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 10/21/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 0.8396 GBP

My targets

0.8300 GBP (-0.0030)

0.8118 GBP (-0.0212)

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 0.8396 GBP. The next bearish objective for sellers 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 0.8118 GBP. If there is any crossing, the next objective would be the support located at 0.7777 GBP. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.4

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 price is 0.8330 GBP. The price registered an increase of +0.06% on the session and was between 0.8321 GBP and 0.8339 GBP. This implies that the price is at +0.11% from its lowest and at -0.11% from its highest.

0.8321

0.8339

0.8330

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

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

Technical analysis of this Daily chart of EUR/GBP indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7777	0.8300	0.8323	0.8330	0.8396	0.8515	0.8627
Change (%)	-6.64%	-0.36%	-0.08%	-	+0.79%	+2.22%	+3.57%
Change	-0.0553	-0.0030	-0.0007	-	+0.0066	+0.0185	+0.0297
Level	Intermediate	Major	Major	-	Intermediate	Intermediate	Minor

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	42.52
MACD (12,26,9):	-0.0020
Directional Movement:	-3.0407
AROON (14):	-78.5714
DEMA (21):	0.8331
Parabolic SAR (0,02-0,02-0,2):	0.8417
Elder Ray (13):	-0.0019
Super Trend (3,10):	0.8429
Zig ZAG (10):	0.8334
VORTEX (21):	0.9308
Stochastique (14,3,5):	19.50
TEMA (21):	0.8332
Williams %R (14):	-71.94
Chande Momentum Oscillator (20):	-0.0071
Repulse (5,40,3):	-0.0389
ROCnROLL:	2
TRIX (15,9):	-0.0352
Courbe Coppock:	0.14

MA7:	0.8341
MA20:	0.8351
MA50:	0.8413
MA100:	0.8439
MAexp7:	0.8340
MAexp20:	0.8359
MAexp50:	0.8397
MAexp100:	0.8437
Price / MA7:	-0.13%
Price / MA20:	-0.25%
Price / MA50:	-0.99%
Price / MA100:	-1.29%
Price / MAexp7:	-0.12%
Price / MAexp20:	-0.35%
Price / MAexp50:	-0.80%
Price / MAexp100:	-1.27%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/GBP at the time of the analysis were as follows:

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

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