EUR/GBP - 15 min. - Technical analysis published on 03/16/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.8975 GBP
My targets
0.9108 GBP (+0.0038)
0.9181 GBP (+0.0111)
My analysis
EUR/GBP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.8975 GBP. The next resistance located at 0.9108 GBP is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.9181 GBP. After this resistance, buyers could then target 0.9314 GBP. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.6
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This analysis was given by dbranez. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/GBP price is 0.9070 GBP. The price has increased by +0.40% since the last closing with the lowest point at 0.8983 GBP and the highest point at 0.9090 GBP. The deviation from the price is +0.97% for the low point and -0.22% for the high point.0.8983
0.9090
0.9070
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:
Technical
Technical analysis of this 15 min. chart of EUR/GBP indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish 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, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8761 | 0.8848 | 0.8929 | 0.9070 | 0.9090 | 0.9177 | 0.9310 |
| Change (%) | -3.41% | -2.45% | -1.55% | - | +0.22% | +1.18% | +2.65% |
| Change | -0.0309 | -0.0222 | -0.0141 | - | +0.0020 | +0.0107 | +0.0240 |
| Level | Major | Minor | Major | - | Major | Minor | Major |
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 | 0.8696 | 0.8769 | 0.8902 | 0.8975 | 0.9108 | 0.9181 | 0.9314 |
| Camarilla | 0.8977 | 0.8996 | 0.9015 | 0.9034 | 0.9053 | 0.9072 | 0.9091 |
| Woodie | 0.8725 | 0.8784 | 0.8931 | 0.8990 | 0.9137 | 0.9196 | 0.9343 |
| Fibonacci | 0.8769 | 0.8848 | 0.8897 | 0.8975 | 0.9054 | 0.9103 | 0.9181 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8384 | 0.8520 | 0.8777 | 0.8913 | 0.9170 | 0.9306 | 0.9563 |
| Camarilla | 0.8926 | 0.8962 | 0.8998 | 0.9034 | 0.9070 | 0.9106 | 0.9142 |
| Woodie | 0.8445 | 0.8550 | 0.8838 | 0.8943 | 0.9231 | 0.9336 | 0.9624 |
| Fibonacci | 0.8520 | 0.8670 | 0.8763 | 0.8913 | 0.9063 | 0.9156 | 0.9306 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8015 | 0.8149 | 0.8375 | 0.8509 | 0.8735 | 0.8869 | 0.9095 |
| Camarilla | 0.8503 | 0.8536 | 0.8569 | 0.8602 | 0.8635 | 0.8668 | 0.8701 |
| Woodie | 0.8062 | 0.8172 | 0.8422 | 0.8532 | 0.8782 | 0.8892 | 0.9142 |
| Fibonacci | 0.8149 | 0.8286 | 0.8371 | 0.8509 | 0.8646 | 0.8731 | 0.8869 |
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): | 60.30 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 19.7464 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.9048 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9022 | |
| Elder Ray (13): | 0.0021 | |
| Super Trend (3,10): | 0.8996 | |
| Zig ZAG (10): | 0.9064 | |
| VORTEX (21): | 1.1292 | |
| Stochastique (14,3,5): | 63.57 | |
| TEMA (21): | 0.9056 | |
| Williams %R (14): | -30.23 | |
| Chande Momentum Oscillator (20): | 0.0051 | |
| Repulse (5,40,3): | 0.2344 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0118 | |
| Courbe Coppock: | 0.87 |
| MA7: | 0.8846 | |
| MA20: | 0.8621 | |
| MA50: | 0.8526 | |
| MA100: | 0.8528 | |
| MAexp7: | 0.9054 | |
| MAexp20: | 0.9033 | |
| MAexp50: | 0.9013 | |
| MAexp100: | 0.8982 | |
| Price / MA7: | +2.53% | |
| Price / MA20: | +5.21% | |
| Price / MA50: | +6.38% | |
| Price / MA100: | +6.36% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +0.99% |
News
The last news published on EUR/GBP at the time of the generation of this analysis was as follows:
-
Weekly Technical Analysis: 04/03/2020 - US500 index (cash), EURUSD, EURGBP
-
Will EUR/GBP target 0.8200? – 13th February 2020
-
UK Weekly Webinar: GBP/USD, EUR/GBP and FTSE Eye BoE Decision
-
EUR/GBP Forecast January 23, 2020
-
UK Weekly Webinar - GBP/USD, EUR/GBP and FTSE Eye UK PMIs
This member declared not having a position on this financial instrument or a related financial instrument.
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