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 05/02/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

39%

56%

My opinion

Bullish above 0.8546 GBP

My targets

0.8592 GBP (+0.0036)

0.8627 GBP (+0.0071)

My analysis

EUR/GBP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.8546 GBP. The next resistance located at 0.8592 GBP is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.8627 GBP. After this resistance, buyers could then target 0.8645 GBP.

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

Force

5.7

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

EUR/GBP rating 0.8556 GBP. The price registered an increase of +0.08% on the session and was between 0.8546 GBP and 0.8565 GBP. This implies that the price is at +0.12% from its lowest and at -0.11% from its highest.

0.8546

0.8565

0.8556

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 an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This 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.

An assessment of technical indicators shows a slightly bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

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	0.8511	0.8536	0.8546	0.8556	0.8562	0.8592	0.8627
Change (%)	-0.53%	-0.23%	-0.12%	-	+0.07%	+0.42%	+0.83%
Change	-0.0045	-0.0020	-0.0010	-	+0.0006	+0.0036	+0.0071
Level	Major	Intermediate	Minor	-	Major	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8514	0.8525	0.8537	0.8548	0.8560	0.8571	0.8583
Camarilla	0.8543	0.8545	0.8547	0.8549	0.8551	0.8553	0.8555
Woodie	0.8515	0.8525	0.8538	0.8548	0.8561	0.8571	0.8584
Fibonacci	0.8525	0.8534	0.8539	0.8548	0.8557	0.8562	0.8571

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	0.8368	0.8445	0.8492	0.8569	0.8616	0.8693	0.8740
Camarilla	0.8506	0.8517	0.8529	0.8540	0.8551	0.8563	0.8574
Woodie	0.8354	0.8438	0.8478	0.8562	0.8602	0.8686	0.8726
Fibonacci	0.8445	0.8492	0.8521	0.8569	0.8616	0.8645	0.8693

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):	53.01
MACD (12,26,9):	0.0002
Directional Movement:	9.5553
AROON (14):	42.8571
DEMA (21):	0.8558
Parabolic SAR (0,02-0,02-0,2):	0.8551
Elder Ray (13):	0.0001
Super Trend (3,10):	0.8539
Zig ZAG (10):	0.8557
VORTEX (21):	1.0411
Stochastique (14,3,5):	54.39
TEMA (21):	0.8558
Williams %R (14):	-42.11
Chande Momentum Oscillator (20):	0.0001
Repulse (5,40,3):	-0.0436
ROCnROLL:	-1
TRIX (15,9):	0.0041
Courbe Coppock:	0.13

MA7:	0.8557
MA20:	0.8566
MA50:	0.8558
MA100:	0.8572
MAexp7:	0.8557
MAexp20:	0.8555
MAexp50:	0.8552
MAexp100:	0.8554
Price / MA7:	-0.01%
Price / MA20:	-0.12%
Price / MA50:	-0.02%
Price / MA100:	-0.19%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.01%
Price / MAexp50:	+0.05%
Price / MAexp100:	+0.02%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on EUR/GBP. At the time of publication of this analysis, the latest news was as follows:

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

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