EUR/GBP

- GBP (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 04/26/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

39%

My opinion

Bearish under 0.8580 GBP

My targets

0.8551 GBP (-0.0016)

0.8536 GBP (-0.0031)

My analysis

The bearish trend is currently very strong for EUR/GBP. As long as the price remains below the resistance at 0.8580 GBP, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.8551 GBP. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8536 GBP as an objective. Crossing it would then enable sellers to target 0.8521 GBP. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.6

Comment on the analysis

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 dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/GBP rating 0.8567 GBP. The price registered a decrease of -0.11% on the session and was between 0.8566 GBP and 0.8584 GBP. This implies that the price is at +0.01% from its lowest and at -0.20% from its highest.

0.8566

0.8584

0.8567

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EUR/GBP in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8521	0.8536	0.8551	0.8567	0.8580	0.8601	0.8626
Change (%)	-0.54%	-0.36%	-0.19%	-	+0.15%	+0.40%	+0.69%
Change	-0.0046	-0.0031	-0.0016	-	+0.0013	+0.0034	+0.0059
Level	Minor	Intermediate	Intermediate	-	Major	Intermediate	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	0.8535	0.8549	0.8563	0.8577	0.8591	0.8605	0.8619
Camarilla	0.8568	0.8571	0.8573	0.8576	0.8579	0.8581	0.8584
Woodie	0.8534	0.8549	0.8562	0.8577	0.8590	0.8605	0.8618
Fibonacci	0.8549	0.8560	0.8567	0.8577	0.8588	0.8595	0.8605

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8456	0.8488	0.8551	0.8583	0.8646	0.8678	0.8741
Camarilla	0.8587	0.8596	0.8604	0.8613	0.8622	0.8630	0.8639
Woodie	0.8471	0.8496	0.8566	0.8591	0.8661	0.8686	0.8756
Fibonacci	0.8488	0.8525	0.8547	0.8583	0.8620	0.8642	0.8678

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8395	0.8449	0.8495	0.8549	0.8595	0.8649	0.8695
Camarilla	0.8514	0.8523	0.8532	0.8541	0.8550	0.8559	0.8569
Woodie	0.8391	0.8447	0.8491	0.8547	0.8591	0.8647	0.8691
Fibonacci	0.8449	0.8487	0.8511	0.8549	0.8587	0.8611	0.8649

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):	36.38
MACD (12,26,9):	-0.0002
Directional Movement:	-11.0745
AROON (14):	-28.5714
DEMA (21):	0.8574
Parabolic SAR (0,02-0,02-0,2):	0.8585
Elder Ray (13):	-0.0004
Super Trend (3,10):	0.8587
Zig ZAG (10):	0.8567
VORTEX (21):	0.9587
Stochastique (14,3,5):	30.42
TEMA (21):	0.8575
Williams %R (14):	-94.44
Chande Momentum Oscillator (20):	-0.0009
Repulse (5,40,3):	-0.1558
ROCnROLL:	2
TRIX (15,9):	-0.0025
Courbe Coppock:	0.00

MA7:	0.8589
MA20:	0.8571
MA50:	0.8560
MA100:	0.8574
MAexp7:	0.8574
MAexp20:	0.8576
MAexp50:	0.8582
MAexp100:	0.8585
Price / MA7:	-0.26%
Price / MA20:	-0.05%
Price / MA50:	+0.08%
Price / MA100:	-0.08%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.10%
Price / MAexp50:	-0.17%
Price / MAexp100:	-0.21%

Quotes : - Real time data - Forex

News

The last news published on EUR/GBP at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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