EUR/GBP - 15 min. - Technical analysis published on 08/04/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.8996 GBP
My targets
0.9029 GBP (+0.0004)
0.9044 GBP (+0.0019)
My analysis
EUR/GBP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.8996 GBP. The next resistance located at 0.9029 GBP is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.9044 GBP. After this resistance, buyers could then target 0.9063 GBP. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.4
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This analysis was given by Ahmed93. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/GBP rating is 0.9025 GBP. The price has increased by +0.37% since the last closing and was traded between 0.8991 GBP and 0.9034 GBP over the period. The price is currently at +0.38% from its lowest and -0.10% from its highest.0.8991
0.9034
0.9025
Here is a more detailed summary of the historical variations registered by EUR/GBP:
Technical
Technical analysis of EUR/GBP in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of triangle is broken
Type : Bullish
Timeframe : 15 minutes
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 | 0.8930 | 0.8982 | 0.9015 | 0.9025 | 0.9041 | 0.9063 | 0.9087 |
| Change (%) | -1.05% | -0.48% | -0.11% | - | +0.18% | +0.42% | +0.69% |
| Change | -0.0095 | -0.0043 | -0.0010 | - | +0.0016 | +0.0038 | +0.0062 |
| Level | Intermediate | 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 | 0.8945 | 0.8963 | 0.8978 | 0.8996 | 0.9011 | 0.9029 | 0.9044 |
| Camarilla | 0.8983 | 0.8986 | 0.8989 | 0.8992 | 0.8995 | 0.8998 | 0.9001 |
| Woodie | 0.8943 | 0.8962 | 0.8976 | 0.8995 | 0.9009 | 0.9028 | 0.9042 |
| Fibonacci | 0.8963 | 0.8976 | 0.8984 | 0.8996 | 0.9009 | 0.9017 | 0.9029 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8772 | 0.8876 | 0.8939 | 0.9043 | 0.9106 | 0.9210 | 0.9273 |
| Camarilla | 0.8955 | 0.8970 | 0.8986 | 0.9001 | 0.9016 | 0.9032 | 0.9047 |
| Woodie | 0.8751 | 0.8866 | 0.8918 | 0.9033 | 0.9085 | 0.9200 | 0.9252 |
| Fibonacci | 0.8876 | 0.8940 | 0.8980 | 0.9043 | 0.9107 | 0.9147 | 0.9210 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8698 | 0.8818 | 0.8909 | 0.9029 | 0.9120 | 0.9240 | 0.9331 |
| Camarilla | 0.8943 | 0.8962 | 0.8982 | 0.9001 | 0.9020 | 0.9040 | 0.9059 |
| Woodie | 0.8685 | 0.8811 | 0.8896 | 0.9022 | 0.9107 | 0.9233 | 0.9318 |
| Fibonacci | 0.8818 | 0.8898 | 0.8948 | 0.9029 | 0.9109 | 0.9159 | 0.9240 |
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): | 66.96 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 17.6535 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 0.9026 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9015 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 0.9007 | |
| Zig ZAG (10): | 0.9029 | |
| VORTEX (21): | 1.1686 | |
| Stochastique (14,3,5): | 84.55 | |
| TEMA (21): | 0.9031 | |
| Williams %R (14): | -9.76 | |
| Chande Momentum Oscillator (20): | 0.0034 | |
| Repulse (5,40,3): | 0.0286 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0102 | |
| Courbe Coppock: | 0.53 |
| MA7: | 0.9050 | |
| MA20: | 0.9050 | |
| MA50: | 0.9016 | |
| MA100: | 0.8940 | |
| MAexp7: | 0.9025 | |
| MAexp20: | 0.9017 | |
| MAexp50: | 0.9008 | |
| MAexp100: | 0.9004 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | +0.10% | |
| Price / MA100: | +0.95% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.23% |
Quotes :
2020-08-04 10:20:38
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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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GBP/USD, EUR/GBP and GBP/NZD Weekly Outlooks - Webinar
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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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