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 05/15/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

28%

33%

39%

My opinion

Bearish under 0.8609 GBP

My targets

0.8578 GBP (-0.0015)

0.8562 GBP (-0.0031)

My analysis

The bearish basic trend is very strong on EUR/GBP but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.8609 GBP. Crossing the first support at 0.8578 GBP would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.8562 GBP as an objective. Crossing it would then enable sellers to target 0.8556 GBP. Caution, a return to above the resistance located at 0.8609 GBP would be a sign of a possible consolidation phase of the short-term basic trend. 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.

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

Force

5.5

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 rating is 0.8593 GBP. The price registered an increase of +0.00% on the session with the lowest point at 0.8591 GBP and the highest point at 0.8597 GBP. The deviation from the price is +0.02% for the low point and -0.05% for the high point.

0.8591

0.8597

0.8593

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

Technical analysis of EUR/GBP in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near support of channel

Type : Bullish

Timeframe : 1 hour

Near support of triangle

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8571	0.8578	0.8587	0.8593	0.8596	0.8609	0.8615
Change (%)	-0.26%	-0.17%	-0.07%	-	+0.03%	+0.19%	+0.26%
Change	-0.0022	-0.0015	-0.0006	-	+0.0003	+0.0016	+0.0022
Level	Minor	Minor	Major	-	Major	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	0.8554	0.8570	0.8582	0.8598	0.8610	0.8626	0.8638
Camarilla	0.8585	0.8588	0.8590	0.8593	0.8596	0.8598	0.8601
Woodie	0.8551	0.8569	0.8579	0.8597	0.8607	0.8625	0.8635
Fibonacci	0.8570	0.8581	0.8588	0.8598	0.8609	0.8616	0.8626

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.47
MACD (12,26,9):	-0.0001
Directional Movement:	10.3175
AROON (14):	-42.8571
DEMA (21):	0.8593
Parabolic SAR (0,02-0,02-0,2):	0.8607
Elder Ray (13):	0
Super Trend (3,10):	0.8586
Zig ZAG (10):	0.8593
VORTEX (21):	1.0317
Stochastique (14,3,5):	19.95
TEMA (21):	0.8593
Williams %R (14):	-81.82
Chande Momentum Oscillator (20):	-0.0002
Repulse (5,40,3):	-0.0258
ROCnROLL:	2
TRIX (15,9):	-0.0011
Courbe Coppock:	0.14

MA7:	0.8598
MA20:	0.8581
MA50:	0.8565
MA100:	0.8568
MAexp7:	0.8593
MAexp20:	0.8594
MAexp50:	0.8596
MAexp100:	0.8596
Price / MA7:	-0.06%
Price / MA20:	+0.14%
Price / MA50:	+0.33%
Price / MA100:	+0.29%
Price / MAexp7:	-0%
Price / MAexp20:	-0.01%
Price / MAexp50:	-0.03%
Price / MAexp100:	-0.03%

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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