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 10/21/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

67%

28%

My opinion

Neutral between 0.8300 GBP and 0.8354 GBP

My targets

My analysis

The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 0.8354 GBP. The first support is located at 0.8300 GBP. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by EUR/GBP.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 0.8329 GBP. The price has increased by +0.05% since the last closing with the lowest point at 0.8321 GBP and the highest point at 0.8339 GBP. The deviation from the price is +0.10% for the low point and -0.12% for the high point.

0.8321

0.8339

0.8329

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

Here is a more detailed summary of the historical variations registered by EUR/GBP:

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 LOW record (1 year)

Type : Bearish

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

A technical analysis in 1H of this EUR/GBP chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 12 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

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

Price is back over the pivot point

Type : Bullish

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 resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7777	0.8300	0.8323	0.8329	0.8336	0.8354	0.8375
Change (%)	-6.63%	-0.35%	-0.07%	-	+0.08%	+0.30%	+0.55%
Change	-0.0552	-0.0029	-0.0006	-	+0.0007	+0.0025	+0.0046
Level	Intermediate	Major	Major	-	Intermediate	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8260	0.8278	0.8301	0.8319	0.8342	0.8360	0.8383
Camarilla	0.8314	0.8318	0.8321	0.8325	0.8329	0.8333	0.8336
Woodie	0.8264	0.8279	0.8305	0.8320	0.8346	0.8361	0.8387
Fibonacci	0.8278	0.8293	0.8303	0.8319	0.8334	0.8344	0.8360

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8200	0.8248	0.8286	0.8334	0.8372	0.8420	0.8458
Camarilla	0.8301	0.8309	0.8317	0.8325	0.8333	0.8341	0.8349
Woodie	0.8196	0.8246	0.8282	0.8332	0.8368	0.8418	0.8454
Fibonacci	0.8248	0.8281	0.8301	0.8334	0.8367	0.8387	0.8420

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8118	0.8215	0.8270	0.8367	0.8422	0.8519	0.8574
Camarilla	0.8283	0.8297	0.8311	0.8325	0.8339	0.8353	0.8367
Woodie	0.8097	0.8205	0.8249	0.8357	0.8401	0.8509	0.8553
Fibonacci	0.8215	0.8273	0.8309	0.8367	0.8425	0.8461	0.8519

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):	55.96
MACD (12,26,9):	0.0001
Directional Movement:	10.7361
AROON (14):	85.7143
DEMA (21):	0.8330
Parabolic SAR (0,02-0,02-0,2):	0.8326
Elder Ray (13):	0.0003
Super Trend (3,10):	0.8317
Zig ZAG (10):	0.8334
VORTEX (21):	1.1081
Stochastique (14,3,5):	64.81
TEMA (21):	0.8333
Williams %R (14):	-27.78
Chande Momentum Oscillator (20):	0.0007
Repulse (5,40,3):	0.0215
ROCnROLL:	1
TRIX (15,9):	0.0013
Courbe Coppock:	0.06

MA7:	0.8341
MA20:	0.8351
MA50:	0.8413
MA100:	0.8439
MAexp7:	0.8331
MAexp20:	0.8328
MAexp50:	0.8330
MAexp100:	0.8337
Price / MA7:	-0.14%
Price / MA20:	-0.26%
Price / MA50:	-1.00%
Price / MA100:	-1.30%
Price / MAexp7:	-0.02%
Price / MAexp20:	+0.01%
Price / MAexp50:	-0.01%
Price / MAexp100:	-0.10%

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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