EUR/GBP
EUR GBP
- GBP (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: EURGBP
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EUR/GBP - Daily - Technical analysis published on 11/04/2020 (GMT)

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  • Timeframe : Daily
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  • 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

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. 1H Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/GBP:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard0.88730.89160.89400.89830.90070.90500.9074
Camarilla0.89470.89530.89590.89650.89710.89770.8983
Woodie0.88650.89110.89320.89780.89990.90450.9066
Fibonacci0.89160.89410.89570.89830.90080.90240.9050


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.88250.89040.89470.90260.90690.91480.9191
Camarilla0.89560.89670.89780.89890.90000.90110.9023
Woodie0.88060.88950.89280.90170.90500.91390.9172
Fibonacci0.89040.89510.89800.90260.90730.91020.9148


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.87500.88670.89280.90450.91060.92230.9284
Camarilla0.89400.89560.89730.89890.90050.90220.9038
Woodie0.87220.88530.89000.90310.90780.92090.9256
Fibonacci0.88670.89350.89770.90450.91130.91550.9223

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 - Real time data - Forex

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

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