EUR/GBP

- GBP (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - Daily - Technical analysis published on 08/01/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 0.8511 GBP

My targets

0.8397 GBP (-0.0041)

0.8300 GBP (-0.0138)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/GBP. As long as you are under the resistance located at 0.8511 GBP, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.8397 GBP would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.8300 GBP as an objective. Crossing it would then enable sellers to target 0.7777 GBP. If the resistance 0.8511 GBP were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.4

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

Additional analysis

Quotes

The EUR/GBP rating is 0.8438 GBP. On the day, this instrument gained +0.19% and was traded between 0.8421 GBP and 0.8453 GBP over the period. The price is currently at +0.20% from its lowest and -0.18% from its highest.

0.8421

0.8453

0.8438

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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 EUR/GBP in Daily shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7777	0.8300	0.8397	0.8438	0.8511	0.8563	0.8627
Change (%)	-7.83%	-1.64%	-0.49%	-	+0.87%	+1.48%	+2.24%
Change	-0.0661	-0.0138	-0.0041	-	+0.0073	+0.0125	+0.0189
Level	Intermediate	Major	Major	-	Major	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.86
MACD (12,26,9):	-0.0009
Directional Movement:	-1.2490
AROON (14):	57.1428
DEMA (21):	0.8416
Parabolic SAR (0,02-0,02-0,2):	0.8399
Elder Ray (13):	0.0011
Super Trend (3,10):	0.8474
Zig ZAG (10):	0.8442
VORTEX (21):	0.9322
Stochastique (14,3,5):	58.97
TEMA (21):	0.8422
Williams %R (14):	-25.64
Chande Momentum Oscillator (20):	0.0040
Repulse (5,40,3):	0.0081
ROCnROLL:	-1
TRIX (15,9):	-0.0229
Courbe Coppock:	0.02

MA7:	0.8426
MA20:	0.8424
MA50:	0.8455
MA100:	0.8510
MAexp7:	0.8427
MAexp20:	0.8430
MAexp50:	0.8457
MAexp100:	0.8493
Price / MA7:	+0.14%
Price / MA20:	+0.17%
Price / MA50:	-0.20%
Price / MA100:	-0.85%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.09%
Price / MAexp50:	-0.22%
Price / MAexp100:	-0.65%

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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