EUR/GBP

- GBP (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - Daily - Technical analysis published on 05/10/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 0.8761 GBP

My targets

0.8644 GBP (-0.0053)

0.8579 GBP (-0.0118)

My analysis

All elements being clearly 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 0.8761 GBP. The sellers' bearish objective is set at 0.8644 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8579 GBP. In case of crossing, the next objective would be the support located at 0.8483 GBP. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.8

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 Serghei71. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/GBP rating is 0.8697 GBP. The price registered an increase of +0.14% on the session and was traded between 0.8671 GBP and 0.8701 GBP over the period. The price is currently at +0.30% from its lowest and -0.05% from its highest.

0.8671

0.8701

0.8697

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of EUR/GBP indicates that the overall trend is strongly bearish. 89.29% 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 market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8483	0.8579	0.8644	0.8697	0.8761	0.8855	0.8959
Change (%)	-2.46%	-1.36%	-0.61%	-	+0.74%	+1.82%	+3.01%
Change	-0.0214	-0.0118	-0.0053	-	+0.0064	+0.0158	+0.0262
Level	Minor	Major	Intermediate	-	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	0.8626	0.8652	0.8668	0.8694	0.8710	0.8736	0.8752
Camarilla	0.8674	0.8677	0.8681	0.8685	0.8689	0.8693	0.8697
Woodie	0.8622	0.8650	0.8664	0.8692	0.8706	0.8734	0.8748
Fibonacci	0.8652	0.8668	0.8678	0.8694	0.8710	0.8720	0.8736

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8555	0.8634	0.8679	0.8758	0.8803	0.8882	0.8927
Camarilla	0.8691	0.8702	0.8714	0.8725	0.8736	0.8748	0.8759
Woodie	0.8539	0.8626	0.8663	0.8750	0.8787	0.8874	0.8911
Fibonacci	0.8634	0.8681	0.8710	0.8758	0.8805	0.8834	0.8882

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8560	0.8645	0.8707	0.8792	0.8854	0.8939	0.9001
Camarilla	0.8730	0.8743	0.8757	0.8770	0.8784	0.8797	0.8810
Woodie	0.8550	0.8639	0.8697	0.8786	0.8844	0.8933	0.8991
Fibonacci	0.8645	0.8701	0.8736	0.8792	0.8848	0.8883	0.8939

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):	35.63
MACD (12,26,9):	-0.0026
Directional Movement:	-16.2296
AROON (14):	-78.5714
DEMA (21):	0.8748
Parabolic SAR (0,02-0,02-0,2):	0.8816
Elder Ray (13):	-0.0074
Super Trend (3,10):	0.8817
Zig ZAG (10):	0.8698
VORTEX (21):	0.8972
Stochastique (14,3,5):	6.79
TEMA (21):	0.8727
Williams %R (14):	-87.32
Chande Momentum Oscillator (20):	-0.0149
Repulse (5,40,3):	-0.4731
ROCnROLL:	2
TRIX (15,9):	-0.0146
Courbe Coppock:	2.00

MA7:	0.8745
MA20:	0.8798
MA50:	0.8804
MA100:	0.8819
MAexp7:	0.8733
MAexp20:	0.8775
MAexp50:	0.8795
MAexp100:	0.8785
Price / MA7:	-0.55%
Price / MA20:	-1.15%
Price / MA50:	-1.22%
Price / MA100:	-1.38%
Price / MAexp7:	-0.41%
Price / MAexp20:	-0.89%
Price / MAexp50:	-1.11%
Price / MAexp100:	-1.00%

Quotes : - Real time data - Forex

News

The last news published on EUR/GBP at the time of the generation of this analysis was as follows:

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

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