GBP/USD - Daily - Technical analysis published on 10/26/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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:
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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD:
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:
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:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.3685 | 1.3712 | 1.3738 | 1.3765 | 1.3791 | 1.3818 | 1.3844 |
Camarilla | 1.3749 | 1.3754 | 1.3759 | 1.3764 | 1.3769 | 1.3774 | 1.3779 |
Woodie | 1.3685 | 1.3712 | 1.3738 | 1.3765 | 1.3791 | 1.3818 | 1.3844 |
Fibonacci | 1.3712 | 1.3732 | 1.3745 | 1.3765 | 1.3785 | 1.3798 | 1.3818 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.3574 | 1.3641 | 1.3700 | 1.3767 | 1.3826 | 1.3893 | 1.3952 |
Camarilla | 1.3723 | 1.3735 | 1.3747 | 1.3758 | 1.3770 | 1.3781 | 1.3793 |
Woodie | 1.3569 | 1.3639 | 1.3695 | 1.3765 | 1.3821 | 1.3891 | 1.3947 |
Fibonacci | 1.3641 | 1.3690 | 1.3719 | 1.3767 | 1.3816 | 1.3845 | 1.3893 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.2782 | 1.3097 | 1.3283 | 1.3598 | 1.3784 | 1.4099 | 1.4285 |
Camarilla | 1.3331 | 1.3377 | 1.3423 | 1.3469 | 1.3515 | 1.3561 | 1.3607 |
Woodie | 1.2718 | 1.3065 | 1.3219 | 1.3566 | 1.3720 | 1.4067 | 1.4221 |
Fibonacci | 1.3097 | 1.3288 | 1.3407 | 1.3598 | 1.3789 | 1.3908 | 1.4099 |
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
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 October 26, 2021 by FXEmpire
- GBP/USD Technical Analysis for the Week of October 25, 2021 by FXEmpire
- GBP/USD Technical Analysis for October 25, 2021 by FXEmpire
- GBP/USD Technical Analysis for October 22, 2021 by FXEmpire
- GBP/USD Technical Analysis for October 21, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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