EUR/GBP

- GBP (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
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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: Bearish

Technical indicators

50%

44%

My opinion

Bearish under 0.8609 GBP

My targets

0.8578 GBP (-0.0016)

0.8562 GBP (-0.0032)

My analysis

All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on EUR/GBP as long as the price remains well below 0.8609 GBP. The next bearish objective for sellers is set at 0.8578 GBP. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.8562 GBP. If there is any crossing, the next objective would be the support located at 0.8556 GBP. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

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 0.8594 GBP. The price registered an increase of +0.01% on the session and was between 0.8591 GBP and 0.8600 GBP. This implies that the price is at +0.03% from its lowest and at -0.07% from its highest.

0.8591

0.8600

0.8594

A study of price movements over other periods shows the following variations:

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 an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near support of channel

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

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	0.8571	0.8578	0.8587	0.8594	0.8596	0.8609	0.8615
Change (%)	-0.27%	-0.19%	-0.08%	-	+0.02%	+0.17%	+0.24%
Change	-0.0023	-0.0016	-0.0007	-	+0.0002	+0.0015	+0.0021
Level	Minor	Minor	Major	-	Major	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	0.8554	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):	53.09
MACD (12,26,9):	0.0000
Directional Movement:	13.6629
AROON (14):	71.4285
DEMA (21):	0.8595
Parabolic SAR (0,02-0,02-0,2):	0.8605
Elder Ray (13):	0.0003
Super Trend (3,10):	0.8586
Zig ZAG (10):	0.8596
VORTEX (21):	0.9712
Stochastique (14,3,5):	64.35
TEMA (21):	0.8595
Williams %R (14):	-55.56
Chande Momentum Oscillator (20):	0.0001
Repulse (5,40,3):	0.0144
ROCnROLL:	-1
TRIX (15,9):	-0.0009
Courbe Coppock:	0.04

MA7:	0.8598
MA20:	0.8582
MA50:	0.8565
MA100:	0.8568
MAexp7:	0.8595
MAexp20:	0.8595
MAexp50:	0.8596
MAexp100:	0.8596
Price / MA7:	-0.05%
Price / MA20:	+0.14%
Price / MA50:	+0.34%
Price / MA100:	+0.30%
Price / MAexp7:	-0%
Price / MAexp20:	-0%
Price / MAexp50:	-0.01%
Price / MAexp100:	-0.01%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on EUR/GBP. At the time of publication of this analysis, the latest news was as follows:

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

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