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 05/10/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bullish

Technical indicators

17%

39%

44%

My opinion

Neutral between 0.8590 GBP and 0.8627 GBP

My targets

My analysis

The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 0.8590 GBP. The first resistance is located at 0.8627 GBP. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by EUR/GBP.

Technical indicators are bearish in the very shrot term 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

EUR/GBP rating 0.8604 GBP. The price registered a decrease of -0.05% on the session with the lowest point at 0.8594 GBP and the highest point at 0.8611 GBP. The deviation from the price is +0.12% for the low point and -0.08% for the high point.

0.8594

0.8611

0.8604

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 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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of EUR/GBP indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8562	0.8590	0.8601	0.8604	0.8627	0.8659	0.8691
Change (%)	-0.49%	-0.16%	-0.03%	-	+0.27%	+0.64%	+1.01%
Change	-0.0042	-0.0014	-0.0003	-	+0.0023	+0.0055	+0.0087
Level	Major	Intermediate	Intermediate	-	Major	Minor	Intermediate

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	0.8561	0.8575	0.8592	0.8606	0.8623	0.8637	0.8654
Camarilla	0.8600	0.8602	0.8605	0.8608	0.8611	0.8614	0.8617
Woodie	0.8562	0.8576	0.8593	0.8607	0.8624	0.8638	0.8655
Fibonacci	0.8575	0.8587	0.8595	0.8606	0.8618	0.8626	0.8637

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8486	0.8508	0.8543	0.8565	0.8600	0.8622	0.8657
Camarilla	0.8562	0.8568	0.8573	0.8578	0.8583	0.8589	0.8594
Woodie	0.8493	0.8511	0.8550	0.8568	0.8607	0.8625	0.8664
Fibonacci	0.8508	0.8530	0.8543	0.8565	0.8587	0.8600	0.8622

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):	47.92
MACD (12,26,9):	0.0000
Directional Movement:	-4.2412
AROON (14):	-64.2857
DEMA (21):	0.8606
Parabolic SAR (0,02-0,02-0,2):	0.8619
Elder Ray (13):	-0.0001
Super Trend (3,10):	0.8595
Zig ZAG (10):	0.8604
VORTEX (21):	1.0424
Stochastique (14,3,5):	44.44
TEMA (21):	0.8604
Williams %R (14):	-52.38
Chande Momentum Oscillator (20):	-0.0005
Repulse (5,40,3):	-0.0159
ROCnROLL:	-1
TRIX (15,9):	0.0013
Courbe Coppock:	0.14

MA7:	0.8589
MA20:	0.8575
MA50:	0.8563
MA100:	0.8570
MAexp7:	0.8604
MAexp20:	0.8606
MAexp50:	0.8603
MAexp100:	0.8595
Price / MA7:	+0.17%
Price / MA20:	+0.34%
Price / MA50:	+0.48%
Price / MA100:	+0.40%
Price / MAexp7:	-0%
Price / MAexp20:	-0.02%
Price / MAexp50:	+0.01%
Price / MAexp100:	+0.10%

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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