EUR/GBP

- GBP (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 05/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 0.8596 GBP

My targets

0.8571 GBP (-0.0010)

0.8562 GBP (-0.0019)

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 0.8596 GBP. The sellers' bearish objective is set at 0.8571 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8562 GBP. In case of crossing, the next objective would be the support located at 0.8556 GBP. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

7.1

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

EUR/GBP rating 0.8581 GBP. The price is lower by -0.14% since the last closing with the lowest point at 0.8575 GBP and the highest point at 0.8600 GBP. The deviation from the price is +0.07% for the low point and -0.22% for the high point.

0.8575

0.8600

0.8581

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 a overall strongly bearish trend. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8562	0.8571	0.8578	0.8581	0.8587	0.8596	0.8609
Change (%)	-0.22%	-0.12%	-0.03%	-	+0.07%	+0.17%	+0.33%
Change	-0.0019	-0.0010	-0.0003	-	+0.0006	+0.0015	+0.0028
Level	Minor	Minor	Minor	-	Major	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	0.8554	0.8570	0.8582	0.8598	0.8610	0.8626	0.8638
Camarilla	0.8585	0.8588	0.8590	0.8593	0.8596	0.8598	0.8601
Woodie	0.8551	0.8569	0.8579	0.8597	0.8607	0.8625	0.8635
Fibonacci	0.8570	0.8581	0.8588	0.8598	0.8609	0.8616	0.8626

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8498	0.8527	0.8563	0.8592	0.8628	0.8657	0.8693
Camarilla	0.8581	0.8587	0.8593	0.8599	0.8605	0.8611	0.8617
Woodie	0.8502	0.8529	0.8567	0.8594	0.8632	0.8659	0.8697
Fibonacci	0.8527	0.8552	0.8567	0.8592	0.8617	0.8632	0.8657

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	40.23
MACD (12,26,9):	-0.0003
Directional Movement:	-14.7241
AROON (14):	-42.8571
DEMA (21):	0.8586
Parabolic SAR (0,02-0,02-0,2):	0.8591
Elder Ray (13):	-0.0005
Super Trend (3,10):	0.8600
Zig ZAG (10):	0.8582
VORTEX (21):	0.9000
Stochastique (14,3,5):	36.00
TEMA (21):	0.8584
Williams %R (14):	-72.00
Chande Momentum Oscillator (20):	-0.0010
Repulse (5,40,3):	-0.0134
ROCnROLL:	2
TRIX (15,9):	-0.0036
Courbe Coppock:	0.18

MA7:	0.8597
MA20:	0.8581
MA50:	0.8565
MA100:	0.8568
MAexp7:	0.8586
MAexp20:	0.8589
MAexp50:	0.8593
MAexp100:	0.8594
Price / MA7:	-0.19%
Price / MA20:	-0%
Price / MA50:	+0.19%
Price / MA100:	+0.15%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.09%
Price / MAexp50:	-0.14%
Price / MAexp100:	-0.15%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/GBP at the time of the analysis were as follows:

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

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