GBP/USD - Daily - Technical analysis published on 10/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.2743 USD
My targets
1.2894 USD (+0.56%)
1.3032 USD (+1.64%)
My analysis
The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.2743 USD, you could try to benefit from the boom. The first bullish objective is located at 1.2894 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.3032 USD as an objective. Crossing it would then enable buyers to target 1.3175 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.2822 USD. The price registered a decrease of -0.05% on the session with the lowest point at 1.2821 USD and the highest point at 1.2828 USD. The deviation from the price is +0.01% for the low point and -0.05% for the high point.1.2821
1.2828
1.2822
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GBP/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2212 | 1.2493 | 1.2743 | 1.2822 | 1.2894 | 1.3032 | 1.3175 |
| Change (%) | -4.76% | -2.57% | -0.62% | - | +0.56% | +1.64% | +2.75% |
| Change | -0.0610 | -0.0329 | -0.0079 | - | +0.0072 | +0.0210 | +0.0353 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
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 | 1.2787 | 1.2798 | 1.2813 | 1.2824 | 1.2839 | 1.2850 | 1.2865 |
| Camarilla | 1.2821 | 1.2823 | 1.2826 | 1.2828 | 1.2830 | 1.2833 | 1.2835 |
| Woodie | 1.2789 | 1.2799 | 1.2815 | 1.2825 | 1.2841 | 1.2851 | 1.2867 |
| Fibonacci | 1.2798 | 1.2808 | 1.2814 | 1.2824 | 1.2834 | 1.2840 | 1.2850 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2514 | 1.2651 | 1.2739 | 1.2876 | 1.2964 | 1.3101 | 1.3189 |
| Camarilla | 1.2765 | 1.2786 | 1.2806 | 1.2827 | 1.2848 | 1.2868 | 1.2889 |
| Woodie | 1.2490 | 1.2639 | 1.2715 | 1.2864 | 1.2940 | 1.3089 | 1.3165 |
| Fibonacci | 1.2651 | 1.2737 | 1.2790 | 1.2876 | 1.2962 | 1.3015 | 1.3101 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1347 | 1.1652 | 1.1971 | 1.2276 | 1.2595 | 1.2900 | 1.3219 |
| Camarilla | 1.2117 | 1.2175 | 1.2232 | 1.2289 | 1.2346 | 1.2403 | 1.2461 |
| Woodie | 1.1353 | 1.1656 | 1.1977 | 1.2280 | 1.2601 | 1.2904 | 1.3225 |
| Fibonacci | 1.1652 | 1.1891 | 1.2038 | 1.2276 | 1.2515 | 1.2662 | 1.2900 |
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): | 62.61 | |
| MACD (12,26,9): | 0.0136 | |
| Directional Movement: | 15.6476 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.2876 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2747 | |
| Elder Ray (13): | 0.0049 | |
| Super Trend (3,10): | 1.2481 | |
| Zig ZAG (10): | 1.2823 | |
| VORTEX (21): | 1.1938 | |
| Stochastique (14,3,5): | 76.99 | |
| TEMA (21): | 1.2941 | |
| Williams %R (14): | -23.60 | |
| Chande Momentum Oscillator (20): | 0.0175 | |
| Repulse (5,40,3): | -0.0609 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1529 | |
| Courbe Coppock: | 8.41 |
| MA7: | 1.2871 | |
| MA20: | 1.2645 | |
| MA50: | 1.2448 | |
| MA100: | 1.2434 | |
| MAexp7: | 1.2834 | |
| MAexp20: | 1.2702 | |
| MAexp50: | 1.2540 | |
| MAexp100: | 1.2528 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | +1.40% | |
| Price / MA50: | +3.00% | |
| Price / MA100: | +3.12% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.94% | |
| Price / MAexp50: | +2.25% | |
| Price / MAexp100: | +2.35% |
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
-
GBP/USD Technical Analysis for October 28, 2019 by FXEmpire
-
GBP/USD Technical Analysis for the week of October 28, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 25, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 24, 2019 by FXEmpire
-
GBP/USD Technical Analysis for October 23, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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