EUR/GBP - 1H - Technical analysis published on 06/17/2020 (GMT)
- Who voted?
- 208
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
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:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 0.8847 | 0.8880 | 0.8916 | 0.8949 | 0.8985 | 0.9018 | 0.9054 |
Camarilla | 0.8934 | 0.8940 | 0.8947 | 0.8953 | 0.8959 | 0.8966 | 0.8972 |
Woodie | 0.8850 | 0.8881 | 0.8919 | 0.8950 | 0.8988 | 0.9019 | 0.9057 |
Fibonacci | 0.8880 | 0.8906 | 0.8922 | 0.8949 | 0.8975 | 0.8991 | 0.9018 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.8738 | 0.8801 | 0.8889 | 0.8952 | 0.9040 | 0.9103 | 0.9191 |
Camarilla | 0.8936 | 0.8949 | 0.8963 | 0.8977 | 0.8991 | 0.9005 | 0.9019 |
Woodie | 0.8751 | 0.8807 | 0.8902 | 0.8958 | 0.9053 | 0.9109 | 0.9204 |
Fibonacci | 0.8801 | 0.8859 | 0.8894 | 0.8952 | 0.9010 | 0.9045 | 0.9103 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.8405 | 0.8547 | 0.8770 | 0.8912 | 0.9135 | 0.9277 | 0.9500 |
Camarilla | 0.8892 | 0.8925 | 0.8959 | 0.8992 | 0.9026 | 0.9059 | 0.9092 |
Woodie | 0.8445 | 0.8567 | 0.8810 | 0.8932 | 0.9175 | 0.9297 | 0.9540 |
Fibonacci | 0.8547 | 0.8687 | 0.8773 | 0.8912 | 0.9052 | 0.9138 | 0.9277 |
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
News
The latest news and videos published on EUR/GBP at the time of the analysis were as follows:
- GBP/USD, EUR/GBP and FTSE Outlook - UK Market Webinar
- GBP/USD, EUR/GBP and FTSE Outlooks - UK Market Webinar
- The Week Ahead: Coronomics, USD, EUR, GBP. All Economic Data For A Week.
- GBP/USD, EUR/GBP, Brexit and COVID-19 - UK Webinar
- GBP/USD, EUR/GBP and GBP/CAD Outlooks - UK Webinar
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/GBP - 1H