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 03/11/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 1.2623 USD

My targets

1.2927 USD (+0.0081)

1.3128 USD (+0.0282)

My analysis

The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.2623 USD, you could try to benefit from the boom. The first bullish objective is located at 1.2927 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.3128 USD as an objective. Crossing it would then enable buyers to target 1.3705 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.6

Comment on the analysis

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.

This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/USD price is 1.2846 USD. On the day, this instrument lost -0.05% with the lowest point at 1.2831 USD and the highest point at 1.2864 USD. The deviation from the price is +0.12% for the low point and -0.14% for the high point.

1.2831

1.2864

1.2846

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

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 the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GBP/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2418	1.2623	1.2800	1.2846	1.2927	1.3128	1.3705
Change (%)	-3.33%	-1.74%	-0.36%	-	+0.63%	+2.20%	+6.69%
Change	-0.0428	-0.0223	-0.0046	-	+0.0081	+0.0282	+0.0859
Level	Minor	Major	Major	-	Minor	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2711	1.2756	1.2804	1.2849	1.2897	1.2942	1.2990
Camarilla	1.2826	1.2835	1.2844	1.2852	1.2861	1.2869	1.2878
Woodie	1.2713	1.2757	1.2806	1.2850	1.2899	1.2943	1.2992
Fibonacci	1.2756	1.2792	1.2814	1.2849	1.2885	1.2907	1.2942

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2454	1.2551	1.2701	1.2798	1.2948	1.3045	1.3195
Camarilla	1.2784	1.2807	1.2829	1.2852	1.2875	1.2897	1.2920
Woodie	1.2482	1.2564	1.2729	1.2811	1.2976	1.3058	1.3223
Fibonacci	1.2551	1.2645	1.2703	1.2798	1.2892	1.2950	1.3045

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2252	1.2385	1.2506	1.2639	1.2760	1.2893	1.3014
Camarilla	1.2557	1.2580	1.2604	1.2627	1.2650	1.2674	1.2697
Woodie	1.2246	1.2382	1.2500	1.2636	1.2754	1.2890	1.3008
Fibonacci	1.2385	1.2482	1.2542	1.2639	1.2736	1.2796	1.2893

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):	70.49
MACD (12,26,9):	0.0041
Directional Movement:	19.8014
AROON (14):	92.8571
DEMA (21):	1.2750
Parabolic SAR (0,02-0,02-0,2):	1.2617
Elder Ray (13):	0.0115
Super Trend (3,10):	1.2645
Zig ZAG (10):	1.2847
VORTEX (21):	1.1661
Stochastique (14,3,5):	89.97
TEMA (21):	1.2788
Williams %R (14):	-16.33
Chande Momentum Oscillator (20):	0.0184
Repulse (5,40,3):	0.6247
ROCnROLL:	1
TRIX (15,9):	0.0157
Courbe Coppock:	2.34

MA7:	1.2757
MA20:	1.2674
MA50:	1.2680
MA100:	1.2580
MAexp7:	1.2776
MAexp20:	1.2708
MAexp50:	1.2667
MAexp100:	1.2615
Price / MA7:	+0.70%
Price / MA20:	+1.36%
Price / MA50:	+1.31%
Price / MA100:	+2.11%
Price / MAexp7:	+0.55%
Price / MAexp20:	+1.09%
Price / MAexp50:	+1.41%
Price / MAexp100:	+1.83%

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:

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

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