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 02/10/2021 (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

72%

22%

My opinion

Bullish above 1.3652 USD

My targets

1.4133 USD (+0.0293)

1.4340 USD (+0.0500)

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 1.3652 USD. The buyers” bullish objective is set at 1.4133 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

8.2

Comment on the analysis

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.

This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/USD price is 1.3840 USD. On the day, this instrument gained +0.18% with the lowest point at 1.3802 USD and the highest point at 1.3856 USD. The deviation from the price is +0.28% for the low point and -0.12% for the high point.

1.3802

1.3856

1.3840

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

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 the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of GBP/USD indicates that the overall trend is strongly bullish. 92.86% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

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:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.3473	1.3652	1.3800	1.3840	1.4340	1.7156	1.9435
Change (%)	-2.65%	-1.36%	-0.29%	-	+3.61%	+23.96%	+40.43%
Change	-0.0367	-0.0188	-0.0040	-	+0.0500	+0.3316	+0.5595
Level	Intermediate	Intermediate	Intermediate	-	Major	Intermediate	Minor

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	1.3687	1.3714	1.3765	1.3792	1.3843	1.3870	1.3921
Camarilla	1.3794	1.3801	1.3808	1.3815	1.3822	1.3829	1.3836
Woodie	1.3698	1.3720	1.3776	1.3798	1.3854	1.3876	1.3932
Fibonacci	1.3714	1.3744	1.3763	1.3792	1.3822	1.3841	1.3870

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3424	1.3495	1.3616	1.3687	1.3808	1.3879	1.4000
Camarilla	1.3684	1.3702	1.3719	1.3737	1.3755	1.3772	1.3790
Woodie	1.3449	1.3508	1.3641	1.3700	1.3833	1.3892	1.4025
Fibonacci	1.3495	1.3568	1.3614	1.3687	1.3760	1.3806	1.3879

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3209	1.3330	1.3517	1.3638	1.3825	1.3946	1.4133
Camarilla	1.3619	1.3648	1.3676	1.3704	1.3732	1.3761	1.3789
Woodie	1.3242	1.3347	1.3550	1.3655	1.3858	1.3963	1.4166
Fibonacci	1.3330	1.3448	1.3520	1.3638	1.3756	1.3828	1.3946

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):	65.67
MACD (12,26,9):	0.0059
Directional Movement:	6.7025
AROON (14):	28.5714
DEMA (21):	1.3774
Parabolic SAR (0,02-0,02-0,2):	1.3580
Elder Ray (13):	0.0104
Super Trend (3,10):	1.3552
Zig ZAG (10):	1.3841
VORTEX (21):	1.1537
Stochastique (14,3,5):	95.32
TEMA (21):	1.3773
Williams %R (14):	-4.83
Chande Momentum Oscillator (20):	0.0166
Repulse (5,40,3):	1.1513
ROCnROLL:	1
TRIX (15,9):	0.0555
Courbe Coppock:	1.18

MA7:	1.3731
MA20:	1.3694
MA50:	1.3570
MA100:	1.3312
MAexp7:	1.3759
MAexp20:	1.3695
MAexp50:	1.3567
MAexp100:	1.3385
Price / MA7:	+0.79%
Price / MA20:	+1.07%
Price / MA50:	+1.99%
Price / MA100:	+3.97%
Price / MAexp7:	+0.58%
Price / MAexp20:	+1.05%
Price / MAexp50:	+2.00%
Price / MAexp100:	+3.39%

Quotes : 2021-02-10 10:28:37 - 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.

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