,5): | 9.28 | |
| TEMA (21): | 1.2651 | |
| Williams %R (14): | -87.50 | |
| Chande Momentum Oscillator (20): | -0.0153 | |
| Repulse (5,40,3): | -0.1751 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0089 | |
| Courbe Coppock: | 1.56 |
| MA7: | 1.2654 | |
| MA20: | 1.2715 | |
| MA50: | 1.2646 | |
| MA100: | 1.2641 | |
| MAexp7: | 1.2659 | |
| MAexp20: | 1.2686 | |
| MAexp50: | 1.2669 | |
| MAexp100: | 1.2649 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -0.02% | |
| Price / MA100: | +0.02% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.05% |
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:
-
GBP/USD Forecast June 19, 2024
-
GBP/USD Forecast June 17, 2024
-
GBP/USD Forecast June 4, 2024
-
GBP/USD Forecast May 30, 2024
-
GBP/USD Forecast May 27, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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