GBP/USD
GBP USD
1.3584 USD (-0.72%)
Closed Real time data - Forex
Open: 1.3682
Change: -0.0099
Volume: 174,212
Low: 1.3572
High: 1.3698
High / Low range: 0.0126
Type: Forex
Ticker: GBPUSD
ISIN:

GBP/USD - Daily - Technical analysis published on 11/18/2020

  • Who voted?
  • 96
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on 2020-11-18 10:52:48
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.3053 USD
My targets
1.3473 USD (+0.0186)
1.3800 USD (+0.0513)
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
8.8

This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on 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 rating is 1.3287 USD. The price has increased by +0.23% since the last closing with the lowest point at 1.3243 USD and the highest point at 1.3298 USD. The deviation from the price is +0.33% for the low point and -0.08% for the high point.

1.3243
1.3298
1.3287

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 an item:

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 strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2306 1.2704 1.3053 1.3287 1.3473 1.3800 1.4340
Change (%) -7.38% -4.39% -1.76% - +1.40% +3.86% +7.93%
Change -0.0981 -0.0583 -0.0234 - +0.0186 +0.0513 +0.1053
Level Minor Intermediate Major - 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
Standard1.31291.31611.32091.32411.32891.33211.3369
Camarilla1.32351.32421.32501.32571.32641.32721.3279
Woodie1.31371.31651.32171.32451.32971.33251.3377
Fibonacci1.31611.31921.32101.32411.32721.32901.3321


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.28901.29981.30981.32061.33061.34141.3514
Camarilla1.31411.31601.31791.31981.32171.32361.3255
Woodie1.28861.29961.30941.32041.33021.34121.3510
Fibonacci1.29981.30781.31271.32061.32861.33351.3414


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 61.81
MACD (12,26,9): 0.0073
Directional Movement: 11.9581
AROON (14): 50.0000
DEMA (21): 1.3216
Parabolic SAR (0,02-0,02-0,2): 1.3084
Elder Ray (13): 0.0101
Super Trend (3,10): 1.2937
Zig ZAG (10): 1.3290
VORTEX (21): 1.1295
Stochastique (14,3,5): 87.29
TEMA (21): 1.3265
Williams %R (14): -5.23
Chande Momentum Oscillator (20): 0.0367
Repulse (5,40,3): 0.9574
ROCnROLL: 1
TRIX (15,9): 0.0618
Courbe Coppock: 3.34
MA7: 1.3224
MA20: 1.3104
MA50: 1.2983
MA100: 1.2968
MAexp7: 1.3219
MAexp20: 1.3129
MAexp50: 1.3043
MAexp100: 1.2950
Price / MA7: +0.48%
Price / MA20: +1.40%
Price / MA50: +2.34%
Price / MA100: +2.46%
Price / MAexp7: +0.51%
Price / MAexp20: +1.20%
Price / MAexp50: +1.87%
Price / MAexp100: +2.60%

Quotes : 2020-11-18 10:52:46 - 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

Online

Overall rating :
13572
Number of analyses :
Followers :
0

Add a comment

no pic

Comments

0 comments on the analysis GBP/USD - Daily