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 05/14/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 0.8609 GBP

My targets

0.8578 GBP (-0.0013)

0.8562 GBP (-0.0029)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/GBP as long as the price remains well below 0.8609 GBP. The sellers' bearish objective is set at 0.8578 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8562 GBP. In case of crossing, the next objective would be the support located at 0.8546 GBP. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

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 0.8591 GBP. On the day, this instrument lost -0.01% and was traded between 0.8590 GBP and 0.8593 GBP over the period. The price is currently at +0.01% from its lowest and -0.02% from its highest.

0.8590

0.8593

0.8591

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8562	0.8578	0.8590	0.8591	0.8596	0.8609	0.8621
Change (%)	-0.34%	-0.15%	-0.01%	-	+0.06%	+0.21%	+0.35%
Change	-0.0029	-0.0013	-0.0001	-	+0.0005	+0.0018	+0.0030
Level	Intermediate	Minor	Intermediate	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8561	0.8575	0.8583	0.8597	0.8605	0.8619	0.8627
Camarilla	0.8586	0.8588	0.8590	0.8592	0.8594	0.8596	0.8598
Woodie	0.8559	0.8574	0.8581	0.8596	0.8603	0.8618	0.8625
Fibonacci	0.8575	0.8583	0.8588	0.8597	0.8605	0.8610	0.8619

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8498	0.8527	0.8563	0.8592	0.8628	0.8657	0.8693
Camarilla	0.8581	0.8587	0.8593	0.8599	0.8605	0.8611	0.8617
Woodie	0.8502	0.8529	0.8567	0.8594	0.8632	0.8659	0.8697
Fibonacci	0.8527	0.8552	0.8567	0.8592	0.8617	0.8632	0.8657

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):	37.03
MACD (12,26,9):	-0.0003
Directional Movement:	-10.1603
AROON (14):	-64.2857
DEMA (21):	0.8591
Parabolic SAR (0,02-0,02-0,2):	0.8598
Elder Ray (13):	-0.0002
Super Trend (3,10):	0.8604
Zig ZAG (10):	0.8591
VORTEX (21):	0.9266
Stochastique (14,3,5):	18.11
TEMA (21):	0.8590
Williams %R (14):	-82.35
Chande Momentum Oscillator (20):	-0.0008
Repulse (5,40,3):	-0.0168
ROCnROLL:	2
TRIX (15,9):	-0.0041
Courbe Coppock:	0.24

MA7:	0.8595
MA20:	0.8580
MA50:	0.8565
MA100:	0.8569
MAexp7:	0.8592
MAexp20:	0.8595
MAexp50:	0.8598
MAexp100:	0.8596
Price / MA7:	-0.05%
Price / MA20:	+0.13%
Price / MA50:	+0.30%
Price / MA100:	+0.26%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.05%
Price / MAexp50:	-0.08%
Price / MAexp100:	-0.06%

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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