Londinia Opportunities Analyses - 07/22/2024 (GMT) EUR/GBP FULL1224 - 1H
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USD
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10 min delayed data - CME Globex Futures
| Type: | Futures |
| Ticker: | EURGBPXXXX |
| ISIN: | EURGBPXXXX |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.84320 USD
My targets
0.84655 USD (+0.20%)
0.84755 USD (+0.32%)
My analysis
The bullish trend is currently very strong on EUR/GBP FULL0924. As long as the price remains above the support at 0.84320 USD, you could try to benefit from the boom. The first bullish objective is located at 0.84655 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.84755 USD as an objective. Crossing it would then enable buyers to target 0.84827 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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Additional analysis
Quotes
EUR/GBP FULL0924 rating 0.84485 USD. On the day, this instrument gained +0.03% and was between 0.84455 USD and 0.84485 USD. This implies that the price is at +0.04% from its lowest and at 0% from its highest.0.84455
0.84485
0.84485
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 EUR/GBP FULL0924 in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.84229 | 0.84320 | 0.84406 | 0.84485 | 0.84514 | 0.84655 | 0.84755 |
| Change (%) | -0.30% | -0.20% | -0.09% | - | +0.03% | +0.20% | +0.32% |
| Change | -0.00256 | -0.00165 | -0.00079 | - | +0.00029 | +0.00170 | +0.00270 |
| Level | Minor | Major | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.84153 | 0.84237 | 0.84348 | 0.84432 | 0.84543 | 0.84627 | 0.84738 |
| Camarilla | 0.84406 | 0.84424 | 0.84442 | 0.84460 | 0.84478 | 0.84496 | 0.84514 |
| Woodie | 0.84168 | 0.84244 | 0.84363 | 0.84439 | 0.84558 | 0.84634 | 0.84753 |
| Fibonacci | 0.84237 | 0.84311 | 0.84357 | 0.84432 | 0.84506 | 0.84552 | 0.84627 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.83695 | 0.83870 | 0.84165 | 0.84340 | 0.84635 | 0.84810 | 0.85105 |
| Camarilla | 0.84331 | 0.84374 | 0.84417 | 0.84460 | 0.84503 | 0.84546 | 0.84589 |
| Woodie | 0.83755 | 0.83900 | 0.84225 | 0.84370 | 0.84695 | 0.84840 | 0.85165 |
| Fibonacci | 0.83870 | 0.84050 | 0.84161 | 0.84340 | 0.84520 | 0.84631 | 0.84810 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.82467 | 0.83283 | 0.84212 | 0.85028 | 0.85957 | 0.86773 | 0.87702 |
| Camarilla | 0.84660 | 0.84820 | 0.84980 | 0.85140 | 0.85300 | 0.85460 | 0.85620 |
| Woodie | 0.82523 | 0.83311 | 0.84268 | 0.85056 | 0.86013 | 0.86801 | 0.87758 |
| Fibonacci | 0.83283 | 0.83950 | 0.84362 | 0.85028 | 0.85695 | 0.86107 | 0.86773 |
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): | 58.35 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 18.47653 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.84483 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.84460 | |
| Elder Ray (13): | 0.00014 | |
| Super Trend (3,10): | 0.84395 | |
| Zig ZAG (10): | 0.84475 | |
| VORTEX (21): | 1.1024 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 0.84480 | |
| Williams %R (14): | -31.82 | |
| Chande Momentum Oscillator (20): | 0.00010 | |
| Repulse (5,40,3): | 0.0025 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0052 | |
| Courbe Coppock: | 0.03 |
| MA7: | 0.84319 | |
| MA20: | 0.84643 | |
| MA50: | 0.85111 | |
| MA100: | 0.85705 | |
| MAexp7: | 0.84468 | |
| MAexp20: | 0.84446 | |
| MAexp50: | 0.84392 | |
| MAexp100: | 0.84367 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | -0.74% | |
| Price / MA100: | -1.42% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.14% |
Quotes :
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10 min delayed data
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Futures CME Globex