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 04/29/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 0.8580 GBP

My targets

0.8536 GBP (-0.0020)

0.8521 GBP (-0.0035)

My analysis

EUR/GBP is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.8580 GBP. The next support located at 0.8536 GBP is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.8521 GBP. Below this support, sellers could then target 0.8510 GBP. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.5

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 0.8556 GBP. On the day, this instrument lost -0.04% and was traded between 0.8554 GBP and 0.8569 GBP over the period. The price is currently at +0.02% from its lowest and -0.15% from its highest.

0.8554

0.8569

0.8556

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EUR/GBP:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EUR/GBP in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

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 horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

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:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8521	0.8536	0.8551	0.8556	0.8580	0.8601	0.8626
Change (%)	-0.41%	-0.23%	-0.06%	-	+0.28%	+0.53%	+0.82%
Change	-0.0035	-0.0020	-0.0005	-	+0.0024	+0.0045	+0.0070
Level	Minor	Intermediate	Major	-	Major	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8509	0.8529	0.8544	0.8564	0.8579	0.8599	0.8614
Camarilla	0.8549	0.8553	0.8556	0.8559	0.8562	0.8565	0.8569
Woodie	0.8507	0.8528	0.8542	0.8563	0.8577	0.8598	0.8612
Fibonacci	0.8529	0.8542	0.8551	0.8564	0.8577	0.8586	0.8599

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8428	0.8488	0.8524	0.8584	0.8620	0.8680	0.8716
Camarilla	0.8533	0.8541	0.8550	0.8559	0.8568	0.8577	0.8585
Woodie	0.8415	0.8482	0.8511	0.8578	0.8607	0.8674	0.8703
Fibonacci	0.8488	0.8525	0.8548	0.8584	0.8621	0.8644	0.8680

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	33.31
MACD (12,26,9):	-0.0005
Directional Movement:	-13.0823
AROON (14):	-35.7142
DEMA (21):	0.8556
Parabolic SAR (0,02-0,02-0,2):	0.8562
Elder Ray (13):	-0.0005
Super Trend (3,10):	0.8573
Zig ZAG (10):	0.8556
VORTEX (21):	0.8562
Stochastique (14,3,5):	25.64
TEMA (21):	0.8554
Williams %R (14):	-73.08
Chande Momentum Oscillator (20):	-0.0009
Repulse (5,40,3):	-0.0499
ROCnROLL:	2
TRIX (15,9):	-0.0079
Courbe Coppock:	0.26

MA7:	0.8587
MA20:	0.8570
MA50:	0.8559
MA100:	0.8573
MAexp7:	0.8557
MAexp20:	0.8562
MAexp50:	0.8571
MAexp100:	0.8578
Price / MA7:	-0.36%
Price / MA20:	-0.16%
Price / MA50:	-0.04%
Price / MA100:	-0.20%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.07%
Price / MAexp50:	-0.18%
Price / MAexp100:	-0.26%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/GBP at the time of the analysis were as follows:

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

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