EUR/GBP - Daily - Technical analysis published on 11/04/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 0.9041 GBP
My targets
0.8930 GBP (-0.0069)
0.8761 GBP (-0.0238)
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 0.9041 GBP, a sale could be considered. The first bearish objective is located at 0.8930 GBP. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8761 GBP as an objective. Crossing it would then enable sellers to target 0.8501 GBP. If the price were to return above 0.9041 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/GBP rating 0.8999 GBP. The price has increased by +0.38% since the last closing and was between 0.8945 GBP and 0.9033 GBP. This implies that the price is at +0.60% from its lowest and at -0.38% from its highest.0.8945
0.9033
0.8999
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
Here is a more detailed summary of the historical variations registered by EUR/GBP:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EUR/GBP chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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 several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.8501 | 0.8761 | 0.8930 | 0.8999 | 0.9041 | 0.9132 | 0.9261 |
Change (%) | -5.53% | -2.64% | -0.77% | - | +0.47% | +1.48% | +2.91% |
Change | -0.0498 | -0.0238 | -0.0069 | - | +0.0042 | +0.0133 | +0.0262 |
Level | Major | Major | Major | - | Major | Major | 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 | 0.8873 | 0.8916 | 0.8940 | 0.8983 | 0.9007 | 0.9050 | 0.9074 |
Camarilla | 0.8947 | 0.8953 | 0.8959 | 0.8965 | 0.8971 | 0.8977 | 0.8983 |
Woodie | 0.8865 | 0.8911 | 0.8932 | 0.8978 | 0.8999 | 0.9045 | 0.9066 |
Fibonacci | 0.8916 | 0.8941 | 0.8957 | 0.8983 | 0.9008 | 0.9024 | 0.9050 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.8825 | 0.8904 | 0.8947 | 0.9026 | 0.9069 | 0.9148 | 0.9191 |
Camarilla | 0.8956 | 0.8967 | 0.8978 | 0.8989 | 0.9000 | 0.9011 | 0.9023 |
Woodie | 0.8806 | 0.8895 | 0.8928 | 0.9017 | 0.9050 | 0.9139 | 0.9172 |
Fibonacci | 0.8904 | 0.8951 | 0.8980 | 0.9026 | 0.9073 | 0.9102 | 0.9148 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.8750 | 0.8867 | 0.8928 | 0.9045 | 0.9106 | 0.9223 | 0.9284 |
Camarilla | 0.8940 | 0.8956 | 0.8973 | 0.8989 | 0.9005 | 0.9022 | 0.9038 |
Woodie | 0.8722 | 0.8853 | 0.8900 | 0.9031 | 0.9078 | 0.9209 | 0.9256 |
Fibonacci | 0.8867 | 0.8935 | 0.8977 | 0.9045 | 0.9113 | 0.9155 | 0.9223 |
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): | 44.08 | |
MACD (12,26,9): | -0.0024 | |
Directional Movement: | -5.6169 | |
AROON (14): | -78.5714 | |
DEMA (21): | 0.9016 | |
Parabolic SAR (0,02-0,02-0,2): | 0.9109 | |
Elder Ray (13): | -0.0039 | |
Super Trend (3,10): | 0.9195 | |
Zig ZAG (10): | 0.8991 | |
VORTEX (21): | 0.9171 | |
Stochastique (14,3,5): | 13.59 | |
TEMA (21): | 0.8991 | |
Williams %R (14): | -76.96 | |
Chande Momentum Oscillator (20): | -0.0097 | |
Repulse (5,40,3): | -0.5882 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0246 | |
Courbe Coppock: | 1.39 |
MA7: | 0.9011 | |
MA20: | 0.9049 | |
MA50: | 0.9068 | |
MA100: | 0.9053 | |
MAexp7: | 0.9008 | |
MAexp20: | 0.9042 | |
MAexp50: | 0.9055 | |
MAexp100: | 0.9023 | |
Price / MA7: | -0.13% | |
Price / MA20: | -0.55% | |
Price / MA50: | -0.76% | |
Price / MA100: | -0.60% | |
Price / MAexp7: | -0.10% | |
Price / MAexp20: | -0.48% | |
Price / MAexp50: | -0.62% | |
Price / MAexp100: | -0.27% |
Quotes :
2020-11-04 11:11:03
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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:
- Market Sentiment Rally Lifts EUR, GBP, AUD, but Stocks Lag | Webinar
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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