GBP/USD - Daily - Technical analysis published on 04/21/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
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
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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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3823 | 1.3875 | 1.3906 | 1.3958 | 1.3989 | 1.4041 | 1.4072 |
| Camarilla | 1.3915 | 1.3923 | 1.3930 | 1.3938 | 1.3946 | 1.3953 | 1.3961 |
| Woodie | 1.3814 | 1.3870 | 1.3897 | 1.3953 | 1.3980 | 1.4036 | 1.4063 |
| Fibonacci | 1.3875 | 1.3906 | 1.3926 | 1.3958 | 1.3989 | 1.4009 | 1.4041 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3550 | 1.3610 | 1.3727 | 1.3787 | 1.3904 | 1.3964 | 1.4081 |
| Camarilla | 1.3796 | 1.3813 | 1.3829 | 1.3845 | 1.3861 | 1.3878 | 1.3894 |
| Woodie | 1.3580 | 1.3624 | 1.3757 | 1.3801 | 1.3934 | 1.3978 | 1.4111 |
| Fibonacci | 1.3610 | 1.3677 | 1.3719 | 1.3787 | 1.3854 | 1.3896 | 1.3964 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3285 | 1.3477 | 1.3632 | 1.3824 | 1.3979 | 1.4171 | 1.4326 |
| Camarilla | 1.3691 | 1.3722 | 1.3754 | 1.3786 | 1.3818 | 1.3850 | 1.3881 |
| Woodie | 1.3266 | 1.3468 | 1.3613 | 1.3815 | 1.3960 | 1.4162 | 1.4307 |
| Fibonacci | 1.3477 | 1.3610 | 1.3692 | 1.3824 | 1.3957 | 1.4039 | 1.4171 |
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:
-
GBP/USD Daily Forecast - Resistance At 1.4000 Remains A Major Obstacle On The Way Up
-
GBP/USD Technical Analysis for April 21, 2021 by FXEmpire
-
GBP/USD Daily Forecast - Test Of Major Resistance At 1.4000
-
GBP/USD Technical Analysis for April 20, 2021 by FXEmpire
-
GBP/USD Daily Forecast - British Pound Is Strong At The Start Of The Week
This member declared not having a position on this financial instrument or a related financial instrument.
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