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 10/26/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.3690 USD
My targets
1.3964 USD (+0.0188)
1.4145 USD (+0.0369)
My analysis
The strong short-term increase of GBP/USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 1.3690 USD, a purchase could be considered. The first bullish objective is located at 1.3964 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 1.4145 USD. If there is any crossing, the next objective would be the resistance at 1.4284 USD. Caution, if there is a return under 1.3690 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

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
0
10
3.8

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

Additional analysis

Quotes

GBP/USD rating 1.3776 USD. The price has increased by +0.09% since the last closing and was between 1.3757 USD and 1.3777 USD. This implies that the price is at +0.14% from its lowest and at -0.01% from its highest.

1.3757
1.3777
1.3776

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

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 an item:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of GBP/USD indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily


Near resistance of triangle

Type : Bearish

Timeframe : Daily


Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3427 1.3625 1.3690 1.3776 1.3820 1.3964 1.4145
Change (%) -2.53% -1.10% -0.62% - +0.32% +1.36% +2.68%
Change -0.0349 -0.0151 -0.0086 - +0.0044 +0.0188 +0.0369
Level Minor 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
Standard1.36851.37121.37381.37651.37911.38181.3844
Camarilla1.37491.37541.37591.37641.37691.37741.3779
Woodie1.36851.37121.37381.37651.37911.38181.3844
Fibonacci1.37121.37321.37451.37651.37851.37981.3818


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.35741.36411.37001.37671.38261.38931.3952
Camarilla1.37231.37351.37471.37581.37701.37811.3793
Woodie1.35691.36391.36951.37651.38211.38911.3947
Fibonacci1.36411.36901.37191.37671.38161.38451.3893


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.27821.30971.32831.35981.37841.40991.4285
Camarilla1.33311.33771.34231.34691.35151.35611.3607
Woodie1.27181.30651.32191.35661.37201.40671.4221
Fibonacci1.30971.32881.34071.35981.37891.39081.4099

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): 55.91
MACD (12,26,9): 0.0025
Directional Movement: 5.4475
AROON (14): 71.4286
DEMA (21): 1.3732
Parabolic SAR (0,02-0,02-0,2): 1.3660
Elder Ray (13): 0.0037
Super Trend (3,10): 1.3547
Zig ZAG (10): 1.3768
VORTEX (21): 1.0534
Stochastique (14,3,5): 74.65
TEMA (21): 1.3779
Williams %R (14): -25.19
Chande Momentum Oscillator (20): 0.0153
Repulse (5,40,3): -0.0101
ROCnROLL: 1
TRIX (15,9): 0.0031
Courbe Coppock: 2.77
MA7: 1.3776
MA20: 1.3659
MA50: 1.3710
MA100: 1.3792
MAexp7: 1.3758
MAexp20: 1.3712
MAexp50: 1.3725
MAexp100: 1.3765
Price / MA7: -0%
Price / MA20: +0.86%
Price / MA50: +0.48%
Price / MA100: -0.12%
Price / MAexp7: +0.13%
Price / MAexp20: +0.47%
Price / MAexp50: +0.37%
Price / MAexp100: +0.08%

Quotes : - Real time data - Forex

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

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