GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
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High: -
High / Low range: -
Type: Forex
Ticker: GBPUSD
ISIN:

GBP/USD - Daily - Technical analysis published on 05/07/2021 (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
44%
22%
33%
My opinion
Bullish above 1.3800 USD
My targets
1.3990 USD (+0.0092)
1.4146 USD (+0.0248)
My analysis
GBP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.3800 USD. The next resistance located at 1.3990 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.4146 USD. After this resistance, buyers could then target 1.4340 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.1

Complete this analysis for 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

GBP/USD rating 1.3898 USD. The price registered an increase of +0.02% on the session and was between 1.3890 USD and 1.3929 USD. This implies that the price is at +0.06% from its lowest and at -0.22% from its highest.

1.3890
1.3929
1.3898

Here is a more detailed summary of the historical variations registered by GBP/USD:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/USD in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Near resistance of triangle

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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3473 1.3685 1.3800 1.3898 1.3990 1.4146 1.4340
Change (%) -3.06% -1.53% -0.71% - +0.66% +1.78% +3.18%
Change -0.0425 -0.0213 -0.0098 - +0.0092 +0.0248 +0.0442
Level Major Intermediate Major - Major Minor 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
Standard1.37701.38141.38541.38981.39381.39821.4022
Camarilla1.38721.38801.38871.38951.39031.39101.3918
Woodie1.37691.38131.38531.38971.39371.39811.4021
Fibonacci1.38141.38461.38661.38981.39301.39501.3982


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.35791.36911.37541.38661.39291.40411.4104
Camarilla1.37701.37861.38021.38181.38341.38501.3866
Woodie1.35561.36791.37311.38541.39061.40291.4081
Fibonacci1.36911.37581.37991.38661.39331.39741.4041


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.33151.34921.36551.38321.39951.41721.4335
Camarilla1.37251.37561.37871.38181.38491.38801.3912
Woodie1.33081.34891.36481.38291.39881.41691.4328
Fibonacci1.34921.36221.37021.38321.39621.40421.4172

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): 53.19
MACD (12,26,9): 0.0019
Directional Movement: -3.7706
AROON (14): -64.2857
DEMA (21): 1.3903
Parabolic SAR (0,02-0,02-0,2): 1.3813
Elder Ray (13): 0.0021
Super Trend (3,10): 1.3702
Zig ZAG (10): 1.3899
VORTEX (21): 1.0940
Stochastique (14,3,5): 52.73
TEMA (21): 1.3913
Williams %R (14): -53.37
Chande Momentum Oscillator (20): -0.0033
Repulse (5,40,3): -0.0286
ROCnROLL: 1
TRIX (15,9): 0.0187
Courbe Coppock: 0.82
MA7: 1.3894
MA20: 1.3876
MA50: 1.3857
MA100: 1.3784
MAexp7: 1.3896
MAexp20: 1.3879
MAexp50: 1.3843
MAexp100: 1.3728
Price / MA7: +0.03%
Price / MA20: +0.16%
Price / MA50: +0.30%
Price / MA100: +0.83%
Price / MAexp7: +0.01%
Price / MAexp20: +0.14%
Price / MAexp50: +0.40%
Price / MAexp100: +1.24%

Quotes : - Real time data - Forex

News


The latest news and videos published on GBP/USD at the time of the analysis were as follows:

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

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