EUR/GBP - 1H - Technical analysis published on 09/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 0.9170 GBP
My targets
0.9115 GBP (-0.0027)
0.9083 GBP (-0.0059)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/GBP, which is a positive signal for sellers. As long as the price remains above 0.9170 GBP, a sale could be considered. The first bearish objective is located at 0.9115 GBP. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.9083 GBP as an objective. Crossing it would then enable sellers to target 0.9041 GBP. If the price were to return above 0.9170 GBP, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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Additional analysis
Quotes
The EUR/GBP price is 0.9142 GBP. On the day, this instrument lost -0.29% and was between 0.9113 GBP and 0.9181 GBP. This implies that the price is at +0.32% from its lowest and at -0.42% from its highest.0.9113
0.9181
0.9142
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.9083 | 0.9115 | 0.9134 | 0.9142 | 0.9170 | 0.9220 | 0.9259 |
| Change (%) | -0.65% | -0.30% | -0.09% | - | +0.31% | +0.85% | +1.28% |
| Change | -0.0059 | -0.0027 | -0.0008 | - | +0.0028 | +0.0078 | +0.0117 |
| Level | Major | Minor | Major | - | Minor | Major | 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 | 0.9049 | 0.9093 | 0.9131 | 0.9175 | 0.9213 | 0.9257 | 0.9295 |
| Camarilla | 0.9147 | 0.9154 | 0.9162 | 0.9169 | 0.9177 | 0.9184 | 0.9192 |
| Woodie | 0.9046 | 0.9092 | 0.9128 | 0.9174 | 0.9210 | 0.9256 | 0.9292 |
| Fibonacci | 0.9093 | 0.9124 | 0.9144 | 0.9175 | 0.9206 | 0.9226 | 0.9257 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8893 | 0.8988 | 0.9077 | 0.9172 | 0.9261 | 0.9356 | 0.9445 |
| Camarilla | 0.9115 | 0.9132 | 0.9149 | 0.9166 | 0.9183 | 0.9200 | 0.9217 |
| Woodie | 0.8890 | 0.8987 | 0.9074 | 0.9171 | 0.9258 | 0.9355 | 0.9442 |
| Fibonacci | 0.8988 | 0.9058 | 0.9102 | 0.9172 | 0.9242 | 0.9286 | 0.9356 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8707 | 0.8807 | 0.8870 | 0.8970 | 0.9033 | 0.9133 | 0.9196 |
| Camarilla | 0.8887 | 0.8902 | 0.8917 | 0.8932 | 0.8947 | 0.8962 | 0.8977 |
| Woodie | 0.8688 | 0.8798 | 0.8851 | 0.8961 | 0.9014 | 0.9124 | 0.9177 |
| Fibonacci | 0.8807 | 0.8870 | 0.8908 | 0.8970 | 0.9033 | 0.9071 | 0.9133 |
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): | 44.05 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -10.2740 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 0.9143 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9113 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 0.9171 | |
| Zig ZAG (10): | 0.9146 | |
| VORTEX (21): | 0.9450 | |
| Stochastique (14,3,5): | 52.94 | |
| TEMA (21): | 0.9139 | |
| Williams %R (14): | -55.88 | |
| Chande Momentum Oscillator (20): | -0.0031 | |
| Repulse (5,40,3): | -0.0677 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0137 | |
| Courbe Coppock: | 0.59 |
| MA7: | 0.9156 | |
| MA20: | 0.9080 | |
| MA50: | 0.9054 | |
| MA100: | 0.9012 | |
| MAexp7: | 0.9148 | |
| MAexp20: | 0.9154 | |
| MAexp50: | 0.9165 | |
| MAexp100: | 0.9167 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | +0.68% | |
| Price / MA50: | +0.97% | |
| Price / MA100: | +1.44% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.27% |
Quotes :
2020-09-24 17:04:43
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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:
-
Will EUR/GBP target 0.9400? – 11 September 2020
-
GBP/USD, EUR/GBP and GBP/NZD Weekly Outlooks - Webinar
-
Will EUR/GBP continue to push higher? – 23rd July 2020
-
GBP/USD, EUR/GBP and FTSE Outlook - UK Market Webinar
-
GBP/USD, EUR/GBP and FTSE Outlooks - UK Market Webinar
This member declared not having a position on this financial instrument or a related financial instrument.
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