EUR/GBP

- GBP (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - Daily - Technical analysis published on 08/14/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

44%

33%

22%

My opinion

Bullish above 0.8930 GBP

My targets

0.9133 GBP (+0.0088)

0.9310 GBP (+0.0265)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/GBP as long as the price remains well above 0.8930 GBP. The buyers” bullish objective is set at 0.9133 GBP. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9310 GBP. If there is any crossing, the next objective would be the resistance located at 0.9428 GBP. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

4.6

Comment on the analysis

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 n4nd14hm. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/GBP price is 0.9045 GBP. On the day, this instrument gained +0.06% and was between 0.9038 GBP and 0.9048 GBP. This implies that the price is at +0.08% from its lowest and at -0.03% from its highest.

0.9038

0.9048

0.9045

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of EUR/GBP in Daily shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8761	0.8930	0.9041	0.9045	0.9133	0.9310	0.9428
Change (%)	-3.14%	-1.27%	-0.04%	-	+0.97%	+2.93%	+4.23%
Change	-0.0284	-0.0115	-0.0004	-	+0.0088	+0.0265	+0.0383
Level	Major	Intermediate	Major	-	Intermediate	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9006	0.9018	0.9029	0.9041	0.9052	0.9064	0.9075
Camarilla	0.9034	0.9036	0.9038	0.9040	0.9042	0.9044	0.9046
Woodie	0.9006	0.9018	0.9029	0.9041	0.9052	0.9064	0.9075
Fibonacci	0.9018	0.9027	0.9032	0.9041	0.9050	0.9055	0.9064

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8913	0.8947	0.8990	0.9024	0.9067	0.9101	0.9144
Camarilla	0.9011	0.9018	0.9025	0.9032	0.9039	0.9046	0.9053
Woodie	0.8917	0.8949	0.8994	0.9026	0.9071	0.9103	0.9148
Fibonacci	0.8947	0.8977	0.8995	0.9024	0.9054	0.9072	0.9101

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):	51.30
MACD (12,26,9):	-0.0002
Directional Movement:	2.2164
AROON (14):	-78.5714
DEMA (21):	0.9036
Parabolic SAR (0,02-0,02-0,2):	0.9072
Elder Ray (13):	0.0010
Super Trend (3,10):	0.8933
Zig ZAG (10):	0.9042
VORTEX (21):	0.9848
Stochastique (14,3,5):	41.10
TEMA (21):	0.9019
Williams %R (14):	-56.02
Chande Momentum Oscillator (20):	-0.0034
Repulse (5,40,3):	0.2128
ROCnROLL:	1
TRIX (15,9):	0.0017
Courbe Coppock:	1.39

MA7:	0.9023
MA20:	0.9048
MA50:	0.9028
MA100:	0.8927
MAexp7:	0.9030
MAexp20:	0.9035
MAexp50:	0.9011
MAexp100:	0.8943
Price / MA7:	+0.24%
Price / MA20:	-0.03%
Price / MA50:	+0.19%
Price / MA100:	+1.32%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.11%
Price / MAexp50:	+0.38%
Price / MAexp100:	+1.14%

Quotes : 2020-08-14 06:09:26 - Real time data - Forex

News

The latest news and videos published on EUR/GBP at the time of the analysis were as follows:

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

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