EUR/GBP - 1H - Technical analysis published on 05/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Neutral between 0.8721 GBP and 0.8761 GBP
My targets
-
My analysis
The short-term increase on EUR/GBP remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 0.8761 GBP. The first support is located at 0.8721 GBP. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/GBP rating 0.8743 GBP. The price is lower by +0.08% since the last closing with the lowest point at 0.8720 GBP and the highest point at 0.8744 GBP. The deviation from the price is +0.26% for the low point and -0.01% for the high point.0.8720
0.8744
0.8743
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this EUR/GBP chart shows a slightly bearish trend. 50% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8709 | 0.8721 | 0.8743 | 0.8743 | 0.8761 | 0.8790 | 0.8815 |
| Change (%) | -0.39% | -0.25% | 0% | - | +0.21% | +0.54% | +0.82% |
| Change | -0.0034 | -0.0022 | 0 | - | +0.0018 | +0.0047 | +0.0072 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | 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 | 0.8658 | 0.8685 | 0.8711 | 0.8738 | 0.8764 | 0.8791 | 0.8817 |
| Camarilla | 0.8721 | 0.8726 | 0.8731 | 0.8736 | 0.8741 | 0.8746 | 0.8751 |
| Woodie | 0.8657 | 0.8685 | 0.8710 | 0.8738 | 0.8763 | 0.8791 | 0.8816 |
| Fibonacci | 0.8685 | 0.8706 | 0.8718 | 0.8738 | 0.8759 | 0.8771 | 0.8791 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8554 | 0.8622 | 0.8679 | 0.8747 | 0.8804 | 0.8872 | 0.8929 |
| Camarilla | 0.8702 | 0.8713 | 0.8725 | 0.8736 | 0.8748 | 0.8759 | 0.8770 |
| Woodie | 0.8549 | 0.8619 | 0.8674 | 0.8744 | 0.8799 | 0.8869 | 0.8924 |
| Fibonacci | 0.8622 | 0.8670 | 0.8699 | 0.8747 | 0.8795 | 0.8824 | 0.8872 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8367 | 0.8518 | 0.8609 | 0.8760 | 0.8851 | 0.9002 | 0.9093 |
| Camarilla | 0.8633 | 0.8655 | 0.8677 | 0.8699 | 0.8721 | 0.8743 | 0.8766 |
| Woodie | 0.8336 | 0.8503 | 0.8578 | 0.8745 | 0.8820 | 0.8987 | 0.9062 |
| Fibonacci | 0.8518 | 0.8611 | 0.8668 | 0.8760 | 0.8853 | 0.8910 | 0.9002 |
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): | 51.73 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -9.6440 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 0.8728 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8714 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 0.8721 | |
| Zig ZAG (10): | 0.8737 | |
| VORTEX (21): | 0.9020 | |
| Stochastique (14,3,5): | 66.75 | |
| TEMA (21): | 0.8728 | |
| Williams %R (14): | -4.76 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | 0.1701 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0084 | |
| Courbe Coppock: | 0.14 |
| MA7: | 0.8749 | |
| MA20: | 0.8735 | |
| MA50: | 0.8844 | |
| MA100: | 0.8658 | |
| MAexp7: | 0.8732 | |
| MAexp20: | 0.8734 | |
| MAexp50: | 0.8739 | |
| MAexp100: | 0.8741 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | -1.14% | |
| Price / MA100: | +0.98% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.02% |
News
The latest news and videos published on EUR/GBP at the time of the analysis were as follows:
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GBP/USD, EUR/GBP and GBP/CAD Outlooks - UK Webinar
-
Weekly Technical Analysis: 17/03/2020 - USDJPY, EURGBP, GBPJPY
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Weekly Technical Analysis: 04/03/2020 - US500 index (cash), EURUSD, EURGBP
-
Will EUR/GBP target 0.8200? – 13th February 2020
-
UK Weekly Webinar: GBP/USD, EUR/GBP and FTSE Eye BoE Decision
This member declared not having a position on this financial instrument or a related financial instrument.
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