EUR/GBP - 1H - Technical analysis published on 10/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 0.9061 GBP
My targets
0.9134 GBP (+0.0034)
0.9156 GBP (+0.0056)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/GBP. As long as you are above the support located at 0.9061 GBP, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.9134 GBP would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.9156 GBP as an objective. Crossing it would then enable buyers to target 0.9169 GBP. If the support 0.9061 GBP were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.7
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This analysis was given by Ahmed93. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/GBP rating 0.9100 GBP. On the day, this instrument lost -0.11% and was between 0.9096 GBP and 0.9114 GBP. This implies that the price is at +0.04% from its lowest and at -0.15% from its highest.0.9096
0.9114
0.9100
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/GBP in 1H shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9041 | 0.9061 | 0.9092 | 0.9100 | 0.9134 | 0.9156 | 0.9169 |
| Change (%) | -0.65% | -0.43% | -0.09% | - | +0.37% | +0.62% | +0.76% |
| Change | -0.0059 | -0.0039 | -0.0008 | - | +0.0034 | +0.0056 | +0.0069 |
| Level | Major | Major | Minor | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9005 | 0.9033 | 0.9071 | 0.9099 | 0.9137 | 0.9165 | 0.9203 |
| Camarilla | 0.9092 | 0.9098 | 0.9104 | 0.9110 | 0.9116 | 0.9122 | 0.9128 |
| Woodie | 0.9011 | 0.9036 | 0.9077 | 0.9102 | 0.9143 | 0.9168 | 0.9209 |
| Fibonacci | 0.9033 | 0.9058 | 0.9074 | 0.9099 | 0.9124 | 0.9140 | 0.9165 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8870 | 0.8948 | 0.9002 | 0.9080 | 0.9134 | 0.9212 | 0.9266 |
| Camarilla | 0.9021 | 0.9033 | 0.9045 | 0.9057 | 0.9069 | 0.9081 | 0.9093 |
| Woodie | 0.8859 | 0.8942 | 0.8991 | 0.9074 | 0.9123 | 0.9206 | 0.9255 |
| Fibonacci | 0.8948 | 0.8998 | 0.9029 | 0.9080 | 0.9130 | 0.9161 | 0.9212 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8438 | 0.8652 | 0.8864 | 0.9078 | 0.9290 | 0.9504 | 0.9716 |
| Camarilla | 0.8959 | 0.8998 | 0.9037 | 0.9076 | 0.9115 | 0.9154 | 0.9193 |
| Woodie | 0.8437 | 0.8652 | 0.8863 | 0.9078 | 0.9289 | 0.9504 | 0.9715 |
| Fibonacci | 0.8652 | 0.8815 | 0.8915 | 0.9078 | 0.9241 | 0.9341 | 0.9504 |
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): | 56.90 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 2.3586 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.9110 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9095 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.9072 | |
| Zig ZAG (10): | 0.9108 | |
| VORTEX (21): | 1.1146 | |
| Stochastique (14,3,5): | 41.28 | |
| TEMA (21): | 0.9109 | |
| Williams %R (14): | -51.72 | |
| Chande Momentum Oscillator (20): | -0.0004 | |
| Repulse (5,40,3): | 0.0485 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0108 | |
| Courbe Coppock: | 0.14 |
| MA7: | 0.9095 | |
| MA20: | 0.9143 | |
| MA50: | 0.9056 | |
| MA100: | 0.9033 | |
| MAexp7: | 0.9106 | |
| MAexp20: | 0.9102 | |
| MAexp50: | 0.9094 | |
| MAexp100: | 0.9093 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | +0.49% | |
| Price / MA100: | +0.74% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.08% |
Quotes :
2020-10-07 07:16:33
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Real time data
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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:
-
Market Sentiment Rally Lifts EUR, GBP, AUD, but Stocks Lag | Webinar
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Will EUR/GBP target 0.9400? – 11 September 2020
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GBP/USD, EUR/GBP and GBP/NZD Weekly Outlooks - Webinar
-
Will EUR/GBP continue to push higher? – 23rd July 2020
-
GBP/USD, EUR/GBP and FTSE Outlook - UK Market Webinar
This member declared not having a position on this financial instrument or a related financial instrument.
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