EUR/GBP

- GBP (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 05/16/2024 (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

28%

39%

33%

My opinion

Bearish under 0.8590 GBP

My targets

0.8562 GBP (-0.0014)

0.8531 GBP (-0.0045)

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 0.8590 GBP. The sellers' bearish objective is set at 0.8562 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8531 GBP. In case of crossing, the next objective would be the support located at 0.8511 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

6.4

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 price is 0.8576 GBP. On the day, this instrument lost -0.06% and was between 0.8575 GBP and 0.8583 GBP. This implies that the price is at +0.01% from its lowest and at -0.08% from its highest.

0.8575

0.8583

0.8576

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 this 1H chart of EUR/GBP indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

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

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8556	0.8562	0.8575	0.8576	0.8590	0.8596	0.8609
Change (%)	-0.23%	-0.16%	-0.01%	-	+0.16%	+0.23%	+0.38%
Change	-0.0020	-0.0014	-0.0001	-	+0.0014	+0.0020	+0.0033
Level	Minor	Intermediate	Major	-	Minor	Intermediate	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	0.8546	0.8560	0.8571	0.8585	0.8596	0.8610	0.8621
Camarilla	0.8574	0.8576	0.8579	0.8581	0.8583	0.8586	0.8588
Woodie	0.8544	0.8559	0.8569	0.8584	0.8594	0.8609	0.8619
Fibonacci	0.8560	0.8570	0.8576	0.8585	0.8595	0.8601	0.8610

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 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):	40.80
MACD (12,26,9):	-0.0003
Directional Movement:	-9.7976
AROON (14):	0
DEMA (21):	0.8577
Parabolic SAR (0,02-0,02-0,2):	0.8585
Elder Ray (13):	-0.0002
Super Trend (3,10):	0.8593
Zig ZAG (10):	0.8578
VORTEX (21):	1.0000
Stochastique (14,3,5):	29.63
TEMA (21):	0.8577
Williams %R (14):	-77.78
Chande Momentum Oscillator (20):	-0.0001
Repulse (5,40,3):	-0.0150
ROCnROLL:	2
TRIX (15,9):	-0.0055
Courbe Coppock:	0.06

MA7:	0.8593
MA20:	0.8582
MA50:	0.8566
MA100:	0.8567
MAexp7:	0.8578
MAexp20:	0.8581
MAexp50:	0.8586
MAexp100:	0.8590
Price / MA7:	-0.20%
Price / MA20:	-0.07%
Price / MA50:	+0.12%
Price / MA100:	+0.11%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.06%
Price / MAexp50:	-0.12%
Price / MAexp100:	-0.16%

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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