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 08/01/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.8416 GBP

My targets

0.8449 GBP (+0.0012)

0.8461 GBP (+0.0024)

My analysis

The bullish trend is currently very strong on EUR/GBP. As long as the price remains above the support at 0.8416 GBP, you could try to benefit from the boom. The first bullish objective is located at 0.8449 GBP. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8461 GBP as an objective. Crossing it would then enable buyers to target 0.8511 GBP. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

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

Additional analysis

Quotes

The EUR/GBP rating is 0.8437 GBP. The price registered an increase of +0.18% on the session and was traded between 0.8421 GBP and 0.8453 GBP over the period. The price is currently at +0.19% from its lowest and -0.19% from its highest.

0.8421

0.8453

0.8437

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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, which identifies the highest / lowest, has detected several elements:

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 bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8410	0.8416	0.8432	0.8437	0.8439	0.8449	0.8461
Change (%)	-0.32%	-0.25%	-0.06%	-	+0.02%	+0.14%	+0.28%
Change	-0.0027	-0.0021	-0.0005	-	+0.0002	+0.0012	+0.0024
Level	Minor	Minor	Intermediate	-	Minor	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8378	0.8397	0.8410	0.8429	0.8442	0.8461	0.8474
Camarilla	0.8413	0.8416	0.8419	0.8422	0.8425	0.8428	0.8431
Woodie	0.8374	0.8396	0.8406	0.8428	0.8438	0.8460	0.8470
Fibonacci	0.8397	0.8410	0.8417	0.8429	0.8442	0.8449	0.8461

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8346	0.8369	0.8403	0.8426	0.8460	0.8483	0.8517
Camarilla	0.8420	0.8426	0.8431	0.8436	0.8441	0.8447	0.8452
Woodie	0.8351	0.8372	0.8408	0.8429	0.8465	0.8486	0.8522
Fibonacci	0.8369	0.8391	0.8405	0.8426	0.8448	0.8462	0.8483

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8254	0.8319	0.8370	0.8435	0.8486	0.8551	0.8602
Camarilla	0.8390	0.8401	0.8411	0.8422	0.8433	0.8443	0.8454
Woodie	0.8248	0.8316	0.8364	0.8432	0.8480	0.8548	0.8596
Fibonacci	0.8319	0.8363	0.8390	0.8435	0.8479	0.8506	0.8551

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	57.89
MACD (12,26,9):	0.0004
Directional Movement:	17.4803
AROON (14):	78.5714
DEMA (21):	0.8437
Parabolic SAR (0,02-0,02-0,2):	0.8422
Elder Ray (13):	0.0011
Super Trend (3,10):	0.8424
Zig ZAG (10):	0.8442
VORTEX (21):	1.0225
Stochastique (14,3,5):	72.22
TEMA (21):	0.8440
Williams %R (14):	-36.11
Chande Momentum Oscillator (20):	0.0021
Repulse (5,40,3):	-0.0278
ROCnROLL:	1
TRIX (15,9):	0.0026
Courbe Coppock:	0.37

MA7:	0.8426
MA20:	0.8424
MA50:	0.8455
MA100:	0.8510
MAexp7:	0.8439
MAexp20:	0.8433
MAexp50:	0.8429
MAexp100:	0.8427
Price / MA7:	+0.13%
Price / MA20:	+0.15%
Price / MA50:	-0.21%
Price / MA100:	-0.86%
Price / MAexp7:	-0.02%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.09%
Price / MAexp100:	+0.12%

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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