EUR/GBP
EUR GBP
- GBP (-)
- Real time data - Forex
Open: -
Change: -
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High: -
High / Low range: -
Type: Forex
Ticker: EURGBP
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EUR/GBP - 1H - Technical analysis published on 06/17/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.8961 GBP
My targets
0.8997 GBP (+0.0021)
0.9025 GBP (+0.0049)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/GBP as long as the price remains well above 0.8961 GBP. The buyers” bullish objective is set at 0.8997 GBP. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9025 GBP. If there is any crossing, the next objective would be the resistance located at 0.9041 GBP. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1

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

Additional analysis

Quotes

EUR/GBP rating 0.8976 GBP. On the day, this instrument gained +0.26% with the lowest point at 0.8951 GBP and the highest point at 0.8983 GBP. The deviation from the price is +0.28% for the low point and -0.08% for the high point.

0.8951
0.8983
0.8976

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 bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8930 0.8948 0.8961 0.8976 0.8981 0.8997 0.9025
Change (%) -0.51% -0.31% -0.17% - +0.06% +0.23% +0.55%
Change -0.0046 -0.0028 -0.0015 - +0.0005 +0.0021 +0.0049
Level Intermediate Intermediate Intermediate - Intermediate Minor Intermediate



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
Standard0.88470.88800.89160.89490.89850.90180.9054
Camarilla0.89340.89400.89470.89530.89590.89660.8972
Woodie0.88500.88810.89190.89500.89880.90190.9057
Fibonacci0.88800.89060.89220.89490.89750.89910.9018


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.87380.88010.88890.89520.90400.91030.9191
Camarilla0.89360.89490.89630.89770.89910.90050.9019
Woodie0.87510.88070.89020.89580.90530.91090.9204
Fibonacci0.88010.88590.88940.89520.90100.90450.9103


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.84050.85470.87700.89120.91350.92770.9500
Camarilla0.88920.89250.89590.89920.90260.90590.9092
Woodie0.84450.85670.88100.89320.91750.92970.9540
Fibonacci0.85470.86870.87730.89120.90520.91380.9277

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 55.38
MACD (12,26,9): 0.0004
Directional Movement: 1.1927
AROON (14): 92.8571
DEMA (21): 0.8969
Parabolic SAR (0,02-0,02-0,2): 0.8954
Elder Ray (13): 0.0006
Super Trend (3,10): 0.8944
Zig ZAG (10): 0.8976
VORTEX (21): 1.0496
Stochastique (14,3,5): 88.43
TEMA (21): 0.8977
Williams %R (14): -16.67
Chande Momentum Oscillator (20): 0.0015
Repulse (5,40,3): 0.1037
ROCnROLL: 1
TRIX (15,9): 0.0004
Courbe Coppock: 0.63
MA7: 0.8959
MA20: 0.8948
MA50: 0.8845
MA100: 0.8774
MAexp7: 0.8972
MAexp20: 0.8965
MAexp50: 0.8965
MAexp100: 0.8962
Price / MA7: +0.19%
Price / MA20: +0.31%
Price / MA50: +1.48%
Price / MA100: +2.30%
Price / MAexp7: +0.04%
Price / MAexp20: +0.12%
Price / MAexp50: +0.12%
Price / MAexp100: +0.16%

Quotes : 2020-06-17 06:56:51 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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