EUR/GBP - 1H - Technical analysis published on 08/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 0.9030 GBP
My targets
0.9054 GBP (+0.0010)
0.9133 GBP (+0.0089)
My analysis
The bullish trend is currently very strong on EUR/GBP. As long as the price remains above the support at 0.9030 GBP, you could try to benefit from the boom. The first bullish objective is located at 0.9054 GBP. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.9133 GBP as an objective. Crossing it would then enable buyers to target 0.9310 GBP. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 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
7.7
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Additional analysis
Quotes
The EUR/GBP price is 0.9044 GBP. The price registered an increase of +0.04% on the session with the lowest point at 0.9038 GBP and the highest point at 0.9048 GBP. The deviation from the price is +0.07% for the low point and -0.04% for the high point.0.9038
0.9048
0.9044
Here is a more detailed summary of the historical variations registered by EUR/GBP:
Technical
A technical analysis in 1H of this EUR/GBP chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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 bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.9011 | 0.9030 | 0.9041 | 0.9044 | 0.9054 | 0.9133 | 0.9310 |
| Change (%) | -0.36% | -0.15% | -0.03% | - | +0.11% | +0.98% | +2.94% |
| Change | -0.0033 | -0.0014 | -0.0003 | - | +0.0010 | +0.0089 | +0.0266 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.48 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 3.8703 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.9046 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9037 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.9023 | |
| Zig ZAG (10): | 0.9045 | |
| VORTEX (21): | 1.0116 | |
| Stochastique (14,3,5): | 69.83 | |
| TEMA (21): | 0.9044 | |
| Williams %R (14): | -23.53 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | 0.0222 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0035 | |
| Courbe Coppock: | 0.10 |
| MA7: | 0.9023 | |
| MA20: | 0.9049 | |
| MA50: | 0.9028 | |
| MA100: | 0.8927 | |
| MAexp7: | 0.9044 | |
| MAexp20: | 0.9043 | |
| MAexp50: | 0.9035 | |
| MAexp100: | 0.9027 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | +0.18% | |
| Price / MA100: | +1.31% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.19% |
Quotes :
2020-08-14 06:20:58
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Real time data
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Forex
News
The last news published on EUR/GBP at the time of the generation of this analysis was as follows:
-
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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