GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPUSD
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GBP/USD - Daily - Technical analysis published on 10/10/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 1.2286 USD
My targets
1.2493 USD (+0.41%)
1.3032 USD (+4.74%)
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 1.2286 USD. The buyers” bullish objective is set at 1.2493 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3032 USD. If there is any crossing, the next objective would be the resistance located at 1.3317 USD.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.3

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The GBP/USD rating is 1.2442 USD. On the day, this instrument gained +1.88% and was traded between 1.2208 USD and 1.2469 USD over the period. The price is currently at +1.92% from its lowest and -0.22% from its highest.

1.2208
1.2469
1.2442

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of GBP/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 10 are bullish, 4 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2039 1.2170 1.2286 1.2442 1.2493 1.3032 1.3317
Change (%) -3.24% -2.19% -1.25% - +0.41% +4.74% +7.03%
Change -0.0403 -0.0272 -0.0156 - +0.0051 +0.0590 +0.0875
Level Major Minor Intermediate - Major Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.20821.21401.21761.22341.22701.23281.2364
Camarilla1.21861.21951.22031.22121.22211.22291.2238
Woodie1.20711.21351.21651.22291.22591.23231.2353
Fibonacci1.21401.21761.21981.22341.22701.22921.2328


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.20121.21081.22201.23161.24281.25241.2636
Camarilla1.22741.22931.23121.23311.23501.23691.2388
Woodie1.20191.21121.22271.23201.24351.25281.2643
Fibonacci1.21081.21881.22371.23161.23961.24451.2524


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.13471.16521.19711.22761.25951.29001.3219
Camarilla1.21171.21751.22321.22891.23461.24031.2461
Woodie1.13531.16561.19771.22801.26011.29041.3225
Fibonacci1.16521.18911.20381.22761.25151.26621.2900

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): 58.02
MACD (12,26,9): -0.0003
Directional Movement: 6.3103
AROON (14): -85.7143
DEMA (21): 1.2331
Parabolic SAR (0,02-0,02-0,2): 1.2195
Elder Ray (13): 0.0014
Super Trend (3,10): 1.2189
Zig ZAG (10): 1.2440
VORTEX (21): 0.9551
Stochastique (14,3,5): 30.13
TEMA (21): 1.2318
Williams %R (14): -20.78
Chande Momentum Oscillator (20): -0.0048
Repulse (5,40,3): 1.6334
ROCnROLL: 1
TRIX (15,9): 0.0142
Courbe Coppock: 2.41
MA7: 1.2305
MA20: 1.2376
MA50: 1.2263
MA100: 1.2414
MAexp7: 1.2317
MAexp20: 1.2328
MAexp50: 1.2339
MAexp100: 1.2438
Price / MA7: +1.11%
Price / MA20: +0.53%
Price / MA50: +1.46%
Price / MA100: +0.23%
Price / MAexp7: +1.01%
Price / MAexp20: +0.92%
Price / MAexp50: +0.83%
Price / MAexp100: +0.03%

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

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