EUR/GBP

- GBP (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 05/17/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 0.8574 GBP

My targets

0.8531 GBP (-0.0034)

0.8511 GBP (-0.0054)

My analysis

EUR/GBP is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.8574 GBP. The next support located at 0.8531 GBP is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.8511 GBP. Below this support, sellers could then target 0.8300 GBP. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

Force

7.9

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 0.8565 GBP. The price registered a decrease of -0.14% on the session and was traded between 0.8562 GBP and 0.8581 GBP over the period. The price is currently at +0.04% from its lowest and -0.19% from its highest.

0.8562

0.8581

0.8565

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

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

A technical analysis in 1H of this EUR/GBP chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, 13 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8511	0.8531	0.8562	0.8565	0.8574	0.8588	0.8596
Change (%)	-0.63%	-0.40%	-0.04%	-	+0.11%	+0.27%	+0.36%
Change	-0.0054	-0.0034	-0.0003	-	+0.0009	+0.0023	+0.0031
Level	Major	Intermediate	Intermediate	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8556	0.8564	0.8571	0.8579	0.8586	0.8594	0.8601
Camarilla	0.8573	0.8574	0.8576	0.8577	0.8578	0.8580	0.8581
Woodie	0.8555	0.8564	0.8570	0.8579	0.8585	0.8594	0.8600
Fibonacci	0.8564	0.8570	0.8574	0.8579	0.8585	0.8589	0.8594

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	27.84
MACD (12,26,9):	-0.0003
Directional Movement:	-14.0165
AROON (14):	-78.5714
DEMA (21):	0.8571
Parabolic SAR (0,02-0,02-0,2):	0.8577
Elder Ray (13):	-0.0007
Super Trend (3,10):	0.8583
Zig ZAG (10):	0.8564
VORTEX (21):	0.8632
Stochastique (14,3,5):	16.44
TEMA (21):	0.8569
Williams %R (14):	-94.44
Chande Momentum Oscillator (20):	-0.0013
Repulse (5,40,3):	-0.1081
ROCnROLL:	2
TRIX (15,9):	-0.0030
Courbe Coppock:	0.15

MA7:	0.8588
MA20:	0.8579
MA50:	0.8567
MA100:	0.8565
MAexp7:	0.8570
MAexp20:	0.8575
MAexp50:	0.8579
MAexp100:	0.8584
Price / MA7:	-0.27%
Price / MA20:	-0.16%
Price / MA50:	-0.02%
Price / MA100:	-0%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.12%
Price / MAexp50:	-0.16%
Price / MAexp100:	-0.22%

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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