EUR/GBP

- GBP (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 05/14/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

28%

22%

50%

My opinion

Neutral between 0.8578 GBP and 0.8609 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 0.8578 GBP. The first resistance is located at 0.8609 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 neutral and are not able to influence the opinion of this analysis.

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 0.8596 GBP. The price has increased by +0.05% since the last closing and was traded between 0.8587 GBP and 0.8615 GBP over the period. The price is currently at +0.10% from its lowest and -0.22% from its highest.

0.8587

0.8615

0.8596

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/GBP chart shows a slightly bearish trend. 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. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

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 resistance of channel

Type : Bearish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8578	0.8590	0.8596	0.8596	0.8609	0.8621	0.8627
Change (%)	-0.21%	-0.07%	0%	-	+0.15%	+0.29%	+0.36%
Change	-0.0018	-0.0006	0	-	+0.0013	+0.0025	+0.0031
Level	Minor	Intermediate	Intermediate	-	Intermediate	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	0.8583	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):	50.24
MACD (12,26,9):	0.0000
Directional Movement:	8.4316
AROON (14):	14.2857
DEMA (21):	0.8597
Parabolic SAR (0,02-0,02-0,2):	0.8614
Elder Ray (13):	0
Super Trend (3,10):	0.8586
Zig ZAG (10):	0.8597
VORTEX (21):	1.0370
Stochastique (14,3,5):	29.76
TEMA (21):	0.8598
Williams %R (14):	-64.29
Chande Momentum Oscillator (20):	0.0005
Repulse (5,40,3):	-0.0236
ROCnROLL:	2
TRIX (15,9):	0.0003
Courbe Coppock:	0.17

MA7:	0.8596
MA20:	0.8580
MA50:	0.8565
MA100:	0.8569
MAexp7:	0.8597
MAexp20:	0.8597
MAexp50:	0.8598
MAexp100:	0.8596
Price / MA7:	-0%
Price / MA20:	+0.19%
Price / MA50:	+0.36%
Price / MA100:	+0.32%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.01%
Price / MAexp50:	-0.02%
Price / MAexp100:	-0%

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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