GBP/USD - Daily - Technical analysis published on 10/26/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- 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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
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:
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
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2900 | 1.2959 | 1.3004 | 1.3063 | 1.3108 | 1.3167 | 1.3212 |
| Camarilla | 1.3019 | 1.3029 | 1.3039 | 1.3048 | 1.3058 | 1.3067 | 1.3077 |
| Woodie | 1.2892 | 1.2956 | 1.2996 | 1.3060 | 1.3100 | 1.3164 | 1.3204 |
| Fibonacci | 1.2959 | 1.2999 | 1.3024 | 1.3063 | 1.3103 | 1.3128 | 1.3167 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2623 | 1.2759 | 1.2904 | 1.3040 | 1.3185 | 1.3321 | 1.3466 |
| Camarilla | 1.2971 | 1.2997 | 1.3022 | 1.3048 | 1.3074 | 1.3100 | 1.3125 |
| Woodie | 1.2627 | 1.2761 | 1.2908 | 1.3042 | 1.3189 | 1.3323 | 1.3470 |
| Fibonacci | 1.2759 | 1.2867 | 1.2933 | 1.3040 | 1.3148 | 1.3214 | 1.3321 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1758 | 1.2217 | 1.2566 | 1.3025 | 1.3374 | 1.3833 | 1.4182 |
| Camarilla | 1.2694 | 1.2768 | 1.2842 | 1.2916 | 1.2990 | 1.3064 | 1.3138 |
| Woodie | 1.1704 | 1.2190 | 1.2512 | 1.2998 | 1.3320 | 1.3806 | 1.4128 |
| Fibonacci | 1.2217 | 1.2525 | 1.2716 | 1.3025 | 1.3333 | 1.3524 | 1.3833 |
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
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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:
-
GBP/USD Technical Analysis for October 27, 2020 by FXEmpire
-
GBP/USD Technical Analysis For October 26, 2020 By FX Empire
-
GBP/USD Technical Analysis for the Week of October 26, 2020 by FXEmpire
-
GBP/USD Technical Analysis for October 26, 2020 by FXEmpire
-
GBP/USD Technical Analysis For October 23, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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