GBP/USD - 15 min. - Technical analysis published on 04/03/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 1.2362 USD
My targets
1.2398 USD (+0.0007)
1.2460 USD (+0.0069)
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 1.2362 USD. The buyers' bullish objective is set at 1.2398 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.2460 USD. If there is any crossing, the next objective would be the resistance located at 1.2496 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by nwbrown2. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.2391 USD. The price has increased by +0.44% since the last closing and was between 1.2274 USD and 1.2421 USD. This implies that the price is at +0.95% from its lowest and at -0.24% from its highest.1.2274
1.2421
1.2391
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 15 min. of this GBP/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2293 | 1.2344 | 1.2362 | 1.2391 | 1.2398 | 1.2418 | 1.2727 |
| Change (%) | -0.79% | -0.38% | -0.23% | - | +0.06% | +0.22% | +2.71% |
| Change | -0.0098 | -0.0047 | -0.0029 | - | +0.0007 | +0.0027 | +0.0336 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | 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 | 1.2202 | 1.2264 | 1.2300 | 1.2362 | 1.2398 | 1.2460 | 1.2496 |
| Camarilla | 1.2310 | 1.2319 | 1.2328 | 1.2337 | 1.2346 | 1.2355 | 1.2364 |
| Woodie | 1.2190 | 1.2258 | 1.2288 | 1.2356 | 1.2386 | 1.2454 | 1.2484 |
| Fibonacci | 1.2264 | 1.2301 | 1.2324 | 1.2362 | 1.2399 | 1.2422 | 1.2460 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2026 | 1.2122 | 1.2230 | 1.2326 | 1.2434 | 1.2530 | 1.2638 |
| Camarilla | 1.2281 | 1.2300 | 1.2318 | 1.2337 | 1.2356 | 1.2374 | 1.2393 |
| Woodie | 1.2031 | 1.2125 | 1.2235 | 1.2329 | 1.2439 | 1.2533 | 1.2643 |
| Fibonacci | 1.2122 | 1.2200 | 1.2248 | 1.2326 | 1.2404 | 1.2452 | 1.2530 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1332 | 1.1568 | 1.1952 | 1.2188 | 1.2572 | 1.2808 | 1.3192 |
| Camarilla | 1.2167 | 1.2223 | 1.2280 | 1.2337 | 1.2394 | 1.2451 | 1.2508 |
| Woodie | 1.1407 | 1.1605 | 1.2027 | 1.2225 | 1.2647 | 1.2845 | 1.3267 |
| Fibonacci | 1.1568 | 1.1805 | 1.1951 | 1.2188 | 1.2425 | 1.2571 | 1.2808 |
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): | 60.69 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 11.1752 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.2402 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2419 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.2375 | |
| Zig ZAG (10): | 1.2392 | |
| VORTEX (21): | 1.1265 | |
| Stochastique (14,3,5): | 22.66 | |
| TEMA (21): | 1.2403 | |
| Williams %R (14): | -65.12 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | -0.0016 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0218 | |
| Courbe Coppock: | 0.31 |
| MA7: | 1.2326 | |
| MA20: | 1.2181 | |
| MA50: | 1.2150 | |
| MA100: | 1.2137 | |
| MAexp7: | 1.2392 | |
| MAexp20: | 1.2381 | |
| MAexp50: | 1.2356 | |
| MAexp100: | 1.2345 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +1.72% | |
| Price / MA50: | +1.98% | |
| Price / MA100: | +2.09% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.37% |
Quotes :
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Real time data
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Forex
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Forecast April 3, 2023
-
GBP/USD Technical Analysis for the Week of April 04, 2023 by FXEmpire
-
GBP/USD Forecast March 30, 2023
-
GBP/USD Forecast March 29, 2023
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Technical Analysis: 28/03/2023 - GBPUSD aims for a bullish breakout
This member declared not having a position on this financial instrument or a related financial instrument.
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