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EUR/GBP
EUR GBP
5,468.41 GBP (-0.94%)
03/07/2025 - 16:35 Closed Real time data - Forex
Open: 5,503.96
Change: -52.06
Volume: 0
Low: 5,434.86
High: 5,503.96
High / Low range: 69.10
Type: Forex
Ticker: EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 08/20/2024 (GMT)

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  • 08/20/2024 - 13:03
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  • Timeframe : 1H
  • - Analysis generated on 08/20/2024 - 13:03
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 0.8531 GBP
My targets
0.8511 GBP (-0.0010)
0.8442 GBP (-0.0079)
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 0.8531 GBP. The next support located at 0.8511 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 0.8442 GBP. Below this support, sellers could then target 0.8397 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 confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1

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.

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15 min. Daily Weekly

Additional analysis

Quotes

The EUR/GBP rating is 0.8521 GBP. On the day, this instrument lost -0.15% and was traded between 0.8515 GBP and 0.8538 GBP over the period. The price is currently at +0.07% from its lowest and -0.20% from its highest.

0.8515
0.8538
0.8521

Here is a more detailed summary of the historical variations registered by EUR/GBP:
Created with Raphaël 2.3.0-2-1012January 1st3 years1 year6 months1 month5 daysToday
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/GBP chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8397 0.8442 0.8511 0.8521 0.8531 0.8544 0.8563
Change (%) -1.46% -0.93% -0.12% - +0.12% +0.27% +0.49%
Change -0.0124 -0.0079 -0.0010 - +0.0010 +0.0023 +0.0042
Level Minor Minor Major - Intermediate Intermediate Major



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
Standard0.84890.84990.85160.85260.85430.85530.8570
Camarilla0.85270.85290.85320.85340.85370.85390.8541
Woodie0.84940.85010.85210.85280.85480.85550.8575
Fibonacci0.84990.85090.85150.85260.85360.85420.8553


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.84050.84570.84880.85400.85710.86230.8654
Camarilla0.84950.85030.85100.85180.85260.85330.8541
Woodie0.83940.84520.84770.85350.85600.86180.8643
Fibonacci0.84570.84890.85090.85400.85720.85920.8623


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.82540.83190.83700.84350.84860.85510.8602
Camarilla0.83900.84010.84110.84220.84330.84430.8454
Woodie0.82480.83160.83640.84320.84800.85480.8596
Fibonacci0.83190.83630.83900.84350.84790.85060.8551

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
Created with Raphaël 2.3.0Sell14
Moving averages
Created with Raphaël 2.3.0Sell23

RSI (14): 38.73
MACD (12,26,9): -0.0002
Directional Movement: -1.7130
AROON (14): -71.4285
DEMA (21): 0.8524
Parabolic SAR (0,02-0,02-0,2): 0.8533
Elder Ray (13): -0.0007
Super Trend (3,10): 0.8540
Zig ZAG (10): 0.8519
VORTEX (21): 0.9766
Stochastique (14,3,5): 17.79
TEMA (21): 0.8523
Williams %R (14): -82.61
Chande Momentum Oscillator (20): -0.0015
Repulse (5,40,3): -0.0497
ROCnROLL: 2
TRIX (15,9): 0.0016
Courbe Coppock: 0.23
MA7: 0.8543
MA20: 0.8512
MA50: 0.8471
MA100: 0.8510
MAexp7: 0.8522
MAexp20: 0.8526
MAexp50: 0.8528
MAexp100: 0.8536
Price / MA7: -0.26%
Price / MA20: +0.11%
Price / MA50: +0.59%
Price / MA100: +0.13%
Price / MAexp7: -0.01%
Price / MAexp20: -0.06%
Price / MAexp50: -0.08%
Price / MAexp100: -0.18%

Quotes : 08/20/2024 - 13:03 - Real time data - Forex

News


The last news published on EUR/GBP at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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