GBP/USD - 1H - Technical analysis published on 11/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.2571 USD
My targets
1.2631 USD (+0.0017)
1.2764 USD (+0.0150)
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 1.2571 USD. The next resistance located at 1.2631 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 1.2764 USD. After this resistance, buyers could then target 1.2927 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.
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
7.5
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This analysis was given by sabban. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2614 USD. The price registered an increase of +0.08% on the session with the lowest point at 1.2590 USD and the highest point at 1.2627 USD. The deviation from the price is +0.19% for the low point and -0.10% for the high point.1.2590
1.2627
1.2614
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/USD chart shows a strongly bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
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 : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2456 | 1.2525 | 1.2571 | 1.2614 | 1.2631 | 1.2764 | 1.2927 |
| Change (%) | -1.25% | -0.71% | -0.34% | - | +0.13% | +1.19% | +2.48% |
| Change | -0.0158 | -0.0089 | -0.0043 | - | +0.0017 | +0.0150 | +0.0313 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | 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 | 1.2456 | 1.2490 | 1.2547 | 1.2581 | 1.2638 | 1.2672 | 1.2729 |
| Camarilla | 1.2579 | 1.2587 | 1.2596 | 1.2604 | 1.2612 | 1.2621 | 1.2629 |
| Woodie | 1.2468 | 1.2496 | 1.2559 | 1.2587 | 1.2650 | 1.2678 | 1.2741 |
| Fibonacci | 1.2490 | 1.2525 | 1.2546 | 1.2581 | 1.2616 | 1.2637 | 1.2672 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2324 | 1.2385 | 1.2494 | 1.2555 | 1.2664 | 1.2725 | 1.2834 |
| Camarilla | 1.2557 | 1.2573 | 1.2588 | 1.2604 | 1.2620 | 1.2635 | 1.2651 |
| Woodie | 1.2349 | 1.2397 | 1.2519 | 1.2567 | 1.2689 | 1.2737 | 1.2859 |
| Fibonacci | 1.2385 | 1.2450 | 1.2490 | 1.2555 | 1.2620 | 1.2660 | 1.2725 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1712 | 1.1875 | 1.2012 | 1.2175 | 1.2312 | 1.2475 | 1.2612 |
| Camarilla | 1.2068 | 1.2095 | 1.2123 | 1.2150 | 1.2178 | 1.2205 | 1.2233 |
| Woodie | 1.1700 | 1.1869 | 1.2000 | 1.2169 | 1.2300 | 1.2469 | 1.2600 |
| Fibonacci | 1.1875 | 1.1989 | 1.2060 | 1.2175 | 1.2289 | 1.2360 | 1.2475 |
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): | 63.98 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 17.7347 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 1.2618 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2594 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 1.2580 | |
| Zig ZAG (10): | 1.2611 | |
| VORTEX (21): | 1.1673 | |
| Stochastique (14,3,5): | 72.27 | |
| TEMA (21): | 1.2618 | |
| Williams %R (14): | -37.84 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | -0.0297 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0173 | |
| Courbe Coppock: | 0.11 |
| MA7: | 1.2536 | |
| MA20: | 1.2381 | |
| MA50: | 1.2269 | |
| MA100: | 1.2495 | |
| MAexp7: | 1.2611 | |
| MAexp20: | 1.2600 | |
| MAexp50: | 1.2574 | |
| MAexp100: | 1.2544 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | +1.88% | |
| Price / MA50: | +2.81% | |
| Price / MA100: | +0.95% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.56% |
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 November 27, 2023
-
GBP/USD Technical Analysis for November 27, 2023 by FXEmpire
-
GBP/USD Technical Analysis for the Week of November 27, 2023 by FXEmpire
-
GBP/USD Technical Analysis for November 27, 2023 by FXEmpire
-
GBP/USD Forecast November 24, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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