GBP/USD

- USD (-)

- Real time data - Forex

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Change:	-
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Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	GBPUSD
ISIN:

GBP/USD - Daily - Technical analysis published on 11/21/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under

My targets

()

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 . The sellers' bearish objective is set at . A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at . In case of crossing, the next objective would be the support located at . However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.1

Comment on the analysis

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 wanjigin. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/USD rating 1.2639 USD. The price registered a decrease of -0.13% on the session and was traded between 1.2623 USD and 1.2660 USD over the period. The price is currently at +0.13% from its lowest and -0.17% from its highest.

1.2623

1.2660

1.2639

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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 sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied 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

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2044	1.2343	1.2491	1.2639	1.2681	1.2824	1.3040
Change (%)	-4.71%	-2.34%	-1.17%	-	+0.33%	+1.46%	+3.17%
Change	-0.0595	-0.0296	-0.0148	-	+0.0042	+0.0185	+0.0401
Level	Major	Major	Minor	-	Intermediate	Intermediate	Intermediate

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	1.2535	1.2583	1.2619	1.2667	1.2703	1.2751	1.2787
Camarilla	1.2632	1.2640	1.2647	1.2655	1.2663	1.2670	1.2678
Woodie	1.2529	1.2580	1.2613	1.2664	1.2697	1.2748	1.2781
Fibonacci	1.2583	1.2615	1.2635	1.2667	1.2699	1.2719	1.2751

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2174	1.2385	1.2503	1.2714	1.2832	1.3043	1.3161
Camarilla	1.2530	1.2560	1.2590	1.2620	1.2650	1.2680	1.2711
Woodie	1.2127	1.2362	1.2456	1.2691	1.2785	1.3020	1.3114
Fibonacci	1.2385	1.2511	1.2589	1.2714	1.2840	1.2918	1.3043

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2151	1.2498	1.2697	1.3044	1.3243	1.3590	1.3789
Camarilla	1.2747	1.2797	1.2847	1.2897	1.2947	1.2997	1.3047
Woodie	1.2078	1.2461	1.2624	1.3007	1.3170	1.3553	1.3716
Fibonacci	1.2498	1.2706	1.2835	1.3044	1.3252	1.3381	1.3590

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):	33.52
MACD (12,26,9):	-0.0106
Directional Movement:	-19.0914
AROON (14):	-57.1429
DEMA (21):	1.2676
Parabolic SAR (0,02-0,02-0,2):	1.2844
Elder Ray (13):	-0.0110
Super Trend (3,10):	1.2911
Zig ZAG (10):	1.2641
VORTEX (21):	0.8478
Stochastique (14,3,5):	14.78
TEMA (21):	1.2623
Williams %R (14):	-90.02
Chande Momentum Oscillator (20):	-0.0399
Repulse (5,40,3):	-0.1991
ROCnROLL:	2
TRIX (15,9):	-0.1012
Courbe Coppock:	4.16

MA7:	1.2666
MA20:	1.2839
MA50:	1.3030
MA100:	1.2994
MAexp7:	1.2690
MAexp20:	1.2809
MAexp50:	1.2928
MAexp100:	1.2935
Price / MA7:	-0.21%
Price / MA20:	-1.56%
Price / MA50:	-3.00%
Price / MA100:	-2.73%
Price / MAexp7:	-0.40%
Price / MAexp20:	-1.33%
Price / MAexp50:	-2.24%
Price / MAexp100:	-2.29%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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