GBP/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPUSD
ISIN:

GBP/USD - 15 min. - Technical analysis published on 03/27/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

22%

My opinion

Bullish above 1.2611 USD

My targets

1.2639 USD (+0.0012)

1.2657 USD (+0.0030)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for GBP/USD as long as the price remains well above 1.2611 USD. The buyers' bullish objective is set at 1.2639 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.2657 USD. If there is any crossing, the next objective would be the resistance located at 1.2685 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 1.2639 USD. On this resistance, against the trend traders who would like to go short on GBP/USD with a bearish signal from their trading strategy, should not hesitate to act.

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

3.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Samiam. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/USD rating 1.2627 USD. The price is lower by -0.01% since the last closing and was traded between 1.2609 USD and 1.2638 USD over the period. The price is currently at +0.14% from its lowest and -0.09% from its highest.

1.2609

1.2638

1.2627

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/USD in 15 min. shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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 : 15 minutes

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2575	1.2595	1.2623	1.2627	1.2668	1.2733	1.2800
Change (%)	-0.41%	-0.25%	-0.03%	-	+0.32%	+0.84%	+1.37%
Change	-0.0052	-0.0032	-0.0004	-	+0.0041	+0.0106	+0.0173
Level	Major	Minor	Major	-	Intermediate	Minor	Major

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	1.2565	1.2593	1.2611	1.2639	1.2657	1.2685	1.2703
Camarilla	1.2615	1.2620	1.2624	1.2628	1.2632	1.2636	1.2641
Woodie	1.2559	1.2591	1.2605	1.2637	1.2651	1.2683	1.2697
Fibonacci	1.2593	1.2611	1.2622	1.2639	1.2657	1.2668	1.2685

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2285	1.2430	1.2513	1.2658	1.2741	1.2886	1.2969
Camarilla	1.2533	1.2554	1.2575	1.2596	1.2617	1.2638	1.2659
Woodie	1.2254	1.2415	1.2482	1.2643	1.2710	1.2871	1.2938
Fibonacci	1.2430	1.2517	1.2571	1.2658	1.2745	1.2799	1.2886

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2252	1.2385	1.2506	1.2639	1.2760	1.2893	1.3014
Camarilla	1.2557	1.2580	1.2604	1.2627	1.2650	1.2674	1.2697
Woodie	1.2246	1.2382	1.2500	1.2636	1.2754	1.2890	1.3008
Fibonacci	1.2385	1.2482	1.2542	1.2639	1.2736	1.2796	1.2893

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):	59.65
MACD (12,26,9):	0.0001
Directional Movement:	8.1627
AROON (14):	50.0000
DEMA (21):	1.2623
Parabolic SAR (0,02-0,02-0,2):	1.2631
Elder Ray (13):	0.0002
Super Trend (3,10):	1.2613
Zig ZAG (10):	1.2627
VORTEX (21):	1.0755
Stochastique (14,3,5):	59.65
TEMA (21):	1.2626
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.0015
Repulse (5,40,3):	0.1051
ROCnROLL:	1
TRIX (15,9):	0.0010
Courbe Coppock:	0.14

MA7:	1.2666
MA20:	1.2718
MA50:	1.2679
MA100:	1.2641
MAexp7:	1.2628
MAexp20:	1.2621
MAexp50:	1.2622
MAexp100:	1.2626
Price / MA7:	-0.31%
Price / MA20:	-0.72%
Price / MA50:	-0.41%
Price / MA100:	-0.11%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.04%
Price / MAexp100:	+0.01%

Quotes : - Real time data - Forex

News

The last news published on GBP/USD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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