EUR/GBP - 1H - Technical analysis published on 05/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.8930 GBP
My targets
0.9000 GBP (+0.0048)
0.9041 GBP (+0.0089)
My analysis
EUR/GBP is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.8930 GBP, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.9000 GBP. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.9041 GBP would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.9310 GBP. Beware of a possible return to under the support located at 0.8930 GBP which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
5.5
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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 0.8952 GBP. The price registered an increase of +0.54% on the session and was between 0.8889 GBP and 0.8954 GBP. This implies that the price is at +0.71% from its lowest and at -0.02% from its highest.0.8889
0.8954
0.8952
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EUR/GBP in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
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 indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8879 | 0.8910 | 0.8930 | 0.8952 | 0.8959 | 0.9000 | 0.9041 |
| Change (%) | -0.82% | -0.47% | -0.25% | - | +0.08% | +0.54% | +0.99% |
| Change | -0.0073 | -0.0042 | -0.0022 | - | +0.0007 | +0.0048 | +0.0089 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8812 | 0.8845 | 0.8875 | 0.8908 | 0.8938 | 0.8971 | 0.9001 |
| Camarilla | 0.8887 | 0.8893 | 0.8898 | 0.8904 | 0.8910 | 0.8916 | 0.8921 |
| Woodie | 0.8810 | 0.8844 | 0.8873 | 0.8907 | 0.8936 | 0.8970 | 0.8999 |
| Fibonacci | 0.8845 | 0.8869 | 0.8884 | 0.8908 | 0.8932 | 0.8947 | 0.8971 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8797 | 0.8846 | 0.8903 | 0.8952 | 0.9009 | 0.9058 | 0.9115 |
| Camarilla | 0.8932 | 0.8942 | 0.8951 | 0.8961 | 0.8971 | 0.8980 | 0.8990 |
| Woodie | 0.8802 | 0.8848 | 0.8908 | 0.8954 | 0.9014 | 0.9060 | 0.9120 |
| Fibonacci | 0.8846 | 0.8886 | 0.8911 | 0.8952 | 0.8992 | 0.9017 | 0.9058 |
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 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): | 68.68 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 14.1649 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 0.8922 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8902 | |
| Elder Ray (13): | 0.0029 | |
| Super Trend (3,10): | 0.8898 | |
| Zig ZAG (10): | 0.8951 | |
| VORTEX (21): | 1.1899 | |
| Stochastique (14,3,5): | 87.71 | |
| TEMA (21): | 0.8924 | |
| Williams %R (14): | -12.70 | |
| Chande Momentum Oscillator (20): | 0.0040 | |
| Repulse (5,40,3): | 0.3062 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0041 | |
| Courbe Coppock: | 0.42 |
| MA7: | 0.8943 | |
| MA20: | 0.8849 | |
| MA50: | 0.8855 | |
| MA100: | 0.8706 | |
| MAexp7: | 0.8925 | |
| MAexp20: | 0.8917 | |
| MAexp50: | 0.8919 | |
| MAexp100: | 0.8927 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +1.16% | |
| Price / MA50: | +1.10% | |
| Price / MA100: | +2.83% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.40% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.29% |
Quotes :
2020-05-27 12:04:43
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Real time data
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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:
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This member declared not having a position on this financial instrument or a related financial instrument.
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