GBP/USD - Daily - Technical analysis published on 03/04/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 1.3800 USD
My targets
1.4146 USD (+0.0206)
1.4340 USD (+0.0400)
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 1.3800 USD. The buyers” bullish objective is set at 1.4146 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.1
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This analysis was given by m_showlag. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.3940 USD. On the day, this instrument gained +0.14% and was traded between 1.3921 USD and 1.3945 USD over the period. The price is currently at +0.14% from its lowest and -0.04% from its highest.1.3921
1.3945
1.3940
A study of price movements over other periods shows the following variations:
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3473 | 1.3654 | 1.3800 | 1.3940 | 1.4146 | 1.4340 | 1.7156 |
| Change (%) | -3.35% | -2.05% | -1.00% | - | +1.48% | +2.87% | +23.07% |
| Change | -0.0467 | -0.0286 | -0.0140 | - | +0.0206 | +0.0400 | +0.3216 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | 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 | 1.3808 | 1.3864 | 1.3893 | 1.3949 | 1.3978 | 1.4034 | 1.4063 |
| Camarilla | 1.3898 | 1.3905 | 1.3913 | 1.3921 | 1.3929 | 1.3937 | 1.3944 |
| Woodie | 1.3794 | 1.3857 | 1.3879 | 1.3942 | 1.3964 | 1.4027 | 1.4049 |
| Fibonacci | 1.3864 | 1.3897 | 1.3917 | 1.3949 | 1.3982 | 1.4002 | 1.4034 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3439 | 1.3663 | 1.3793 | 1.4017 | 1.4147 | 1.4371 | 1.4501 |
| Camarilla | 1.3825 | 1.3857 | 1.3890 | 1.3922 | 1.3954 | 1.3987 | 1.4019 |
| Woodie | 1.3391 | 1.3640 | 1.3745 | 1.3994 | 1.4099 | 1.4348 | 1.4453 |
| Fibonacci | 1.3663 | 1.3799 | 1.3882 | 1.4017 | 1.4153 | 1.4236 | 1.4371 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2902 | 1.3234 | 1.3578 | 1.3910 | 1.4254 | 1.4586 | 1.4930 |
| Camarilla | 1.3736 | 1.3798 | 1.3860 | 1.3922 | 1.3984 | 1.4046 | 1.4108 |
| Woodie | 1.2908 | 1.3237 | 1.3584 | 1.3913 | 1.4260 | 1.4589 | 1.4936 |
| Fibonacci | 1.3234 | 1.3492 | 1.3652 | 1.3910 | 1.4168 | 1.4328 | 1.4586 |
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): | 55.76 | |
| MACD (12,26,9): | 0.0070 | |
| Directional Movement: | 5.6115 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.4012 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4199 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.3870 | |
| Zig ZAG (10): | 1.3939 | |
| VORTEX (21): | 1.1513 | |
| Stochastique (14,3,5): | 32.08 | |
| TEMA (21): | 1.4004 | |
| Williams %R (14): | -73.61 | |
| Chande Momentum Oscillator (20): | 0.0053 | |
| Repulse (5,40,3): | -0.4281 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0927 | |
| Courbe Coppock: | 2.28 |
| MA7: | 1.3974 | |
| MA20: | 1.3922 | |
| MA50: | 1.3746 | |
| MA100: | 1.3483 | |
| MAexp7: | 1.3956 | |
| MAexp20: | 1.3911 | |
| MAexp50: | 1.3753 | |
| MAexp100: | 1.3541 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | +1.41% | |
| Price / MA100: | +3.39% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +1.36% | |
| Price / MAexp100: | +2.95% |
Quotes :
2021-03-04 03:41:54
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Real time data
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Forex
News
Don"t forget to follow the news on GBP/USD. At the time of publication of this analysis, the latest news was as follows:
-
GBP/USD Technical Analysis for March 4, 2021 by FXEmpire
-
GBP/USD Daily Forecast - Test Of Resistance At 1.3950
-
GBP/USD Technical Analysis for March 3, 2021 by FXEmpire
-
GBP/USD Daily Forecast - Test Of Support At 1.3900
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GBP/USD Technical Analysis for March 2, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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