Londinia Opportunities Analyses - 11/26/2024 (GMT) EUR/GBP - 1H

- GBP (-)

- Real time data - Forex

Type:	Forex
Ticker:	EURGBP
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 0.8347 GBP

My targets

0.8373 GBP (+0.0017)

0.8396 GBP (+0.0040)

My analysis

The basic bullish trend is very strong on EUR/GBP but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.8347 GBP. Crossing the first resistance at 0.8373 GBP would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.8396 GBP as an objective. Crossing it would then enable buyers to target 0.8440 GBP. Caution, a return to below 0.8347 GBP would be a sign of a consolidation phase in the short-term basic trend. 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 bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

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Additional analysis

Quotes

The EUR/GBP rating is 0.8356 GBP. The price has increased by +0.26% since the last closing and was between 0.8330 GBP and 0.8364 GBP. This implies that the price is at +0.31% from its lowest and at -0.10% from its highest.

0.8330

0.8364

0.8356

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

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 in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being 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, 14 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8324	0.8337	0.8347	0.8356	0.8362	0.8373	0.8396
Change (%)	-0.38%	-0.23%	-0.11%	-	+0.07%	+0.20%	+0.48%
Change	-0.0032	-0.0019	-0.0009	-	+0.0006	+0.0017	+0.0040
Level	Minor	Minor	Intermediate	-	Minor	Minor	Minor

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	0.8255	0.8282	0.8308	0.8335	0.8361	0.8388	0.8414
Camarilla	0.8319	0.8324	0.8329	0.8334	0.8339	0.8344	0.8349
Woodie	0.8255	0.8282	0.8308	0.8335	0.8361	0.8388	0.8414
Fibonacci	0.8282	0.8302	0.8315	0.8335	0.8355	0.8368	0.8388

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8154	0.8211	0.8262	0.8319	0.8370	0.8427	0.8478
Camarilla	0.8283	0.8293	0.8303	0.8313	0.8323	0.8333	0.8343
Woodie	0.8151	0.8210	0.8259	0.8318	0.8367	0.8426	0.8475
Fibonacci	0.8211	0.8252	0.8278	0.8319	0.8360	0.8386	0.8427

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8187	0.8241	0.8340	0.8394	0.8493	0.8547	0.8646
Camarilla	0.8397	0.8411	0.8425	0.8439	0.8453	0.8467	0.8481
Woodie	0.8210	0.8252	0.8363	0.8405	0.8516	0.8558	0.8669
Fibonacci	0.8241	0.8299	0.8336	0.8394	0.8452	0.8489	0.8547

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	58.33
MACD (12,26,9):	0.0005
Directional Movement:	10.6940
AROON (14):	64.2857
DEMA (21):	0.8356
Parabolic SAR (0,02-0,02-0,2):	0.8335
Elder Ray (13):	0.0003
Super Trend (3,10):	0.8333
Zig ZAG (10):	0.8354
VORTEX (21):	1.0326
Stochastique (14,3,5):	74.51
TEMA (21):	0.8356
Williams %R (14):	-29.41
Chande Momentum Oscillator (20):	0.0020
Repulse (5,40,3):	-0.0001
ROCnROLL:	1
TRIX (15,9):	0.0091
Courbe Coppock:	0.10

MA7:	0.8338
MA20:	0.8343
MA50:	0.8348
MA100:	0.8406
MAexp7:	0.8353
MAexp20:	0.8349
MAexp50:	0.8340
MAexp100:	0.8336
Price / MA7:	+0.22%
Price / MA20:	+0.16%
Price / MA50:	+0.10%
Price / MA100:	-0.59%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.19%
Price / MAexp100:	+0.24%

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: