GBP/USD
GBP USD
1.3362 USD (+0.20%)
Open Real time data - Forex
Open: 1.3335
Change: +0.0026
Volume: 25,368
Low: 1.3334
High: 1.3366
High / Low range: 0.0032
Type: Forex
Ticker: GBPUSD
ISIN:

GBP/USD - Daily - Technical analysis published on 10/26/2020

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  • Timeframe : Daily
  • - Analysis generated on 2020-10-26 15:35:16
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 1.2734 USD
My targets
1.3374 USD (+0.0370)
1.3473 USD (+0.0469)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on GBP/USD as long as the price remains well above 1.2734 USD. The buyers” bullish objective is set at 1.3374 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3473 USD. If there is any crossing, the next objective would be the resistance located at 1.3800 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.8

Complete this analysis for another time unit:
15 min. 1H Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

The GBP/USD price is 1.3004 USD. The price registered a decrease of -0.34% on the session and was traded between 1.2993 USD and 1.3075 USD over the period. The price is currently at +0.08% from its lowest and -0.54% from its highest.

1.2993
1.3075
1.3004

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this GBP/USD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2306 1.2493 1.2734 1.3004 1.3053 1.3473 1.3800
Change (%) -5.37% -3.93% -2.08% - +0.38% +3.61% +6.12%
Change -0.0698 -0.0511 -0.0270 - +0.0049 +0.0469 +0.0796
Level Minor Minor Minor - Major Major 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
Standard1.29001.29591.30041.30631.31081.31671.3212
Camarilla1.30191.30291.30391.30481.30581.30671.3077
Woodie1.28921.29561.29961.30601.31001.31641.3204
Fibonacci1.29591.29991.30241.30631.31031.31281.3167


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.26231.27591.29041.30401.31851.33211.3466
Camarilla1.29711.29971.30221.30481.30741.31001.3125
Woodie1.26271.27611.29081.30421.31891.33231.3470
Fibonacci1.27591.28671.29331.30401.31481.32141.3321


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.17581.22171.25661.30251.33741.38331.4182
Camarilla1.26941.27681.28421.29161.29901.30641.3138
Woodie1.17041.21901.25121.29981.33201.38061.4128
Fibonacci1.22171.25251.27161.30251.33331.35241.3833

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): 52.02
MACD (12,26,9): 0.0024
Directional Movement: 6.0472
AROON (14): 71.4285
DEMA (21): 1.3003
Parabolic SAR (0,02-0,02-0,2): 1.2881
Elder Ray (13): 0.0038
Super Trend (3,10): 1.3132
Zig ZAG (10): 1.3000
VORTEX (21): 1.1168
Stochastique (14,3,5): 59.44
TEMA (21): 1.3033
Williams %R (14): -52.11
Chande Momentum Oscillator (20): 0.0064
Repulse (5,40,3): -0.6488
ROCnROLL: 1
TRIX (15,9): 0.0075
Courbe Coppock: 1.46
MA7: 1.3011
MA20: 1.2969
MA50: 1.3013
MA100: 1.2863
MAexp7: 1.3019
MAexp20: 1.2981
MAexp50: 1.2954
MAexp100: 1.2880
Price / MA7: -0.05%
Price / MA20: +0.27%
Price / MA50: -0.07%
Price / MA100: +1.10%
Price / MAexp7: -0.12%
Price / MAexp20: +0.18%
Price / MAexp50: +0.39%
Price / MAexp100: +0.96%

Quotes : 2020-10-26 15:35:16 - Real time data - 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:

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

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