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 04/21/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 0.8580 GBP

My targets

0.8626 GBP (+0.0012)

0.8691 GBP (+0.0077)

My analysis

The bullish trend is currently very strong on EUR/GBP. As long as the price remains above the support at 0.8580 GBP, you could try to benefit from the boom. The first bullish objective is located at 0.8626 GBP. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8691 GBP as an objective. Crossing it would then enable buyers to target 0.8749 GBP. 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.

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

8.6

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

Additional analysis

Quotes

The EUR/GBP rating is 0.8614 GBP. On the day, this instrument gained +0.01% with the lowest point at 0.8597 GBP and the highest point at 0.8618 GBP. The deviation from the price is +0.20% for the low point and -0.05% for the high point.

0.8597

0.8618

0.8614

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/GBP chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8553	0.8573	0.8580	0.8614	0.8626	0.8691	0.8749
Change (%)	-0.71%	-0.48%	-0.39%	-	+0.14%	+0.89%	+1.57%
Change	-0.0061	-0.0041	-0.0034	-	+0.0012	+0.0077	+0.0135
Level	Minor	Intermediate	Intermediate	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8511	0.8532	0.8573	0.8594	0.8635	0.8656	0.8697
Camarilla	0.8596	0.8602	0.8607	0.8613	0.8619	0.8624	0.8630
Woodie	0.8520	0.8537	0.8582	0.8599	0.8644	0.8661	0.8706
Fibonacci	0.8532	0.8556	0.8571	0.8594	0.8618	0.8633	0.8656

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8456	0.8488	0.8551	0.8583	0.8646	0.8678	0.8741
Camarilla	0.8587	0.8596	0.8604	0.8613	0.8622	0.8630	0.8639
Woodie	0.8471	0.8496	0.8566	0.8591	0.8661	0.8686	0.8756
Fibonacci	0.8488	0.8525	0.8547	0.8583	0.8620	0.8642	0.8678

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8395	0.8449	0.8495	0.8549	0.8595	0.8649	0.8695
Camarilla	0.8514	0.8523	0.8532	0.8541	0.8550	0.8559	0.8569
Woodie	0.8391	0.8447	0.8491	0.8547	0.8591	0.8647	0.8691
Fibonacci	0.8449	0.8487	0.8511	0.8549	0.8587	0.8611	0.8649

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):	79.75
MACD (12,26,9):	0.0014
Directional Movement:	19.3111
AROON (14):	92.8571
DEMA (21):	0.8608
Parabolic SAR (0,02-0,02-0,2):	0.8595
Elder Ray (13):	0.0016
Super Trend (3,10):	0.8587
Zig ZAG (10):	0.8616
VORTEX (21):	1.2552
Stochastique (14,3,5):	92.44
TEMA (21):	0.8617
Williams %R (14):	-3.33
Chande Momentum Oscillator (20):	0.0054
Repulse (5,40,3):	0.1661
ROCnROLL:	1
TRIX (15,9):	0.0180
Courbe Coppock:	1.13

MA7:	0.8569
MA20:	0.8566
MA50:	0.8556
MA100:	0.8573
MAexp7:	0.8608
MAexp20:	0.8591
MAexp50:	0.8574
MAexp100:	0.8565
Price / MA7:	+0.53%
Price / MA20:	+0.56%
Price / MA50:	+0.68%
Price / MA100:	+0.48%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.27%
Price / MAexp50:	+0.47%
Price / MAexp100:	+0.57%

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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