GBP/USD - 1H - Technical analysis published on 09/24/2024 (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
83%
0%
17%
My opinion
Bullish above 1.3340 USD
My targets
1.3407 USD (+0.0015)
1.3623 USD (+0.0231)
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 1.3340 USD. The next resistance located at 1.3407 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 1.3623 USD. After this resistance, buyers could then target 1.3705 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
8.8
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.3392 USD. The price registered an increase of +0.32% on the session and was between 1.3332 USD and 1.3399 USD. This implies that the price is at +0.45% from its lowest and at -0.05% from its highest.1.3332
1.3399
1.3392
Here is a more detailed summary of the historical variations registered by GBP/USD:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
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 | 1.3230 | 1.3255 | 1.3340 | 1.3392 | 1.3407 | 1.3705 | 1.4263 |
| Change (%) | -1.21% | -1.02% | -0.39% | - | +0.11% | +2.34% | +6.50% |
| Change | -0.0162 | -0.0137 | -0.0052 | - | +0.0015 | +0.0313 | +0.0871 |
| Level | Minor | Minor | Minor | - | Minor | Intermediate | 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 | 1.3167 | 1.3208 | 1.3278 | 1.3319 | 1.3389 | 1.3430 | 1.3500 |
| Camarilla | 1.3319 | 1.3329 | 1.3339 | 1.3349 | 1.3359 | 1.3369 | 1.3380 |
| Woodie | 1.3183 | 1.3215 | 1.3294 | 1.3326 | 1.3405 | 1.3437 | 1.3516 |
| Fibonacci | 1.3208 | 1.3250 | 1.3276 | 1.3319 | 1.3361 | 1.3387 | 1.3430 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2957 | 1.3038 | 1.3179 | 1.3260 | 1.3401 | 1.3482 | 1.3623 |
| Camarilla | 1.3260 | 1.3280 | 1.3301 | 1.3321 | 1.3341 | 1.3362 | 1.3382 |
| Woodie | 1.2988 | 1.3053 | 1.3210 | 1.3275 | 1.3432 | 1.3497 | 1.3654 |
| Fibonacci | 1.3038 | 1.3123 | 1.3175 | 1.3260 | 1.3345 | 1.3397 | 1.3482 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2168 | 1.2416 | 1.2770 | 1.3018 | 1.3372 | 1.3620 | 1.3974 |
| Camarilla | 1.2959 | 1.3014 | 1.3069 | 1.3124 | 1.3179 | 1.3234 | 1.3290 |
| Woodie | 1.2221 | 1.2443 | 1.2823 | 1.3045 | 1.3425 | 1.3647 | 1.4027 |
| Fibonacci | 1.2416 | 1.2646 | 1.2788 | 1.3018 | 1.3248 | 1.3390 | 1.3620 |
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): | 65.49 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 8.7707 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.3384 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3356 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 1.3337 | |
| Zig ZAG (10): | 1.3388 | |
| VORTEX (21): | 1.0991 | |
| Stochastique (14,3,5): | 77.11 | |
| TEMA (21): | 1.3388 | |
| Williams %R (14): | -17.91 | |
| Chande Momentum Oscillator (20): | 0.0035 | |
| Repulse (5,40,3): | 0.0901 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0145 | |
| Courbe Coppock: | 0.48 |
| MA7: | 1.3275 | |
| MA20: | 1.3177 | |
| MA50: | 1.3015 | |
| MA100: | 1.2870 | |
| MAexp7: | 1.3381 | |
| MAexp20: | 1.3364 | |
| MAexp50: | 1.3339 | |
| MAexp100: | 1.3301 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | +1.63% | |
| Price / MA50: | +2.90% | |
| Price / MA100: | +4.06% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.40% | |
| Price / MAexp100: | +0.68% |
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 September 24, 2024
-
GBP/USD Forecast September 18, 2024
-
GBP/USD Forecast September 9, 2024
-
GBP/USD Forecast August 26, 2024
-
GBP/USD Forecast August 23, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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