EUR/GBP - 1H - Technical analysis published on 11/28/2023 (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
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.8689 GBP
My targets
0.8658 GBP (-0.0010)
0.8601 GBP (-0.0067)
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 0.8689 GBP. The next bearish objective for sellers is set at 0.8658 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8601 GBP. If there is any crossing, the next objective would be the support located at 0.8570 GBP. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by sabban. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/GBP price is 0.8668 GBP. The price is lower by -0.07% since the last closing and was traded between 0.8666 GBP and 0.8679 GBP over the period. The price is currently at +0.02% from its lowest and -0.13% from its highest.0.8666
0.8679
0.8668
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. 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, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8601 | 0.8658 | 0.8668 | 0.8668 | 0.8689 | 0.8731 | 0.8742 |
| Change (%) | -0.77% | -0.12% | 0% | - | +0.24% | +0.73% | +0.85% |
| Change | -0.0067 | -0.0010 | 0 | - | +0.0021 | +0.0063 | +0.0074 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Minor |
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 | 0.8627 | 0.8643 | 0.8658 | 0.8674 | 0.8689 | 0.8705 | 0.8720 |
| Camarilla | 0.8666 | 0.8668 | 0.8671 | 0.8674 | 0.8677 | 0.8680 | 0.8683 |
| Woodie | 0.8628 | 0.8643 | 0.8659 | 0.8674 | 0.8690 | 0.8705 | 0.8721 |
| Fibonacci | 0.8643 | 0.8655 | 0.8662 | 0.8674 | 0.8686 | 0.8693 | 0.8705 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8549 | 0.8610 | 0.8644 | 0.8705 | 0.8739 | 0.8800 | 0.8834 |
| Camarilla | 0.8652 | 0.8661 | 0.8669 | 0.8678 | 0.8687 | 0.8695 | 0.8704 |
| Woodie | 0.8536 | 0.8603 | 0.8631 | 0.8698 | 0.8726 | 0.8793 | 0.8821 |
| Fibonacci | 0.8610 | 0.8646 | 0.8669 | 0.8705 | 0.8741 | 0.8764 | 0.8800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8492 | 0.8554 | 0.8630 | 0.8692 | 0.8768 | 0.8830 | 0.8906 |
| Camarilla | 0.8668 | 0.8681 | 0.8693 | 0.8706 | 0.8719 | 0.8731 | 0.8744 |
| Woodie | 0.8499 | 0.8558 | 0.8637 | 0.8696 | 0.8775 | 0.8834 | 0.8913 |
| Fibonacci | 0.8554 | 0.8607 | 0.8639 | 0.8692 | 0.8745 | 0.8777 | 0.8830 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.01 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -4.3725 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 0.8670 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8663 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 0.8688 | |
| Zig ZAG (10): | 0.8667 | |
| VORTEX (21): | 1.0233 | |
| Stochastique (14,3,5): | 30.34 | |
| TEMA (21): | 0.8671 | |
| Williams %R (14): | -92.31 | |
| Chande Momentum Oscillator (20): | -0.0008 | |
| Repulse (5,40,3): | -0.1039 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0034 | |
| Courbe Coppock: | 0.05 |
| MA7: | 0.8699 | |
| MA20: | 0.8709 | |
| MA50: | 0.8689 | |
| MA100: | 0.8639 | |
| MAexp7: | 0.8671 | |
| MAexp20: | 0.8672 | |
| MAexp50: | 0.8678 | |
| MAexp100: | 0.8689 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | -0.24% | |
| Price / MA100: | +0.34% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.24% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/GBP at the time of the generation of this analysis was as follows:
-
Technical Analysis: 10/08/2023 - EURGBP downward trend might not have run its course
-
Technical Analysis: 03/08/2023 - EURGBP has a nice setup for a bullish reversal
-
Weekly Technical Analysis: 17/07/2023 - EURUSD, EURGBP, USDJPY
-
Technical Analysis: 21/06/2023 - EURGBP at the bottom of a falling tube
-
Technical Analysis: 31/05/2023 - EURGBP back in bearish mode
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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