GBP/USD - 15 min. - Technical analysis published on 03/29/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.2620 USD
My targets
1.2656 USD (+0.0016)
1.2690 USD (+0.0050)
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 1.2620 USD. The next resistance located at 1.2656 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 1.2690 USD. After this resistance, buyers could then target 1.2726 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
8.2
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This analysis was given by Samiam. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD rating is 1.2640 USD. The price registered an increase of +0.15% on the session with the lowest point at 1.2610 USD and the highest point at 1.2642 USD. The deviation from the price is +0.24% for the low point and -0.02% for the high point.1.2610
1.2642
1.2640
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 (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 a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
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 | 1.2585 | 1.2605 | 1.2623 | 1.2640 | 1.2668 | 1.2733 | 1.2800 |
| Change (%) | -0.44% | -0.28% | -0.13% | - | +0.22% | +0.74% | +1.27% |
| Change | -0.0055 | -0.0035 | -0.0017 | - | +0.0028 | +0.0093 | +0.0160 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Major |
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 | 1.2516 | 1.2550 | 1.2586 | 1.2620 | 1.2656 | 1.2690 | 1.2726 |
| Camarilla | 1.2602 | 1.2608 | 1.2615 | 1.2621 | 1.2627 | 1.2634 | 1.2640 |
| Woodie | 1.2516 | 1.2551 | 1.2586 | 1.2621 | 1.2656 | 1.2691 | 1.2726 |
| Fibonacci | 1.2550 | 1.2577 | 1.2594 | 1.2620 | 1.2647 | 1.2664 | 1.2690 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.15 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 24.5665 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.2628 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2613 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.2622 | |
| Zig ZAG (10): | 1.2639 | |
| VORTEX (21): | 1.1163 | |
| Stochastique (14,3,5): | 91.94 | |
| TEMA (21): | 1.2635 | |
| Williams %R (14): | -6.25 | |
| Chande Momentum Oscillator (20): | 0.0022 | |
| Repulse (5,40,3): | 0.0907 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0006 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.2628 | |
| MA20: | 1.2716 | |
| MA50: | 1.2676 | |
| MA100: | 1.2647 | |
| MAexp7: | 1.2634 | |
| MAexp20: | 1.2626 | |
| MAexp50: | 1.2623 | |
| MAexp100: | 1.2623 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | -0.28% | |
| Price / MA100: | -0.06% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.13% |
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:
-
Technical Analysis: 26/03/2024 - GBPUSD bounces off 200-day SMA
-
Trade of the week: short GBP/USD
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Trading the trend: long GBP/USD
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Technical Analysis: 19/03/2024 - GBPUSD retreats towards 50-day SMA
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Technical Analysis: 05/03/2024 - GBPUSD battles with SMAs within sideways channel
This member declared not having a position on this financial instrument or a related financial instrument.
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