GBP/USD - Daily - Technical analysis published on 08/01/2024 (GMT)
- 116
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
17%
56%
28%
My opinion
Neutral between 1.2623 USD and 1.2831 USD
My targets
-
My analysis
The short-term decline on GBP/USD remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 1.2623 USD. The first resistance is located at 1.2831 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.2768 USD. The price is lower by -0.66% since the last closing and was traded between 1.2755 USD and 1.2861 USD over the period. The price is currently at +0.10% from its lowest and -0.72% from its highest.1.2755
1.2861
1.2768
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
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
Technical analysis of this Daily chart of GBP/USD indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
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 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
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 | 1.2343 | 1.2536 | 1.2623 | 1.2768 | 1.2831 | 1.3008 | 1.3128 |
| Change (%) | -3.33% | -1.82% | -1.14% | - | +0.49% | +1.88% | +2.82% |
| Change | -0.0425 | -0.0232 | -0.0145 | - | +0.0063 | +0.0240 | +0.0360 |
| Level | Major | Minor | 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 | 1.2785 | 1.2803 | 1.2828 | 1.2846 | 1.2871 | 1.2889 | 1.2914 |
| Camarilla | 1.2841 | 1.2845 | 1.2849 | 1.2853 | 1.2857 | 1.2861 | 1.2865 |
| Woodie | 1.2789 | 1.2805 | 1.2832 | 1.2848 | 1.2875 | 1.2891 | 1.2918 |
| Fibonacci | 1.2803 | 1.2819 | 1.2830 | 1.2846 | 1.2862 | 1.2873 | 1.2889 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2737 | 1.2793 | 1.2830 | 1.2886 | 1.2923 | 1.2979 | 1.3016 |
| Camarilla | 1.2841 | 1.2850 | 1.2859 | 1.2867 | 1.2876 | 1.2884 | 1.2893 |
| Woodie | 1.2728 | 1.2788 | 1.2821 | 1.2881 | 1.2914 | 1.2974 | 1.3007 |
| Fibonacci | 1.2793 | 1.2829 | 1.2851 | 1.2886 | 1.2922 | 1.2944 | 1.2979 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2202 | 1.2408 | 1.2631 | 1.2837 | 1.3060 | 1.3266 | 1.3489 |
| Camarilla | 1.2735 | 1.2774 | 1.2814 | 1.2853 | 1.2892 | 1.2932 | 1.2971 |
| Woodie | 1.2210 | 1.2412 | 1.2639 | 1.2841 | 1.3068 | 1.3270 | 1.3497 |
| Fibonacci | 1.2408 | 1.2572 | 1.2674 | 1.2837 | 1.3001 | 1.3103 | 1.3266 |
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): | 42.24 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | -7.1666 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.2888 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2967 | |
| Elder Ray (13): | -0.0051 | |
| Super Trend (3,10): | 1.2993 | |
| Zig ZAG (10): | 1.2775 | |
| VORTEX (21): | 1.0618 | |
| Stochastique (14,3,5): | 13.14 | |
| TEMA (21): | 1.2867 | |
| Williams %R (14): | -93.43 | |
| Chande Momentum Oscillator (20): | -0.0204 | |
| Repulse (5,40,3): | -0.7601 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0483 | |
| Courbe Coppock: | 0.66 |
| MA7: | 1.2849 | |
| MA20: | 1.2889 | |
| MA50: | 1.2787 | |
| MA100: | 1.2683 | |
| MAexp7: | 1.2844 | |
| MAexp20: | 1.2852 | |
| MAexp50: | 1.2791 | |
| MAexp100: | 1.2726 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | -0.15% | |
| Price / MA100: | +0.67% | |
| Price / MAexp7: | -0.59% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | +0.33% |
Quotes :
-
Real time data
-
Forex
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Forecast August 1, 2024
-
GBP/USD Forecast July 30, 2024
-
GBP/USD Forecast July 29, 2024
-
GBP/USD Forecast July 10, 2024
-
Weekly Technical Outlook: 08/07/2024 - USDJPY, GBPUSD, NZDUSD
This member declared not having a position on this financial instrument or a related financial instrument.
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