EUR/GBP

- GBP (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 05/01/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

33%

17%

50%

My opinion

Bearish under 0.8562 GBP

My targets

0.8511 GBP (-0.0029)

0.8428 GBP (-0.0112)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.8562 GBP remains possible. It is advisable to trade EUR/GBP with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.8562 GBP. The next bearish objective for sellers is set at 0.8511 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8428 GBP. In case of crossing, the next objective would be the support located at 0.8300 GBP. PS: if there is a bullish break in the resistance located at 0.8562 GBP we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

3.6

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

The EUR/GBP price is 0.8540 GBP. The price has increased by +0.00% since the last closing with the lowest point at 0.8537 GBP and the highest point at 0.8544 GBP. The deviation from the price is +0.04% for the low point and -0.05% for the high point.

0.8537

0.8544

0.8540

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EUR/GBP:

The Central Records scanner for higher/lower results shows the following items:

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

A technical analysis in 1H of this EUR/GBP chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral 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.

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 9 are neutral and 3 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8300	0.8511	0.8535	0.8540	0.8562	0.8592	0.8627
Change (%)	-2.81%	-0.34%	-0.06%	-	+0.26%	+0.61%	+1.02%
Change	-0.0240	-0.0029	-0.0005	-	+0.0022	+0.0052	+0.0087
Level	Major	Major	Intermediate	-	Major	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	0.8503	0.8517	0.8528	0.8542	0.8553	0.8567	0.8578
Camarilla	0.8533	0.8535	0.8538	0.8540	0.8542	0.8545	0.8547
Woodie	0.8503	0.8516	0.8528	0.8541	0.8553	0.8566	0.8578
Fibonacci	0.8517	0.8526	0.8532	0.8542	0.8551	0.8557	0.8567

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8428	0.8488	0.8524	0.8584	0.8620	0.8680	0.8716
Camarilla	0.8533	0.8541	0.8550	0.8559	0.8568	0.8577	0.8585
Woodie	0.8415	0.8482	0.8511	0.8578	0.8607	0.8674	0.8703
Fibonacci	0.8488	0.8525	0.8548	0.8584	0.8621	0.8644	0.8680

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8368	0.8445	0.8492	0.8569	0.8616	0.8693	0.8740
Camarilla	0.8506	0.8517	0.8529	0.8540	0.8551	0.8563	0.8574
Woodie	0.8354	0.8438	0.8478	0.8562	0.8602	0.8686	0.8726
Fibonacci	0.8445	0.8492	0.8521	0.8569	0.8616	0.8645	0.8693

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):	48.46
MACD (12,26,9):	0.0000
Directional Movement:	-1.4813
AROON (14):	42.8571
DEMA (21):	0.8540
Parabolic SAR (0,02-0,02-0,2):	0.8549
Elder Ray (13):	0
Super Trend (3,10):	0.8532
Zig ZAG (10):	0.8538
VORTEX (21):	0.9444
Stochastique (14,3,5):	55.56
TEMA (21):	0.8541
Williams %R (14):	-55.56
Chande Momentum Oscillator (20):	0.0001
Repulse (5,40,3):	-0.0115
ROCnROLL:	2
TRIX (15,9):	-0.0007
Courbe Coppock:	0.01

MA7:	0.8561
MA20:	0.8566
MA50:	0.8558
MA100:	0.8572
MAexp7:	0.8540
MAexp20:	0.8540
MAexp50:	0.8544
MAexp100:	0.8553
Price / MA7:	-0.25%
Price / MA20:	-0.30%
Price / MA50:	-0.21%
Price / MA100:	-0.37%
Price / MAexp7:	-0%
Price / MAexp20:	-0%
Price / MAexp50:	-0.05%
Price / MAexp100:	-0.15%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/GBP at the time of the analysis were as follows:

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

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