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EUR/GBP
EUR GBP
- GBP (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 04/16/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 0.8553 GBP
My targets
0.8528 GBP (-0.0010)
0.8510 GBP (-0.0028)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.8553 GBP remains possible. It is advisable to trade EUR/GBP with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.8553 GBP. The next bearish objective for sellers is set at 0.8528 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8510 GBP. In case of crossing, the next objective would be the support located at 0.8364 GBP. PS: if there is a bullish break in the resistance located at 0.8553 GBP we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.5

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.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/GBP price is 0.8538 GBP. On the day, this instrument gained +0.02% with the lowest point at 0.8528 GBP and the highest point at 0.8545 GBP. The deviation from the price is +0.12% for the low point and -0.08% for the high point.

0.8528
0.8545
0.8538

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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


A technical analysis in 1H of this EUR/GBP chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8364 0.8510 0.8528 0.8538 0.8541 0.8553 0.8561
Change (%) -2.04% -0.33% -0.12% - +0.04% +0.18% +0.27%
Change -0.0174 -0.0028 -0.0010 - +0.0003 +0.0015 +0.0023
Level Minor Major Intermediate - Minor Intermediate 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
Standard0.84980.85130.85240.85390.85500.85650.8576
Camarilla0.85290.85310.85340.85360.85380.85410.8543
Woodie0.84970.85120.85230.85380.85490.85640.8575
Fibonacci0.85130.85230.85290.85390.85490.85550.8565


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.84610.84940.85210.85540.85810.86140.8641
Camarilla0.85310.85360.85420.85470.85530.85580.8564
Woodie0.84570.84930.85170.85530.85770.86130.8637
Fibonacci0.84940.85170.85310.85540.85770.85910.8614


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.83950.84490.84950.85490.85950.86490.8695
Camarilla0.85140.85230.85320.85410.85500.85590.8569
Woodie0.83910.84470.84910.85470.85910.86470.8691
Fibonacci0.84490.84870.85110.85490.85870.86110.8649

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): 50.13
MACD (12,26,9): -0.0001
Directional Movement: 2.3251
AROON (14): -14.2857
DEMA (21): 0.8536
Parabolic SAR (0,02-0,02-0,2): 0.8543
Elder Ray (13): 0.0001
Super Trend (3,10): 0.8551
Zig ZAG (10): 0.8538
VORTEX (21): 1.0690
Stochastique (14,3,5): 52.94
TEMA (21): 0.8537
Williams %R (14): -35.29
Chande Momentum Oscillator (20): 0.0002
Repulse (5,40,3): -0.0173
ROCnROLL: -1
TRIX (15,9): -0.0020
Courbe Coppock: 0.00
MA7: 0.8554
MA20: 0.8561
MA50: 0.8551
MA100: 0.8575
MAexp7: 0.8537
MAexp20: 0.8537
MAexp50: 0.8540
MAexp100: 0.8546
Price / MA7: -0.19%
Price / MA20: -0.27%
Price / MA50: -0.15%
Price / MA100: -0.43%
Price / MAexp7: +0.01%
Price / MAexp20: +0.01%
Price / MAexp50: -0.02%
Price / MAexp100: -0.09%

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:

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

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Londinia
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