Londinia Opportunities Analyses - 05/15/2024 (GMT) GBP/USD FULL0624 - 1H
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USD
(-)
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10 min delayed data - CME Globex Futures
| Type: | Futures |
| Ticker: | GBPUSDXXXX |
| ISIN: | GBPUSDXXXX |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.2572 USD
My targets
1.2638 USD (+0.30%)
1.2676 USD (+0.60%)
My analysis
GBP/USD FULL0624 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 1.2572 USD. The next resistance located at 1.2638 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 1.2676 USD. After this resistance, buyers could then target 1.2806 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, 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
8.6
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Additional analysis
Quotes
The GBP/USD FULL0624 rating is 1.2600 USD. On the day, this instrument gained +0.06% with the lowest point at 1.2586 USD and the highest point at 1.2600 USD. The deviation from the price is +0.11% for the low point and 0% for the high point.1.2586
1.2600
1.2600
Here is a more detailed summary of the historical variations registered by GBP/USD FULL0624:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/USD FULL0624 indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 | 1.2533 | 1.2572 | 1.2595 | 1.2600 | 1.2638 | 1.2676 | 1.2806 |
| Change (%) | -0.53% | -0.22% | -0.04% | - | +0.30% | +0.60% | +1.63% |
| Change | -0.0067 | -0.0028 | -0.0005 | - | +0.0038 | +0.0076 | +0.0206 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2454 | 1.2483 | 1.2538 | 1.2567 | 1.2622 | 1.2651 | 1.2706 |
| Camarilla | 1.2571 | 1.2579 | 1.2586 | 1.2594 | 1.2602 | 1.2609 | 1.2617 |
| Woodie | 1.2468 | 1.2490 | 1.2552 | 1.2574 | 1.2636 | 1.2658 | 1.2720 |
| Fibonacci | 1.2483 | 1.2515 | 1.2535 | 1.2567 | 1.2599 | 1.2619 | 1.2651 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2304 | 1.2376 | 1.2453 | 1.2525 | 1.2602 | 1.2674 | 1.2751 |
| Camarilla | 1.2488 | 1.2502 | 1.2515 | 1.2529 | 1.2543 | 1.2556 | 1.2570 |
| Woodie | 1.2306 | 1.2377 | 1.2455 | 1.2526 | 1.2604 | 1.2675 | 1.2753 |
| Fibonacci | 1.2376 | 1.2433 | 1.2468 | 1.2525 | 1.2582 | 1.2617 | 1.2674 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1918 | 1.2110 | 1.2330 | 1.2522 | 1.2742 | 1.2934 | 1.3154 |
| Camarilla | 1.2436 | 1.2474 | 1.2511 | 1.2549 | 1.2587 | 1.2625 | 1.2662 |
| Woodie | 1.1931 | 1.2117 | 1.2343 | 1.2529 | 1.2755 | 1.2941 | 1.3167 |
| Fibonacci | 1.2110 | 1.2268 | 1.2365 | 1.2522 | 1.2680 | 1.2777 | 1.2934 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.54 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | -1.4018 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.2595 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2577 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 1.2566 | |
| Zig ZAG (10): | 1.2597 | |
| VORTEX (21): | 1.1224 | |
| Stochastique (14,3,5): | 97.28 | |
| TEMA (21): | 1.2598 | |
| Williams %R (14): | -1.32 | |
| Chande Momentum Oscillator (20): | 0.0011 | |
| Repulse (5,40,3): | 0.0666 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0120 | |
| Courbe Coppock: | 0.52 |
| MA7: | 1.2545 | |
| MA20: | 1.2510 | |
| MA50: | 1.2598 | |
| MA100: | 1.2640 | |
| MAexp7: | 1.2593 | |
| MAexp20: | 1.2581 | |
| MAexp50: | 1.2563 | |
| MAexp100: | 1.2548 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | +0.72% | |
| Price / MA50: | +0.02% | |
| Price / MA100: | -0.32% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.41% |
Quotes :
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10 min delayed data
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Futures CME Globex