EUR/GBP
EUR GBP
- GBP (-)
- Real time data - Forex
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Type: Forex
Ticker: EURGBP
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EUR/GBP - 15 min. - Technical analysis published on 11/22/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
78%
11%
11%
My opinion
Bullish above 0.8685 GBP
My targets
0.8719 GBP (+0.0009)
0.8736 GBP (+0.0026)
My analysis
The strong short-term increase of EUR/GBP should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 0.8685 GBP, a purchase could be considered. The first bullish objective is located at 0.8719 GBP. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 0.8736 GBP. If there is any crossing, the next objective would be the resistance at 0.8770 GBP. Caution, if there is a return under 0.8685 GBP, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.8

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 sabban. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

EUR/GBP rating 0.8710 GBP. The price registered an increase of +0.08% on the session and was between 0.8692 GBP and 0.8714 GBP. This implies that the price is at +0.21% from its lowest and at -0.05% from its highest.

0.8692
0.8714
0.8710

Here is a more detailed summary of the historical variations registered by EUR/GBP:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 15 min. shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 15 minutes



In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 15 minutes


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 15 minutes


MACD indicator is back over 0

Type : Bullish

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8668 0.8688 0.8702 0.8710 0.8716 0.8731 0.8742
Change (%) -0.48% -0.25% -0.09% - +0.07% +0.24% +0.37%
Change -0.0042 -0.0022 -0.0008 - +0.0006 +0.0021 +0.0032
Level Major Minor Intermediate - Minor Major Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.86340.86680.86850.87190.87360.87700.8787
Camarilla0.86890.86940.86980.87030.87080.87120.8717
Woodie0.86270.86640.86780.87150.87290.87660.8780
Fibonacci0.86680.86870.86990.87190.87380.87500.8770


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.86250.86570.87030.87350.87810.88130.8859
Camarilla0.87290.87360.87430.87500.87570.87640.8772
Woodie0.86330.86610.87110.87390.87890.88170.8867
Fibonacci0.86570.86870.87050.87350.87650.87830.8813


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.84920.85540.86300.86920.87680.88300.8906
Camarilla0.86680.86810.86930.87060.87190.87310.8744
Woodie0.84990.85580.86370.86960.87750.88340.8913
Fibonacci0.85540.86070.86390.86920.87450.87770.8830

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): 63.40
MACD (12,26,9): 0.0001
Directional Movement: 8.7564
AROON (14): 28.5714
DEMA (21): 0.8703
Parabolic SAR (0,02-0,02-0,2): 0.8695
Elder Ray (13): 0.0006
Super Trend (3,10): 0.8692
Zig ZAG (10): 0.8710
VORTEX (21): 1.0654
Stochastique (14,3,5): 75.00
TEMA (21): 0.8705
Williams %R (14): -10.00
Chande Momentum Oscillator (20): 0.0011
Repulse (5,40,3): 0.0760
ROCnROLL: 1
TRIX (15,9): -0.0018
Courbe Coppock: 0.08
MA7: 0.8729
MA20: 0.8715
MA50: 0.8683
MA100: 0.8634
MAexp7: 0.8705
MAexp20: 0.8703
MAexp50: 0.8704
MAexp100: 0.8710
Price / MA7: -0.22%
Price / MA20: -0.06%
Price / MA50: +0.31%
Price / MA100: +0.88%
Price / MAexp7: +0.06%
Price / MAexp20: +0.08%
Price / MAexp50: +0.07%
Price / MAexp100: -0%

Quotes : - Real time data - Forex

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

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