EUR/GBP

- GBP (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURGBP
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EUR/GBP - 1H - Technical analysis published on 05/17/2024 (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

17%

72%

11%

My opinion

Bearish under 0.8574 GBP

My targets

0.8531 GBP (-0.0025)

0.8511 GBP (-0.0045)

My analysis

The bearish trend is currently very strong for EUR/GBP. As long as the price remains below the resistance at 0.8574 GBP, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.8531 GBP. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8511 GBP as an objective. Crossing it would then enable sellers to target 0.8300 GBP. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.9

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 0.8556 GBP. The price registered a decrease of -0.25% on the session with the lowest point at 0.8555 GBP and the highest point at 0.8581 GBP. The deviation from the price is +0.01% for the low point and -0.29% for the high point.

0.8555

0.8581

0.8556

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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8300	0.8511	0.8531	0.8556	0.8562	0.8574	0.8588
Change (%)	-2.99%	-0.53%	-0.29%	-	+0.07%	+0.21%	+0.37%
Change	-0.0256	-0.0045	-0.0025	-	+0.0006	+0.0018	+0.0032
Level	Major	Major	Intermediate	-	Intermediate	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8556	0.8564	0.8571	0.8579	0.8586	0.8594	0.8601
Camarilla	0.8573	0.8574	0.8576	0.8577	0.8578	0.8580	0.8581
Woodie	0.8555	0.8564	0.8570	0.8579	0.8585	0.8594	0.8600
Fibonacci	0.8564	0.8570	0.8574	0.8579	0.8585	0.8589	0.8594

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):	21.32
MACD (12,26,9):	-0.0005
Directional Movement:	-20.1639
AROON (14):	-85.7142
DEMA (21):	0.8564
Parabolic SAR (0,02-0,02-0,2):	0.8570
Elder Ray (13):	-0.0011
Super Trend (3,10):	0.8574
Zig ZAG (10):	0.8557
VORTEX (21):	0.8019
Stochastique (14,3,5):	10.39
TEMA (21):	0.8561
Williams %R (14):	-92.31
Chande Momentum Oscillator (20):	-0.0021
Repulse (5,40,3):	-0.0934
ROCnROLL:	2
TRIX (15,9):	-0.0054
Courbe Coppock:	0.34

MA7:	0.8587
MA20:	0.8579
MA50:	0.8567
MA100:	0.8565
MAexp7:	0.8563
MAexp20:	0.8570
MAexp50:	0.8577
MAexp100:	0.8582
Price / MA7:	-0.36%
Price / MA20:	-0.27%
Price / MA50:	-0.13%
Price / MA100:	-0.11%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.16%
Price / MAexp50:	-0.24%
Price / MAexp100:	-0.30%

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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