GBP/USD - 1H - Technical analysis published on 01/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.2333 USD
My targets
1.2448 USD (+0.0031)
1.2600 USD (+0.0183)
My analysis
The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.2333 USD, you could try to benefit from the boom. The first bullish objective is located at 1.2448 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.2600 USD as an objective. Crossing it would then enable buyers to target 1.2727 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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Additional analysis
Quotes
The GBP/USD rating is 1.2417 USD. The price registered an increase of +0.03% on the session and was traded between 1.2413 USD and 1.2419 USD over the period. The price is currently at +0.03% from its lowest and -0.02% from its highest.1.2413
1.2419
1.2417
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 1H of this GBP/USD chart shows a strongly bullish trend. 92.86% 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 scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.2258 | 1.2283 | 1.2417 | 1.2419 | 1.2448 | 1.2727 |
Change (%) | -1.65% | -1.28% | -1.08% | - | +0.02% | +0.25% | +2.50% |
Change | -0.0205 | -0.0159 | -0.0134 | - | +0.0002 | +0.0031 | +0.0310 |
Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 1.2276 | 1.2310 | 1.2362 | 1.2396 | 1.2448 | 1.2482 | 1.2534 |
Camarilla | 1.2389 | 1.2397 | 1.2405 | 1.2413 | 1.2421 | 1.2429 | 1.2437 |
Woodie | 1.2284 | 1.2315 | 1.2370 | 1.2401 | 1.2456 | 1.2487 | 1.2542 |
Fibonacci | 1.2310 | 1.2343 | 1.2364 | 1.2396 | 1.2429 | 1.2450 | 1.2482 |
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): | 61.52 | |
MACD (12,26,9): | 0.0009 | |
Directional Movement: | 6.2017 | |
AROON (14): | -7.1429 | |
DEMA (21): | 1.2408 | |
Parabolic SAR (0,02-0,02-0,2): | 1.2362 | |
Elder Ray (13): | 0.0015 | |
Super Trend (3,10): | 1.2357 | |
Zig ZAG (10): | 1.2417 | |
VORTEX (21): | 1.0406 | |
Stochastique (14,3,5): | 88.89 | |
TEMA (21): | 1.2409 | |
Williams %R (14): | -4.00 | |
Chande Momentum Oscillator (20): | 0.0022 | |
Repulse (5,40,3): | 0.0870 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0085 | |
Courbe Coppock: | 0.17 |
MA7: | 1.2391 | |
MA20: | 1.2230 | |
MA50: | 1.2166 | |
MA100: | 1.1769 | |
MAexp7: | 1.2407 | |
MAexp20: | 1.2397 | |
MAexp50: | 1.2382 | |
MAexp100: | 1.2367 | |
Price / MA7: | +0.21% | |
Price / MA20: | +1.53% | |
Price / MA50: | +2.06% | |
Price / MA100: | +5.51% | |
Price / MAexp7: | +0.08% | |
Price / MAexp20: | +0.16% | |
Price / MAexp50: | +0.28% | |
Price / MAexp100: | +0.40% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
- GBP/USD Forecast January 27, 2023
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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