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 05/14/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.8590 GBP

My targets

0.8621 GBP (+0.0017)

0.8659 GBP (+0.0055)

My analysis

EUR/GBP 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 0.8590 GBP. The next resistance located at 0.8621 GBP is the next bullish target 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 0.8659 GBP. After this resistance, buyers could then target 0.8691 GBP.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.1

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 0.8604 GBP. On the day, this instrument gained +0.14% with the lowest point at 0.8587 GBP and the highest point at 0.8615 GBP. The deviation from the price is +0.20% for the low point and -0.13% for the high point.

0.8587

0.8615

0.8604

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 this 1H chart of EUR/GBP indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8578	0.8590	0.8596	0.8604	0.8609	0.8621	0.8627
Change (%)	-0.30%	-0.16%	-0.09%	-	+0.06%	+0.20%	+0.27%
Change	-0.0026	-0.0014	-0.0008	-	+0.0005	+0.0017	+0.0023
Level	Minor	Intermediate	Intermediate	-	Intermediate	Minor	Intermediate

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	0.8561	0.8575	0.8583	0.8597	0.8605	0.8619	0.8627
Camarilla	0.8586	0.8588	0.8590	0.8592	0.8594	0.8596	0.8598
Woodie	0.8559	0.8574	0.8581	0.8596	0.8603	0.8618	0.8625
Fibonacci	0.8575	0.8583	0.8588	0.8597	0.8605	0.8610	0.8619

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8498	0.8527	0.8563	0.8592	0.8628	0.8657	0.8693
Camarilla	0.8581	0.8587	0.8593	0.8599	0.8605	0.8611	0.8617
Woodie	0.8502	0.8529	0.8567	0.8594	0.8632	0.8659	0.8697
Fibonacci	0.8527	0.8552	0.8567	0.8592	0.8617	0.8632	0.8657

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):	66.19
MACD (12,26,9):	0.0000
Directional Movement:	18.7495
AROON (14):	14.2857
DEMA (21):	0.8595
Parabolic SAR (0,02-0,02-0,2):	0.8589
Elder Ray (13):	0.0012
Super Trend (3,10):	0.8587
Zig ZAG (10):	0.8606
VORTEX (21):	1.0439
Stochastique (14,3,5):	67.64
TEMA (21):	0.8597
Williams %R (14):	-32.14
Chande Momentum Oscillator (20):	0.0016
Repulse (5,40,3):	0.0691
ROCnROLL:	1
TRIX (15,9):	-0.0032
Courbe Coppock:	0.07

MA7:	0.8597
MA20:	0.8581
MA50:	0.8565
MA100:	0.8569
MAexp7:	0.8598
MAexp20:	0.8596
MAexp50:	0.8597
MAexp100:	0.8596
Price / MA7:	+0.08%
Price / MA20:	+0.27%
Price / MA50:	+0.46%
Price / MA100:	+0.41%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.07%
Price / MAexp100:	+0.08%

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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