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: Bearish

Underlying: Strongly bearish

Technical indicators

28%

33%

39%

My opinion

Bearish under 0.8609 GBP

My targets

0.8578 GBP (-0.0015)

0.8562 GBP (-0.0031)

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 next bearish objective for sellers 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. If there is any crossing, the next objective would be the support located at 0.8546 GBP. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.2

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 price is 0.8593 GBP. The price registered an increase of +0.01% on the session with the lowest point at 0.8588 GBP and the highest point at 0.8596 GBP. The deviation from the price is +0.06% for the low point and -0.03% for the high point.

0.8588

0.8596

0.8593

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

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

A technical analysis in 1H of this EUR/GBP chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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 support of channel

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

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	0.8593	0.8596	0.8609	0.8621
Change (%)	-0.36%	-0.17%	-0.03%	-	+0.03%	+0.19%	+0.33%
Change	-0.0031	-0.0015	-0.0003	-	+0.0003	+0.0016	+0.0028
Level	Intermediate	Minor	Intermediate	-	Intermediate	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

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):	38.70
MACD (12,26,9):	-0.0003
Directional Movement:	-9.5486
AROON (14):	-42.8571
DEMA (21):	0.8590
Parabolic SAR (0,02-0,02-0,2):	0.8595
Elder Ray (13):	-0.0002
Super Trend (3,10):	0.8602
Zig ZAG (10):	0.8591
VORTEX (21):	0.8557
Stochastique (14,3,5):	25.32
TEMA (21):	0.8589
Williams %R (14):	-62.50
Chande Momentum Oscillator (20):	0.0000
Repulse (5,40,3):	0.0369
ROCnROLL:	2
TRIX (15,9):	-0.0045
Courbe Coppock:	0.16

MA7:	0.8595
MA20:	0.8580
MA50:	0.8565
MA100:	0.8569
MAexp7:	0.8591
MAexp20:	0.8593
MAexp50:	0.8597
MAexp100:	0.8596
Price / MA7:	-0.02%
Price / MA20:	+0.15%
Price / MA50:	+0.33%
Price / MA100:	+0.28%
Price / MAexp7:	+0.02%
Price / MAexp20:	-0%
Price / MAexp50:	-0.05%
Price / MAexp100:	-0.03%

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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