GBP/USD
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 04/21/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.3800 USD
My targets
1.4146 USD (+0.0242)
1.4340 USD (+0.0436)
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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9

This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly
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.

Additional analysis

Quotes

The GBP/USD price is 1.3904 USD. The price registered a decrease of -0.24% on the session and was between 1.3900 USD and 1.3950 USD. This implies that the price is at +0.03% from its lowest and at -0.33% from its highest.

1.3900
1.3950
1.3904

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

Technical


Technical analysis of this Daily chart of GBP/USD indicates that the overall trend is strongly bullish. 89.29% 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 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


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

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


S3S2S1PriceR1R2R3
ProTrendLines 1.3473 1.3685 1.3800 1.3904 1.4146 1.4340 1.7156
Change (%) -3.10% -1.58% -0.75% - +1.74% +3.14% +23.39%
Change -0.0431 -0.0219 -0.0104 - +0.0242 +0.0436 +0.3252
Level Major Major 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
Standard1.38231.38751.39061.39581.39891.40411.4072
Camarilla1.39151.39231.39301.39381.39461.39531.3961
Woodie1.38141.38701.38971.39531.39801.40361.4063
Fibonacci1.38751.39061.39261.39581.39891.40091.4041


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.35501.36101.37271.37871.39041.39641.4081
Camarilla1.37961.38131.38291.38451.38611.38781.3894
Woodie1.35801.36241.37571.38011.39341.39781.4111
Fibonacci1.36101.36771.37191.37871.38541.38961.3964


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.32851.34771.36321.38241.39791.41711.4326
Camarilla1.36911.37221.37541.37861.38181.38501.3881
Woodie1.32661.34681.36131.38151.39601.41621.4307
Fibonacci1.34771.36101.36921.38241.39571.40391.4171

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): 56.05
MACD (12,26,9): 0.0014
Directional Movement: 6.2474
AROON (14): 42.8571
DEMA (21): 1.3845
Parabolic SAR (0,02-0,02-0,2): 1.3689
Elder Ray (13): 0.0080
Super Trend (3,10): 1.3677
Zig ZAG (10): 1.3904
VORTEX (21): 1.0966
Stochastique (14,3,5): 82.34
TEMA (21): 1.3860
Williams %R (14): -31.18
Chande Momentum Oscillator (20): -0.0009
Repulse (5,40,3): 0.3045
ROCnROLL: 1
TRIX (15,9): -0.0131
Courbe Coppock: 0.92
MA7: 1.3858
MA20: 1.3809
MA50: 1.3874
MA100: 1.3722
MAexp7: 1.3876
MAexp20: 1.3837
MAexp50: 1.3810
MAexp100: 1.3684
Price / MA7: +0.33%
Price / MA20: +0.69%
Price / MA50: +0.22%
Price / MA100: +1.33%
Price / MAexp7: +0.20%
Price / MAexp20: +0.48%
Price / MAexp50: +0.68%
Price / MAexp100: +1.61%

Quotes : - 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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