EUR/GBP - 1H - Technical analysis published on 07/30/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.9053 GBP
My targets
0.9000 GBP (-0.0037)
0.8890 GBP (-0.0147)
My analysis
The bearish trend is currently very strong for EUR/GBP. As long as the price remains below the resistance at 0.9053 GBP, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9000 GBP. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8890 GBP as an objective. Crossing it would then enable sellers to target 0.8770 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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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
The EUR/GBP price is 0.9037 GBP. On the day, this instrument lost -0.44% with the lowest point at 0.9036 GBP and the highest point at 0.9079 GBP. The deviation from the price is +0.01% for the low point and -0.46% for the high point.0.9036
0.9079
0.9037
Here is a more detailed summary of the historical variations registered by EUR/GBP:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/GBP in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8501 | 0.8770 | 0.9000 | 0.9037 | 0.9041 | 0.9053 | 0.9065 |
| Change (%) | -5.93% | -2.95% | -0.41% | - | +0.04% | +0.18% | +0.31% |
| Change | -0.0536 | -0.0267 | -0.0037 | - | +0.0004 | +0.0016 | +0.0028 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Minor |
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 | 0.8992 | 0.9014 | 0.9045 | 0.9067 | 0.9098 | 0.9120 | 0.9151 |
| Camarilla | 0.9062 | 0.9067 | 0.9072 | 0.9077 | 0.9082 | 0.9087 | 0.9092 |
| Woodie | 0.8998 | 0.9016 | 0.9051 | 0.9069 | 0.9104 | 0.9122 | 0.9157 |
| Fibonacci | 0.9014 | 0.9034 | 0.9046 | 0.9067 | 0.9087 | 0.9099 | 0.9120 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8890 | 0.8945 | 0.9028 | 0.9083 | 0.9166 | 0.9221 | 0.9304 |
| Camarilla | 0.9073 | 0.9086 | 0.9098 | 0.9111 | 0.9124 | 0.9136 | 0.9149 |
| Woodie | 0.8904 | 0.8952 | 0.9042 | 0.9090 | 0.9180 | 0.9228 | 0.9318 |
| Fibonacci | 0.8945 | 0.8998 | 0.9030 | 0.9083 | 0.9136 | 0.9168 | 0.9221 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8583 | 0.8723 | 0.8896 | 0.9036 | 0.9209 | 0.9349 | 0.9522 |
| Camarilla | 0.8982 | 0.9011 | 0.9039 | 0.9068 | 0.9097 | 0.9125 | 0.9154 |
| Woodie | 0.8599 | 0.8731 | 0.8912 | 0.9044 | 0.9225 | 0.9357 | 0.9538 |
| Fibonacci | 0.8723 | 0.8843 | 0.8917 | 0.9036 | 0.9156 | 0.9230 | 0.9349 |
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): | 32.13 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -16.2432 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 0.9054 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9082 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 0.9074 | |
| Zig ZAG (10): | 0.9038 | |
| VORTEX (21): | 0.9583 | |
| Stochastique (14,3,5): | 7.03 | |
| TEMA (21): | 0.9052 | |
| Williams %R (14): | -90.70 | |
| Chande Momentum Oscillator (20): | -0.0036 | |
| Repulse (5,40,3): | -0.2160 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0046 | |
| Courbe Coppock: | 0.40 |
| MA7: | 0.9089 | |
| MA20: | 0.9051 | |
| MA50: | 0.9011 | |
| MA100: | 0.8942 | |
| MAexp7: | 0.9053 | |
| MAexp20: | 0.9062 | |
| MAexp50: | 0.9073 | |
| MAexp100: | 0.9082 | |
| Price / MA7: | -0.57% | |
| Price / MA20: | -0.15% | |
| Price / MA50: | +0.29% | |
| Price / MA100: | +1.06% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | -0.51% |
Quotes :
2020-07-30 10:41:42
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Real time data
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Forex
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/NZD Weekly Outlooks - Webinar
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Will EUR/GBP continue to push higher? – 23rd July 2020
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GBP/USD, EUR/GBP and FTSE Outlook - UK Market Webinar
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GBP/USD, EUR/GBP and FTSE Outlooks - UK Market Webinar
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The Week Ahead: Coronomics, USD, EUR, GBP. All Economic Data For A Week.
This member declared not having a position on this financial instrument or a related financial instrument.
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