GBP/USD - Daily - Technical analysis published on 01/26/2023 (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
67%
6%
28%
My opinion
Bullish above 1.2258 USD
My targets
1.2727 USD (+0.0327)
1.3208 USD (+0.0808)
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 1.2258 USD. The buyers' bullish objective is set at 1.2727 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3208 USD. If there is any crossing, the next objective would be the resistance located at 1.3708 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 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
8
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This analysis was given by shaunkc. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2400 USD. The price registered a decrease of -0.08% on the session and was traded between 1.2389 USD and 1.2417 USD over the period. The price is currently at +0.09% from its lowest and -0.14% from its highest.1.2389
1.2417
1.2400
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GBP/USD indicates that the overall trend is strongly bullish. 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.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 1.1492 | 1.2035 | 1.2258 | 1.2400 | 1.2419 | 1.2727 | 1.3208 |
| Change (%) | -7.32% | -2.94% | -1.15% | - | +0.15% | +2.64% | +6.52% |
| Change | -0.0908 | -0.0365 | -0.0142 | - | +0.0019 | +0.0327 | +0.0808 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | 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 | 1.2186 | 1.2235 | 1.2322 | 1.2371 | 1.2458 | 1.2507 | 1.2594 |
| Camarilla | 1.2373 | 1.2385 | 1.2398 | 1.2410 | 1.2423 | 1.2435 | 1.2447 |
| Woodie | 1.2206 | 1.2245 | 1.2342 | 1.2381 | 1.2478 | 1.2517 | 1.2614 |
| Fibonacci | 1.2235 | 1.2287 | 1.2319 | 1.2371 | 1.2423 | 1.2455 | 1.2507 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1964 | 1.2066 | 1.2231 | 1.2333 | 1.2498 | 1.2600 | 1.2765 |
| Camarilla | 1.2322 | 1.2346 | 1.2371 | 1.2395 | 1.2420 | 1.2444 | 1.2468 |
| Woodie | 1.1995 | 1.2082 | 1.2262 | 1.2349 | 1.2529 | 1.2616 | 1.2796 |
| Fibonacci | 1.2066 | 1.2168 | 1.2231 | 1.2333 | 1.2435 | 1.2498 | 1.2600 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1441 | 1.1717 | 1.1895 | 1.2171 | 1.2349 | 1.2625 | 1.2803 |
| Camarilla | 1.1948 | 1.1990 | 1.2031 | 1.2073 | 1.2115 | 1.2156 | 1.2198 |
| Woodie | 1.1392 | 1.1693 | 1.1846 | 1.2147 | 1.2300 | 1.2601 | 1.2754 |
| Fibonacci | 1.1717 | 1.1890 | 1.1998 | 1.2171 | 1.2344 | 1.2452 | 1.2625 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 62.65 | |
| MACD (12,26,9): | 0.0088 | |
| Directional Movement: | 5.7371 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.2367 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2263 | |
| Elder Ray (13): | 0.0098 | |
| Super Trend (3,10): | 1.2051 | |
| Zig ZAG (10): | 1.2391 | |
| VORTEX (21): | 1.1499 | |
| Stochastique (14,3,5): | 86.33 | |
| TEMA (21): | 1.2391 | |
| Williams %R (14): | -15.49 | |
| Chande Momentum Oscillator (20): | 0.0237 | |
| Repulse (5,40,3): | 0.5212 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0767 | |
| Courbe Coppock: | 5.10 |
| MA7: | 1.2379 | |
| MA20: | 1.2212 | |
| MA50: | 1.2155 | |
| MA100: | 1.1760 | |
| MAexp7: | 1.2360 | |
| MAexp20: | 1.2259 | |
| MAexp50: | 1.2107 | |
| MAexp100: | 1.2005 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +1.54% | |
| Price / MA50: | +2.02% | |
| Price / MA100: | +5.44% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +1.15% | |
| Price / MAexp50: | +2.42% | |
| Price / MAexp100: | +3.29% |
Quotes :
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Real time data
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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 Forecast Janury 26, 2023
-
GBP/USD Forecast January 24, 2023
-
GBP/USD Forecast January 23, 2023
-
GBP/USD Technical Analysis for the Week of January 23, 2023 by FXEmpire
-
GBP/USD Forecast January 17, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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