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 05/16/2024 (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

22%

39%

My opinion

Bearish under 0.8590 GBP

My targets

0.8562 GBP (-0.0015)

0.8531 GBP (-0.0046)

My analysis

EUR/GBP is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.8590 GBP. The next support located at 0.8562 GBP is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.8531 GBP. Below this support, sellers could then target 0.8511 GBP. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.6

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 0.8577 GBP. The price is lower by -0.05% since the last closing with the lowest point at 0.8574 GBP and the highest point at 0.8588 GBP. The deviation from the price is +0.03% for the low point and -0.13% for the high point.

0.8574

0.8588

0.8577

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

The Central Records scanner for higher/lower results shows the following items:

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. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

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, 7 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

Near support of channel

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

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	0.8577	0.8590	0.8596	0.8609
Change (%)	-0.24%	-0.17%	-0.02%	-	+0.15%	+0.22%	+0.37%
Change	-0.0021	-0.0015	-0.0002	-	+0.0013	+0.0019	+0.0032
Level	Minor	Intermediate	Major	-	Minor	Intermediate	Minor

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

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

Technical indicators

Moving averages

RSI (14):	41.35
MACD (12,26,9):	-0.0001
Directional Movement:	-2.6252
AROON (14):	35.7143
DEMA (21):	0.8579
Parabolic SAR (0,02-0,02-0,2):	0.8576
Elder Ray (13):	-0.0002
Super Trend (3,10):	0.8593
Zig ZAG (10):	0.8577
VORTEX (21):	1.0000
Stochastique (14,3,5):	45.24
TEMA (21):	0.8581
Williams %R (14):	-78.57
Chande Momentum Oscillator (20):	-0.0001
Repulse (5,40,3):	-0.0826
ROCnROLL:	2
TRIX (15,9):	-0.0029
Courbe Coppock:	0.04

MA7:	0.8593
MA20:	0.8582
MA50:	0.8566
MA100:	0.8567
MAexp7:	0.8581
MAexp20:	0.8581
MAexp50:	0.8585
MAexp100:	0.8589
Price / MA7:	-0.19%
Price / MA20:	-0.06%
Price / MA50:	+0.13%
Price / MA100:	+0.12%
Price / MAexp7:	-0.05%
Price / MAexp20:	-0.05%
Price / MAexp50:	-0.09%
Price / MAexp100:	-0.14%

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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