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GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPUSD
ISIN:

GBP/USD - Daily - Technical analysis published on 11/04/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 1.2704 USD
My targets
1.3141 USD (+0.0140)
1.3473 USD (+0.0472)
My analysis
The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.2704 USD, you could try to benefit from the boom. The first bullish objective is located at 1.3141 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.3473 USD as an objective. Crossing it would then enable buyers to target 1.3800 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The GBP/USD rating is 1.3001 USD. The price registered a decrease of -0.91% on the session with the lowest point at 1.2914 USD and the highest point at 1.3140 USD. The deviation from the price is +0.67% for the low point and -1.06% for the high point.

1.2914
1.3140
1.3001

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/USD:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of GBP/USD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2037 1.2306 1.2704 1.3001 1.3053 1.3473 1.3800
Change (%) -7.41% -5.35% -2.28% - +0.40% +3.63% +6.15%
Change -0.0964 -0.0695 -0.0297 - +0.0052 +0.0472 +0.0799
Level Major Minor Intermediate - Intermediate 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
Standard1.27621.28391.29791.30561.31961.32731.3413
Camarilla1.30601.30801.31001.31201.31401.31601.3180
Woodie1.27951.28551.30121.30721.32291.32891.3446
Fibonacci1.28391.29221.29731.30561.31391.31901.3273


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.26581.27701.28571.29691.30561.31681.3255
Camarilla1.28901.29091.29271.29451.29631.29821.3000
Woodie1.26471.27641.28461.29631.30451.31621.3244
Fibonacci1.27701.28461.28931.29691.30451.30921.3168


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.24271.26241.27841.29811.31411.33381.3498
Camarilla1.28471.28801.29121.29451.29781.30111.3043
Woodie1.24101.26151.27671.29721.31241.33291.3481
Fibonacci1.26241.27601.28441.29811.31171.32011.3338

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): 50.24
MACD (12,26,9): 0.0013
Directional Movement: 6.7740
AROON (14): -57.1429
DEMA (21): 1.3004
Parabolic SAR (0,02-0,02-0,2): 1.3141
Elder Ray (13): 0.0031
Super Trend (3,10): 1.3132
Zig ZAG (10): 1.3006
VORTEX (21): 1.0170
Stochastique (14,3,5): 50.00
TEMA (21): 1.3020
Williams %R (14): -53.42
Chande Momentum Oscillator (20): 0.0057
Repulse (5,40,3): 0.4168
ROCnROLL: 1
TRIX (15,9): 0.0155
Courbe Coppock: 0.58
MA7: 1.2991
MA20: 1.2996
MA50: 1.2990
MA100: 1.2890
MAexp7: 1.3005
MAexp20: 1.2988
MAexp50: 1.2964
MAexp100: 1.2894
Price / MA7: +0.08%
Price / MA20: +0.04%
Price / MA50: +0.08%
Price / MA100: +0.86%
Price / MAexp7: -0.04%
Price / MAexp20: +0.09%
Price / MAexp50: +0.28%
Price / MAexp100: +0.82%

Quotes : 2020-11-04 11:11:35 - Real time data - Forex

News


The latest news and videos published on GBP/USD at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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