EUR/GBP

- GBP (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 05/03/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

50%

44%

My opinion

Neutral between 0.8536 GBP and 0.8562 GBP

My targets

My analysis

A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 0.8536 GBP. The first resistance is located at 0.8562 GBP. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.

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 0.8552 GBP. The price registered a decrease of -0.06% on the session and was between 0.8551 GBP and 0.8559 GBP. This implies that the price is at +0.01% from its lowest and at -0.08% from its highest.

0.8551

0.8559

0.8552

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

The Central Records scanner for higher/lower results shows the following items:

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 this 1H chart of EUR/GBP indicates that the overall trend is slightly bearish. 50.00% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bearish 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 support

Type : Bullish

Timeframe : 1 hour

Near support of triangle

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	0.8511	0.8536	0.8546	0.8552	0.8562	0.8592	0.8627
Change (%)	-0.48%	-0.19%	-0.07%	-	+0.12%	+0.47%	+0.88%
Change	-0.0041	-0.0016	-0.0006	-	+0.0010	+0.0040	+0.0075
Level	Major	Intermediate	Intermediate	-	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	0.8528	0.8537	0.8547	0.8556	0.8566	0.8575	0.8585
Camarilla	0.8552	0.8554	0.8555	0.8557	0.8559	0.8561	0.8562
Woodie	0.8529	0.8537	0.8548	0.8556	0.8567	0.8575	0.8586
Fibonacci	0.8537	0.8544	0.8549	0.8556	0.8563	0.8568	0.8575

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 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):	46.14
MACD (12,26,9):	0.0001
Directional Movement:	3.7064
AROON (14):	21.4286
DEMA (21):	0.8556
Parabolic SAR (0,02-0,02-0,2):	0.8565
Elder Ray (13):	-0.0003
Super Trend (3,10):	0.8539
Zig ZAG (10):	0.8551
VORTEX (21):	1.0274
Stochastique (14,3,5):	33.33
TEMA (21):	0.8555
Williams %R (14):	-72.22
Chande Momentum Oscillator (20):	-0.0009
Repulse (5,40,3):	-0.0565
ROCnROLL:	-1
TRIX (15,9):	0.0032
Courbe Coppock:	0.03

MA7:	0.8552
MA20:	0.8565
MA50:	0.8559
MA100:	0.8571
MAexp7:	0.8554
MAexp20:	0.8555
MAexp50:	0.8552
MAexp100:	0.8554
Price / MA7:	-0%
Price / MA20:	-0.15%
Price / MA50:	-0.08%
Price / MA100:	-0.22%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.04%
Price / MAexp50:	-0%
Price / MAexp100:	-0.02%

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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