GBP/USD - Daily - Technical analysis published on 11/12/2020 (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
56%
11%
33%
My opinion
Bullish above 1.3053 USD
My targets
1.3473 USD (+0.0355)
1.3800 USD (+0.0682)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/USD as long as the price remains well above 1.3053 USD. The buyers” bullish objective is set at 1.3473 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3800 USD. If there is any crossing, the next objective would be the resistance located at 1.4340 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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This analysis was given by Oshakati2018. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.3118 USD. The price registered a decrease of -0.79% on the session with the lowest point at 1.3106 USD and the highest point at 1.3228 USD. The deviation from the price is +0.09% for the low point and -0.83% for the high point.1.3106
1.3228
1.3118
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
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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2306 | 1.2704 | 1.3053 | 1.3118 | 1.3473 | 1.3800 | 1.4340 |
| Change (%) | -6.19% | -3.16% | -0.50% | - | +2.71% | +5.20% | +9.32% |
| Change | -0.0812 | -0.0414 | -0.0065 | - | +0.0355 | +0.0682 | +0.1222 |
| Level | Minor | Major | Intermediate | - | Major | 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 | 1.3048 | 1.3120 | 1.3171 | 1.3243 | 1.3294 | 1.3366 | 1.3417 |
| Camarilla | 1.3189 | 1.3200 | 1.3212 | 1.3223 | 1.3234 | 1.3246 | 1.3257 |
| Woodie | 1.3039 | 1.3115 | 1.3162 | 1.3238 | 1.3285 | 1.3361 | 1.3408 |
| Fibonacci | 1.3120 | 1.3167 | 1.3196 | 1.3243 | 1.3290 | 1.3319 | 1.3366 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2624 | 1.2739 | 1.2946 | 1.3061 | 1.3268 | 1.3383 | 1.3590 |
| Camarilla | 1.3063 | 1.3093 | 1.3123 | 1.3152 | 1.3182 | 1.3211 | 1.3241 |
| Woodie | 1.2669 | 1.2762 | 1.2991 | 1.3084 | 1.3313 | 1.3406 | 1.3635 |
| Fibonacci | 1.2739 | 1.2862 | 1.2938 | 1.3061 | 1.3184 | 1.3260 | 1.3383 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2427 | 1.2624 | 1.2784 | 1.2981 | 1.3141 | 1.3338 | 1.3498 |
| Camarilla | 1.2847 | 1.2880 | 1.2912 | 1.2945 | 1.2978 | 1.3011 | 1.3043 |
| Woodie | 1.2410 | 1.2615 | 1.2767 | 1.2972 | 1.3124 | 1.3329 | 1.3481 |
| Fibonacci | 1.2624 | 1.2760 | 1.2844 | 1.2981 | 1.3117 | 1.3201 | 1.3338 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.65 | |
| MACD (12,26,9): | 0.0056 | |
| Directional Movement: | 7.7554 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.3137 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2963 | |
| Elder Ray (13): | 0.0063 | |
| Super Trend (3,10): | 1.2860 | |
| Zig ZAG (10): | 1.3117 | |
| VORTEX (21): | 1.0899 | |
| Stochastique (14,3,5): | 77.82 | |
| TEMA (21): | 1.3180 | |
| Williams %R (14): | -42.27 | |
| Chande Momentum Oscillator (20): | 0.0089 | |
| Repulse (5,40,3): | -0.6485 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0428 | |
| Courbe Coppock: | 2.00 |
| MA7: | 1.3147 | |
| MA20: | 1.3053 | |
| MA50: | 1.2972 | |
| MA100: | 1.2933 | |
| MAexp7: | 1.3146 | |
| MAexp20: | 1.3072 | |
| MAexp50: | 1.3008 | |
| MAexp100: | 1.2925 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | +0.50% | |
| Price / MA50: | +1.13% | |
| Price / MA100: | +1.43% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.85% | |
| Price / MAexp100: | +1.49% |
Quotes :
2020-11-12 22:25:05
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Real time data
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Forex
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Technical Analysis for November 13, 2020 by FXEmpire
-
GBP/USD Technical Analysis For November 12, 2020 By FX Empire
-
GBP/USD Technical Analysis for November 12, 2020 by FXEmpire
-
GBP/USD Technical Analysis For November 11, 2020 By FX Empire
-
GBP/USD Technical Analysis for November 11, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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