GBP/USD
GBP USD
1.3922 USD (-0.59%)
Closed Real time data - Forex
Open: 1.4004
Change: -0.0082
Volume: 228,304
Low: 1.3888
High: 1.4022
High / Low range: 0.0134
Type: Forex
Ticker: GBPUSD
ISIN:

GBP/USD - Daily - Technical analysis published on 01/22/2021

  • Who voted?
  • 104
  • 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 2021-01-22 11:17:39
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 1.3473 USD
My targets
1.3800 USD (+0.0134)
1.4340 USD (+0.0674)
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 1.3473 USD. The buyers” bullish objective is set at 1.3800 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4340 USD. If there is any crossing, the next objective would be the resistance located at 1.7156 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
7.1

This analysis was given by m_showlag. 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 price is 1.3666 USD. The price registered a decrease of -0.46% on the session and was between 1.3651 USD and 1.3736 USD. This implies that the price is at +0.11% from its lowest and at -0.51% from its highest.

1.3651
1.3736
1.3666

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

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 has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

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:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Daily


Resistance of triangle 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


S3S2S1PriceR1R2R3
ProTrendLines 1.2314 1.2704 1.3473 1.3666 1.3682 1.3800 1.4340
Change (%) -9.89% -7.04% -1.41% - +0.12% +0.98% +4.93%
Change -0.1352 -0.0962 -0.0193 - +0.0016 +0.0134 +0.0674
Level Minor Major Major - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.35901.36241.36771.37111.37641.37981.3851
Camarilla1.37051.37131.37211.37291.37371.37451.3753
Woodie1.35991.36291.36861.37161.37731.38031.3860
Fibonacci1.36241.36581.36781.37111.37451.37651.3798


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.31931.33221.34531.35821.37131.38421.3973
Camarilla1.35131.35361.35601.35841.36081.36321.3656
Woodie1.31941.33231.34541.35831.37141.38431.3974
Fibonacci1.33221.34211.34831.35821.36811.37431.3842


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.27591.29471.33111.34991.38631.40511.4415
Camarilla1.35241.35751.36251.36761.37271.37771.3828
Woodie1.28481.29911.34001.35431.39521.40951.4504
Fibonacci1.29471.31581.32881.34991.37101.38401.4051

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 57.14
MACD (12,26,9): 0.0065
Directional Movement: 6.8888
AROON (14): 57.1428
DEMA (21): 1.3689
Parabolic SAR (0,02-0,02-0,2): 1.3527
Elder Ray (13): 0.0063
Super Trend (3,10): 1.3370
Zig ZAG (10): 1.3667
VORTEX (21): 1.1480
Stochastique (14,3,5): 82.12
TEMA (21): 1.3682
Williams %R (14): -28.14
Chande Momentum Oscillator (20): 0.0039
Repulse (5,40,3): -0.0645
ROCnROLL: 1
TRIX (15,9): 0.0713
Courbe Coppock: 1.19
MA7: 1.3649
MA20: 1.3609
MA50: 1.3457
MA100: 1.3216
MAexp7: 1.3655
MAexp20: 1.3599
MAexp50: 1.3461
MAexp100: 1.3286
Price / MA7: +0.12%
Price / MA20: +0.42%
Price / MA50: +1.55%
Price / MA100: +3.40%
Price / MAexp7: +0.08%
Price / MAexp20: +0.49%
Price / MAexp50: +1.52%
Price / MAexp100: +2.86%

Quotes : 2021-01-22 11:17:39 - Real time data - Forex

News


The last news published on GBP/USD at the time of the generation of this analysis was as follows:

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

About author

Online

Overall rating :
13618
Number of analyses :
Followers :
0

Add a comment

no pic

Comments

0 comments on the analysis GBP/USD - Daily