Londinia Opportunities Analyses - 05/03/2024 (GMT) EUR/GBP - 1H

- GBP (-)

- Real time data - Forex

Type:	Forex
Ticker:	EURGBP
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 0.8546 GBP

My targets

0.8592 GBP (+0.0032)

0.8627 GBP (+0.0067)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/GBP as long as the price remains well above 0.8546 GBP. The buyers' bullish objective is set at 0.8592 GBP. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8627 GBP. If there is any crossing, the next objective would be the resistance located at 0.8645 GBP. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

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.

Additional analysis

Quotes

The EUR/GBP rating is 0.8560 GBP. The price registered an increase of +0.04% on the session with the lowest point at 0.8550 GBP and the highest point at 0.8562 GBP. The deviation from the price is +0.12% for the low point and -0.02% for the high point.

0.8550

0.8562

0.8560

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

A technical analysis in 1H of this EUR/GBP chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several 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

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

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	0.8511	0.8536	0.8546	0.8560	0.8562	0.8592	0.8627
Change (%)	-0.57%	-0.28%	-0.16%	-	+0.02%	+0.37%	+0.78%
Change	-0.0049	-0.0024	-0.0014	-	+0.0002	+0.0032	+0.0067
Level	Major	Intermediate	Intermediate	-	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	0.8528	0.8537	0.8547	0.8556	0.8566	0.8575	0.8585
Camarilla	0.8552	0.8554	0.8555	0.8557	0.8559	0.8561	0.8562
Woodie	0.8529	0.8537	0.8548	0.8556	0.8567	0.8575	0.8586
Fibonacci	0.8537	0.8544	0.8549	0.8556	0.8563	0.8568	0.8575

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):	63.21
MACD (12,26,9):	0.0001
Directional Movement:	8.8661
AROON (14):	-85.7143
DEMA (21):	0.8556
Parabolic SAR (0,02-0,02-0,2):	0.8562
Elder Ray (13):	0.0002
Super Trend (3,10):	0.8541
Zig ZAG (10):	0.8561
VORTEX (21):	1.0000
Stochastique (14,3,5):	50.30
TEMA (21):	0.8555
Williams %R (14):	-9.09
Chande Momentum Oscillator (20):	0.0003
Repulse (5,40,3):	0.1077
ROCnROLL:	1
TRIX (15,9):	0.0010
Courbe Coppock:	0.04

MA7:	0.8553
MA20:	0.8565
MA50:	0.8559
MA100:	0.8571
MAexp7:	0.8556
MAexp20:	0.8555
MAexp50:	0.8553
MAexp100:	0.8554
Price / MA7:	+0.08%
Price / MA20:	-0.06%
Price / MA50:	+0.01%
Price / MA100:	-0.13%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.06%
Price / MAexp50:	+0.08%
Price / MAexp100:	+0.07%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/GBP at the time of the analysis were as follows: