EUR/GBP

- GBP (-)

- Real time data - Forex

Open:	-
Change:	-
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Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - Daily - Technical analysis published on 12/09/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 0.8396 GBP

My targets

0.8047 GBP (-0.0226)

0.7777 GBP (-0.0496)

My analysis

The bearish trend is currently very strong for EUR/GBP. As long as the price remains below the resistance at 0.8396 GBP, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.8047 GBP. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.7777 GBP as an objective. Crossing it would then enable sellers to target 0.6942 GBP. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

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

Additional analysis

Quotes

EUR/GBP rating 0.8273 GBP. On the day, this instrument lost -0.24% and was between 0.8269 GBP and 0.8294 GBP. This implies that the price is at +0.05% from its lowest and at -0.25% from its highest.

0.8269

0.8294

0.8273

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

Bearish opening

Type : Bearish

Timeframe : Openning

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, 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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6942	0.7777	0.8273	0.8300	0.8396	0.8440
Change (%)	-16.09%	-6.00%	-	+0.33%	+1.49%	+2.02%
Change	-0.1331	-0.0496	-	+0.0027	+0.0123	+0.0167
Level	Minor	Intermediate	-	Major	Minor	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
Standard	0.8259	0.8269	0.8281	0.8291	0.8303	0.8313	0.8325
Camarilla	0.8287	0.8289	0.8291	0.8293	0.8295	0.8297	0.8299
Woodie	0.8260	0.8270	0.8282	0.8292	0.8304	0.8314	0.8326
Fibonacci	0.8269	0.8277	0.8283	0.8291	0.8299	0.8305	0.8313

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8226	0.8248	0.8270	0.8292	0.8314	0.8336	0.8358
Camarilla	0.8281	0.8285	0.8289	0.8293	0.8297	0.8301	0.8305
Woodie	0.8227	0.8248	0.8271	0.8292	0.8315	0.8336	0.8359
Fibonacci	0.8248	0.8265	0.8275	0.8292	0.8309	0.8319	0.8336

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8047	0.8154	0.8230	0.8337	0.8413	0.8520	0.8596
Camarilla	0.8257	0.8274	0.8290	0.8307	0.8324	0.8341	0.8357
Woodie	0.8033	0.8146	0.8216	0.8329	0.8399	0.8512	0.8582
Fibonacci	0.8154	0.8224	0.8267	0.8337	0.8407	0.8450	0.8520

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):	38.76
MACD (12,26,9):	-0.0017
Directional Movement:	-12.9146
AROON (14):	-21.4286
DEMA (21):	0.8291
Parabolic SAR (0,02-0,02-0,2):	0.8354
Elder Ray (13):	-0.0021
Super Trend (3,10):	0.8266
Zig ZAG (10):	0.8270
VORTEX (21):	0.9722
Stochastique (14,3,5):	16.70
TEMA (21):	0.8286
Williams %R (14):	-97.94
Chande Momentum Oscillator (20):	-0.0048
Repulse (5,40,3):	-0.2644
ROCnROLL:	2
TRIX (15,9):	-0.0207
Courbe Coppock:	0.94

MA7:	0.8290
MA20:	0.8317
MA50:	0.8337
MA100:	0.8396
MAexp7:	0.8292
MAexp20:	0.8312
MAexp50:	0.8340
MAexp100:	0.8380
Price / MA7:	-0.21%
Price / MA20:	-0.53%
Price / MA50:	-0.77%
Price / MA100:	-1.46%
Price / MAexp7:	-0.23%
Price / MAexp20:	-0.47%
Price / MAexp50:	-0.80%
Price / MAexp100:	-1.28%

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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