EUR/GBP

- GBP (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 05/03/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bullish

Technical indicators

11%

50%

39%

My opinion

Neutral between 0.8536 GBP and 0.8592 GBP

My targets

My analysis

The neutral short-term trend shows a weakening of the basic, slightly bullish trend on EUR/GBP. It is difficult to advise a trading direction under these conditions. The first resistance is located at 0.8592 GBP. The first support is located at 0.8536 GBP. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.

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

Additional analysis

Quotes

The EUR/GBP rating is 0.8554 GBP. The price registered a decrease of -0.04% on the session and was between 0.8551 GBP and 0.8559 GBP. This implies that the price is at +0.04% from its lowest and at -0.06% from its highest.

0.8551

0.8559

0.8554

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 (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

Technical analysis of EUR/GBP in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8511	0.8536	0.8546	0.8554	0.8562	0.8592	0.8627
Change (%)	-0.50%	-0.21%	-0.09%	-	+0.09%	+0.44%	+0.85%
Change	-0.0043	-0.0018	-0.0008	-	+0.0008	+0.0038	+0.0073
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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.07
MACD (12,26,9):	0.0000
Directional Movement:	5.7068
AROON (14):	-28.5714
DEMA (21):	0.8555
Parabolic SAR (0,02-0,02-0,2):	0.8564
Elder Ray (13):	0
Super Trend (3,10):	0.8540
Zig ZAG (10):	0.8554
VORTEX (21):	1.0593
Stochastique (14,3,5):	21.43
TEMA (21):	0.8554
Williams %R (14):	-78.57
Chande Momentum Oscillator (20):	-0.0005
Repulse (5,40,3):	-0.0068
ROCnROLL:	-1
TRIX (15,9):	0.0018
Courbe Coppock:	0.08

MA7:	0.8552
MA20:	0.8565
MA50:	0.8559
MA100:	0.8571
MAexp7:	0.8554
MAexp20:	0.8554
MAexp50:	0.8552
MAexp100:	0.8554
Price / MA7:	+0.02%
Price / MA20:	-0.13%
Price / MA50:	-0.06%
Price / MA100:	-0.20%
Price / MAexp7:	-0%
Price / MAexp20:	-0%
Price / MAexp50:	+0.02%
Price / MAexp100:	-0%

Quotes : - Real time data - 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:

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

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