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EUR/GBP
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 04/06/2020 (GMT)

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

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.8845 GBP
My targets
0.8761 GBP (-0.0028)
0.8596 GBP (-0.0193)
My analysis
The bearish trend is currently very strong for EUR/GBP. As long as the price remains below the resistance at 0.8845 GBP, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.8761 GBP. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8596 GBP as an objective. Crossing it would then enable sellers to target 0.8501 GBP. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.3

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/GBP rating is 0.8789 GBP. On the day, this instrument lost -0.23% with the lowest point at 0.8765 GBP and the highest point at 0.8856 GBP. The deviation from the price is +0.27% for the low point and -0.76% for the high point.

0.8765
0.8856
0.8789

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/GBP:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on EUR/GBP were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of EUR/GBP in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

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 these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8357 0.8501 0.8761 0.8789 0.8867 0.8930 0.9041
Change (%) -4.92% -3.28% -0.32% - +0.89% +1.60% +2.87%
Change -0.0432 -0.0288 -0.0028 - +0.0078 +0.0141 +0.0252
Level Major Major Major - 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
Standard0.86600.87000.87550.87950.88500.88900.8945
Camarilla0.87830.87920.88000.88090.88180.88260.8835
Woodie0.86670.87040.87620.87990.88570.88940.8952
Fibonacci0.87000.87370.87590.87950.88320.88540.8890


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.84540.85960.87030.88450.89520.90940.9201
Camarilla0.87410.87630.87860.88090.88320.88550.8878
Woodie0.84360.85870.86850.88360.89340.90850.9183
Fibonacci0.85960.86920.87500.88450.89410.89990.9094


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.75800.80870.84870.89940.93940.99011.0301
Camarilla0.86380.87210.88040.88870.89700.90530.9136
Woodie0.75270.80600.84340.89670.93410.98741.0248
Fibonacci0.80870.84340.86480.89940.93410.95550.9901

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 43.42
MACD (12,26,9): 0.0001
Directional Movement: -11.7182
AROON (14): -28.5714
DEMA (21): 0.8816
Parabolic SAR (0,02-0,02-0,2): 0.8848
Elder Ray (13): -0.0035
Super Trend (3,10): 0.8843
Zig ZAG (10): 0.8781
VORTEX (21): 0.9355
Stochastique (14,3,5): 6.59
TEMA (21): 0.8811
Williams %R (14): -81.32
Chande Momentum Oscillator (20): -0.0057
Repulse (5,40,3): -0.3058
ROCnROLL: 2
TRIX (15,9): 0.0174
Courbe Coppock: 0.21
MA7: 0.8846
MA20: 0.9011
MA50: 0.8690
MA100: 0.8595
MAexp7: 0.8802
MAexp20: 0.8811
MAexp50: 0.8810
MAexp100: 0.8838
Price / MA7: -0.64%
Price / MA20: -2.46%
Price / MA50: +1.14%
Price / MA100: +2.26%
Price / MAexp7: -0.15%
Price / MAexp20: -0.25%
Price / MAexp50: -0.24%
Price / MAexp100: -0.55%

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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