GBP/USD - 15 min. - Technical analysis published on 12/03/2024 (GMT)
- 186
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1.2671 USD
My targets
1.2724 USD (+0.0029)
1.2791 USD (+0.0096)
My analysis
The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.2671 USD, you could try to benefit from the boom. The first bullish objective is located at 1.2724 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.2791 USD as an objective. Crossing it would then enable buyers to target 1.2844 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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 DarkGhost. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/USD price is 1.2695 USD. The price registered an increase of +0.29% on the session and was between 1.2637 USD and 1.2697 USD. This implies that the price is at +0.46% from its lowest and at -0.02% from its highest.1.2637
1.2697
1.2695
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this GBP/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 15 minutes
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.2577 | 1.2617 | 1.2681 | 1.2695 | 1.2723 | 1.2750 | 1.2824 |
| Change (%) | -0.93% | -0.61% | -0.11% | - | +0.22% | +0.43% | +1.02% |
| Change | -0.0118 | -0.0078 | -0.0014 | - | +0.0028 | +0.0055 | +0.0129 |
| Level | Minor | Major | Major | - | Minor | Minor | Intermediate |
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 | 1.2484 | 1.2551 | 1.2604 | 1.2671 | 1.2724 | 1.2791 | 1.2844 |
| Camarilla | 1.2625 | 1.2636 | 1.2647 | 1.2658 | 1.2669 | 1.2680 | 1.2691 |
| Woodie | 1.2478 | 1.2548 | 1.2598 | 1.2668 | 1.2718 | 1.2788 | 1.2838 |
| Fibonacci | 1.2551 | 1.2597 | 1.2625 | 1.2671 | 1.2717 | 1.2745 | 1.2791 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2334 | 1.2420 | 1.2577 | 1.2663 | 1.2820 | 1.2906 | 1.3063 |
| Camarilla | 1.2666 | 1.2689 | 1.2711 | 1.2733 | 1.2755 | 1.2778 | 1.2800 |
| Woodie | 1.2369 | 1.2438 | 1.2612 | 1.2681 | 1.2855 | 1.2924 | 1.3098 |
| Fibonacci | 1.2420 | 1.2513 | 1.2571 | 1.2663 | 1.2756 | 1.2814 | 1.2906 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1903 | 1.2195 | 1.2464 | 1.2756 | 1.3025 | 1.3317 | 1.3586 |
| Camarilla | 1.2579 | 1.2630 | 1.2682 | 1.2733 | 1.2784 | 1.2836 | 1.2887 |
| Woodie | 1.1892 | 1.2189 | 1.2453 | 1.2750 | 1.3014 | 1.3311 | 1.3575 |
| Fibonacci | 1.2195 | 1.2409 | 1.2542 | 1.2756 | 1.2970 | 1.3103 | 1.3317 |
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): | 54.69 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 5.9686 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.2666 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2642 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.2675 | |
| Zig ZAG (10): | 1.2669 | |
| VORTEX (21): | 1.0924 | |
| Stochastique (14,3,5): | 79.67 | |
| TEMA (21): | 1.2668 | |
| Williams %R (14): | -21.95 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | -0.0024 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.11 |
| MA7: | 1.2649 | |
| MA20: | 1.2704 | |
| MA50: | 1.2929 | |
| MA100: | 1.2972 | |
| MAexp7: | 1.2668 | |
| MAexp20: | 1.2664 | |
| MAexp50: | 1.2662 | |
| MAexp100: | 1.2664 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | -1.81% | |
| Price / MA100: | -2.14% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.24% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on GBP/USD at the time of the analysis were as follows:
-
GBP/USD Forecast December 2, 2024
-
GBP/USD Forecast November 28, 2024
-
GBP/USD Forecast November 27, 2024
-
GBP/USD Forecast November 26, 2024
-
GBP/USD Forecast November 25, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GBP/USD - 15 min.