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 09/20/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 0.8512 GBP

My targets

0.8300 GBP (-0.0082)

0.8109 GBP (-0.0273)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/GBP as long as the price remains well below 0.8512 GBP. The sellers' bearish objective is set at 0.8300 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8109 GBP. In case of crossing, the next objective would be the support located at 0.7777 GBP. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

7.7

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

Additional analysis

Quotes

The EUR/GBP price is 0.8382 GBP. On the day, this instrument lost -0.24% and was between 0.8381 GBP and 0.8407 GBP. This implies that the price is at +0.01% from its lowest and at -0.30% from its highest.

0.8381

0.8407

0.8382

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

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of EUR/GBP indicates that the overall trend is strongly bearish. 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.

An assessment of technical indicators shows a bearish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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

Near support of channel

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6942	0.7777	0.8300	0.8382	0.8396	0.8512	0.8580
Change (%)	-17.18%	-7.22%	-0.98%	-	+0.17%	+1.55%	+2.36%
Change	-0.1440	-0.0605	-0.0082	-	+0.0014	+0.0130	+0.0198
Level	Minor	Intermediate	Major	-	Major	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8357	0.8375	0.8388	0.8406	0.8419	0.8437	0.8450
Camarilla	0.8394	0.8396	0.8399	0.8402	0.8405	0.8408	0.8411
Woodie	0.8356	0.8374	0.8387	0.8405	0.8418	0.8436	0.8449
Fibonacci	0.8375	0.8387	0.8394	0.8406	0.8418	0.8425	0.8437

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8377	0.8400	0.8419	0.8442	0.8461	0.8484	0.8503
Camarilla	0.8428	0.8431	0.8435	0.8439	0.8443	0.8447	0.8451
Woodie	0.8376	0.8399	0.8418	0.8441	0.8460	0.8483	0.8502
Fibonacci	0.8400	0.8416	0.8426	0.8442	0.8458	0.8468	0.8484

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8109	0.8255	0.8334	0.8480	0.8559	0.8705	0.8784
Camarilla	0.8352	0.8373	0.8393	0.8414	0.8435	0.8455	0.8476
Woodie	0.8077	0.8238	0.8302	0.8463	0.8527	0.8688	0.8752
Fibonacci	0.8255	0.8341	0.8394	0.8480	0.8566	0.8619	0.8705

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):	35.06
MACD (12,26,9):	-0.0019
Directional Movement:	-9.4871
AROON (14):	-50.0000
DEMA (21):	0.8413
Parabolic SAR (0,02-0,02-0,2):	0.8460
Elder Ray (13):	-0.0031
Super Trend (3,10):	0.8488
Zig ZAG (10):	0.8385
VORTEX (21):	0.8479
Stochastique (14,3,5):	13.90
TEMA (21):	0.8401
Williams %R (14):	-98.77
Chande Momentum Oscillator (20):	-0.0045
Repulse (5,40,3):	-0.5770
ROCnROLL:	2
TRIX (15,9):	-0.0288
Courbe Coppock:	0.34

MA7:	0.8421
MA20:	0.8429
MA50:	0.8464
MA100:	0.8481
MAexp7:	0.8414
MAexp20:	0.8436
MAexp50:	0.8459
MAexp100:	0.8483
Price / MA7:	-0.46%
Price / MA20:	-0.56%
Price / MA50:	-0.97%
Price / MA100:	-1.17%
Price / MAexp7:	-0.38%
Price / MAexp20:	-0.64%
Price / MAexp50:	-0.91%
Price / MAexp100:	-1.19%

Quotes : - 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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