EUR/GBP
EUR GBP
- GBP (-)
- Real time data - Forex
Open: -
Change: -
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High: -
High / Low range: -
Type: Forex
Ticker: EURGBP
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EUR/GBP - 1H - Technical analysis published on 09/18/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 0.9170 GBP
My targets
0.9083 GBP (-0.0049)
0.9041 GBP (-0.0091)
My analysis
The bearish basic trend is very strong on EUR/GBP but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.9170 GBP. Crossing the first support at 0.9083 GBP would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.9041 GBP as an objective. Crossing it would then enable sellers to target 0.8984 GBP. Caution, a return to above the resistance located at 0.9170 GBP would be a sign of a possible consolidation phase of the short-term basic trend. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5

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:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/GBP rating 0.9132 GBP. The price registered an increase of +0.01% on the session and was between 0.9115 GBP and 0.9153 GBP. This implies that the price is at +0.19% from its lowest and at -0.23% from its highest.

0.9115
0.9153
0.9132

Here is a more detailed summary of the historical variations registered by EUR/GBP:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/GBP chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Price is back over the pivot point

Type : Bullish

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:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8984 0.9041 0.9083 0.9132 0.9134 0.9170 0.9200
Change (%) -1.62% -1.00% -0.54% - +0.02% +0.42% +0.74%
Change -0.0148 -0.0091 -0.0049 - +0.0002 +0.0038 +0.0068
Level Minor Intermediate Major - Major Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.89990.90410.90860.91280.91730.92150.9260
Camarilla0.91070.91150.91230.91310.91390.91470.9155
Woodie0.90010.90420.90880.91290.91750.92160.9262
Fibonacci0.90410.90740.90950.91280.91610.91820.9215


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.86580.87920.90250.91590.93920.95260.9759
Camarilla0.91580.91920.92250.92590.92930.93260.9360
Woodie0.87090.88170.90760.91840.94430.95510.9810
Fibonacci0.87920.89320.90190.91590.92990.93860.9526


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.87070.88070.88700.89700.90330.91330.9196
Camarilla0.88870.89020.89170.89320.89470.89620.8977
Woodie0.86880.87980.88510.89610.90140.91240.9177
Fibonacci0.88070.88700.89080.89700.90330.90710.9133

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): 48.53
MACD (12,26,9): 0.0000
Directional Movement: -10.7041
AROON (14): -57.1428
DEMA (21): 0.9134
Parabolic SAR (0,02-0,02-0,2): 0.9096
Elder Ray (13): -0.0005
Super Trend (3,10): 0.9104
Zig ZAG (10): 0.9128
VORTEX (21): 1.0588
Stochastique (14,3,5): 29.82
TEMA (21): 0.9136
Williams %R (14): -63.16
Chande Momentum Oscillator (20): -0.0002
Repulse (5,40,3): 0.0713
ROCnROLL: 2
TRIX (15,9): 0.0044
Courbe Coppock: 0.03
MA7: 0.9184
MA20: 0.9041
MA50: 0.9045
MA100: 0.8995
MAexp7: 0.9132
MAexp20: 0.9133
MAexp50: 0.9139
MAexp100: 0.9150
Price / MA7: -0.57%
Price / MA20: +1.01%
Price / MA50: +0.96%
Price / MA100: +1.52%
Price / MAexp7: -0%
Price / MAexp20: -0.01%
Price / MAexp50: -0.08%
Price / MAexp100: -0.20%

Quotes : 2020-09-18 12:32:53 - Real time data - Forex

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

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