GBP/USD - 15 min. - Technical analysis published on 03/28/2023 (GMT)
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- Timeframe : 15 min.
- - 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
89%
0%
11%
My opinion
Bullish above 1.2271 USD
My targets
1.2323 USD (+0.0007)
1.2350 USD (+0.0034)
My analysis
GBP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.2271 USD. The next resistance located at 1.2323 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.2350 USD. After this resistance, buyers could then target 1.2402 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.9
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Additional analysis
Quotes
GBP/USD rating 1.2316 USD. The price registered an increase of +0.16% on the session and was traded between 1.2293 USD and 1.2317 USD over the period. The price is currently at +0.19% from its lowest and -0.01% from its highest.1.2293
1.2317
1.2316
Here is a more detailed summary of the historical variations registered by GBP/USD:
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 15 min. 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
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 | 1.2220 | 1.2258 | 1.2285 | 1.2316 | 1.2344 | 1.2418 | 1.2727 |
| Change (%) | -0.78% | -0.47% | -0.25% | - | +0.23% | +0.83% | +3.34% |
| Change | -0.0096 | -0.0058 | -0.0031 | - | +0.0028 | +0.0102 | +0.0411 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | 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 | 1.2165 | 1.2192 | 1.2244 | 1.2271 | 1.2323 | 1.2350 | 1.2402 |
| Camarilla | 1.2274 | 1.2282 | 1.2289 | 1.2296 | 1.2303 | 1.2311 | 1.2318 |
| Woodie | 1.2178 | 1.2198 | 1.2257 | 1.2277 | 1.2336 | 1.2356 | 1.2415 |
| Fibonacci | 1.2192 | 1.2222 | 1.2241 | 1.2271 | 1.2301 | 1.2320 | 1.2350 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1972 | 1.2069 | 1.2149 | 1.2246 | 1.2326 | 1.2423 | 1.2503 |
| Camarilla | 1.2179 | 1.2196 | 1.2212 | 1.2228 | 1.2244 | 1.2261 | 1.2277 |
| Woodie | 1.1963 | 1.2065 | 1.2140 | 1.2242 | 1.2317 | 1.2419 | 1.2494 |
| Fibonacci | 1.2069 | 1.2137 | 1.2179 | 1.2246 | 1.2314 | 1.2356 | 1.2423 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1345 | 1.1630 | 1.1831 | 1.2116 | 1.2317 | 1.2602 | 1.2803 |
| Camarilla | 1.1898 | 1.1943 | 1.1988 | 1.2032 | 1.2077 | 1.2121 | 1.2166 |
| Woodie | 1.1303 | 1.1609 | 1.1789 | 1.2095 | 1.2275 | 1.2581 | 1.2761 |
| Fibonacci | 1.1630 | 1.1816 | 1.1930 | 1.2116 | 1.2302 | 1.2416 | 1.2602 |
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): | 70.75 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 25.5861 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.2304 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2288 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.2292 | |
| Zig ZAG (10): | 1.2315 | |
| VORTEX (21): | 1.2281 | |
| Stochastique (14,3,5): | 91.93 | |
| TEMA (21): | 1.2307 | |
| Williams %R (14): | -12.12 | |
| Chande Momentum Oscillator (20): | 0.0026 | |
| Repulse (5,40,3): | 0.0720 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0058 | |
| Courbe Coppock: | 0.30 |
| MA7: | 1.2270 | |
| MA20: | 1.2111 | |
| MA50: | 1.2151 | |
| MA100: | 1.2109 | |
| MAexp7: | 1.2306 | |
| MAexp20: | 1.2295 | |
| MAexp50: | 1.2284 | |
| MAexp100: | 1.2273 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | +1.69% | |
| Price / MA50: | +1.36% | |
| Price / MA100: | +1.71% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.35% |
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 March 28, 2023
-
GBP/USD Technical Analysis for the Week of March 27, 2023 by FXEmpire
-
GBP/USD Forecast March 23, 2023
-
Technical Analysis: 21/03/2023 - GBPUSD retests 1.2270 but outlook still neutral
-
GBP/USD Forecast March 21, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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