GBP/USD - 1H - Technical analysis published on 11/29/2023 (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
33%
11%
56%
My opinion
Bullish above 1.2643 USD
My targets
1.2764 USD (+0.0054)
1.2927 USD (+0.0217)
My analysis
The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.2643 USD, you could try to benefit from the boom. The first bullish objective is located at 1.2764 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.2927 USD as an objective. Crossing it would then enable buyers to target 1.3128 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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Additional analysis
Quotes
GBP/USD rating 1.2710 USD. On the day, this instrument lost -0.02% and was between 1.2690 USD and 1.2733 USD. This implies that the price is at +0.16% from its lowest and at -0.18% from its highest.1.2690
1.2733
1.2710
A study of price movements over other periods shows the following variations:
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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.2449 | 1.2525 | 1.2643 | 1.2710 | 1.2764 | 1.2927 | 1.3128 |
| Change (%) | -2.05% | -1.46% | -0.53% | - | +0.42% | +1.71% | +3.29% |
| Change | -0.0261 | -0.0185 | -0.0067 | - | +0.0054 | +0.0217 | +0.0418 |
| Level | Intermediate | 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 | 1.2534 | 1.2570 | 1.2642 | 1.2678 | 1.2750 | 1.2786 | 1.2858 |
| Camarilla | 1.2683 | 1.2693 | 1.2703 | 1.2713 | 1.2723 | 1.2733 | 1.2743 |
| Woodie | 1.2551 | 1.2579 | 1.2659 | 1.2687 | 1.2767 | 1.2795 | 1.2875 |
| Fibonacci | 1.2570 | 1.2612 | 1.2637 | 1.2678 | 1.2720 | 1.2745 | 1.2786 |
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): | 59.84 | |
| MACD (12,26,9): | 0.0018 | |
| Directional Movement: | 9.0697 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.2719 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2732 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.2671 | |
| Zig ZAG (10): | 1.2706 | |
| VORTEX (21): | 1.1869 | |
| Stochastique (14,3,5): | 52.46 | |
| TEMA (21): | 1.2720 | |
| Williams %R (14): | -50.94 | |
| Chande Momentum Oscillator (20): | 0.0013 | |
| Repulse (5,40,3): | 0.0075 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0239 | |
| Courbe Coppock: | 0.47 |
| MA7: | 1.2603 | |
| MA20: | 1.2436 | |
| MA50: | 1.2283 | |
| MA100: | 1.2491 | |
| MAexp7: | 1.2707 | |
| MAexp20: | 1.2694 | |
| MAexp50: | 1.2660 | |
| MAexp100: | 1.2619 | |
| Price / MA7: | +0.85% | |
| Price / MA20: | +2.20% | |
| Price / MA50: | +3.48% | |
| Price / MA100: | +1.75% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.72% |
Quotes :
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Real time data
-
Forex
News
The last news published on GBP/USD at the time of the generation of this analysis was as follows:
-
GBP/USD Forecast November 28, 2023
-
GBP/USD Technical Analysis for November 28, 2023 by FXEmpire
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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