EUR/GBP - 1H - Technical analysis published on 05/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 0.8546 GBP
My targets
0.8592 GBP (+0.0037)
0.8627 GBP (+0.0072)
My analysis
The strong short-term increase for EUR/GBP reinforces the current slightly bullish trend. As long as the price remains above 0.8546 GBP, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.8592 GBP. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8627 GBP as an objective. Crossing it would then enable buyers to target 0.8645 GBP. A return to 0.8546 GBP would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.2
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Additional analysis
Quotes
The EUR/GBP rating is 0.8555 GBP. The price has increased by +0.07% since the last closing and was traded between 0.8546 GBP and 0.8561 GBP over the period. The price is currently at +0.11% from its lowest and -0.07% from its highest.0.8546
0.8561
0.8555
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 (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 an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
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.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8511 | 0.8536 | 0.8546 | 0.8555 | 0.8562 | 0.8592 | 0.8627 |
| Change (%) | -0.51% | -0.22% | -0.11% | - | +0.08% | +0.43% | +0.84% |
| Change | -0.0044 | -0.0019 | -0.0009 | - | +0.0007 | +0.0037 | +0.0072 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8514 | 0.8525 | 0.8537 | 0.8548 | 0.8560 | 0.8571 | 0.8583 |
| Camarilla | 0.8543 | 0.8545 | 0.8547 | 0.8549 | 0.8551 | 0.8553 | 0.8555 |
| Woodie | 0.8515 | 0.8525 | 0.8538 | 0.8548 | 0.8561 | 0.8571 | 0.8584 |
| Fibonacci | 0.8525 | 0.8534 | 0.8539 | 0.8548 | 0.8557 | 0.8562 | 0.8571 |
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): | 51.04 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -0.1587 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 0.8553 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8560 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.8536 | |
| Zig ZAG (10): | 0.8551 | |
| VORTEX (21): | 0.9865 | |
| Stochastique (14,3,5): | 37.78 | |
| TEMA (21): | 0.8553 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | 0.0437 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0031 | |
| Courbe Coppock: | 0.03 |
| MA7: | 0.8557 | |
| MA20: | 0.8566 | |
| MA50: | 0.8558 | |
| MA100: | 0.8572 | |
| MAexp7: | 0.8552 | |
| MAexp20: | 0.8551 | |
| MAexp50: | 0.8549 | |
| MAexp100: | 0.8553 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | -0.04% | |
| Price / MA100: | -0.20% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.02% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/GBP at the time of the generation of this analysis was as follows:
-
EUR/GBP Forecast May 1, 2024
-
EUR/GBP Forecast April 25, 2024
-
Weekly Technical Outlook: 08/04/2024 - USDJPY, EURGBP, USDCAD
-
EUR/GBP Forecast April 2, 2024
-
EUR/GBP Forecast March 29, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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