EUR/GBP

- GBP (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - Daily - Technical analysis published on 11/27/2020 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Court terme: Neutral

De fond: Slightly bearish

Technical indicators

44%

11%

44%

My opinion

Neutral between 0.8874 GBP and 0.9041 GBP

My targets

My analysis

The neutral short-term trend shows a weakening of the basic, slightly bearish trend on EUR/GBP. It is difficult to advise a trading direction under these conditions. The first support is located at 0.8874 GBP. The first resistance is located at 0.9041 GBP. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

Comment on the analysis

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 pyxis2025. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/GBP rating 0.8987 GBP. The price registered an increase of +0.75% on the session and was traded between 0.8915 GBP and 0.8994 GBP over the period. The price is currently at +0.81% from its lowest and -0.08% from its highest.

0.8915

0.8994

0.8987

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of EUR/GBP in Daily shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8634	0.8761	0.8874	0.8987	0.9041	0.9133	0.9261
Change (%)	-3.93%	-2.51%	-1.26%	-	+0.60%	+1.62%	+3.05%
Change	-0.0353	-0.0226	-0.0113	-	+0.0054	+0.0146	+0.0274
Level	Intermediate	Intermediate	Major	-	Major	Intermediate	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	0.8870	0.8886	0.8903	0.8919	0.8936	0.8952	0.8969
Camarilla	0.8911	0.8914	0.8917	0.8920	0.8923	0.8926	0.8929
Woodie	0.8871	0.8886	0.8904	0.8919	0.8937	0.8952	0.8970
Fibonacci	0.8886	0.8899	0.8906	0.8919	0.8932	0.8939	0.8952

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8812	0.8864	0.8893	0.8945	0.8974	0.9026	0.9055
Camarilla	0.8901	0.8908	0.8916	0.8923	0.8930	0.8938	0.8945
Woodie	0.8802	0.8858	0.8883	0.8939	0.8964	0.9020	0.9045
Fibonacci	0.8864	0.8895	0.8914	0.8945	0.8976	0.8995	0.9026

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.60
MACD (12,26,9):	-0.0029
Directional Movement:	0.5872
AROON (14):	-14.2857
DEMA (21):	0.8920
Parabolic SAR (0,02-0,02-0,2):	0.8860
Elder Ray (13):	0.0010
Super Trend (3,10):	0.9069
Zig ZAG (10):	0.8987
VORTEX (21):	0.9260
Stochastique (14,3,5):	47.53
TEMA (21):	0.8913
Williams %R (14):	-11.72
Chande Momentum Oscillator (20):	0.0081
Repulse (5,40,3):	1.0001
ROCnROLL:	-1
TRIX (15,9):	-0.0544
Courbe Coppock:	1.31

MA7:	0.8926
MA20:	0.8957
MA50:	0.9034
MA100:	0.9040
MAexp7:	0.8937
MAexp20:	0.8960
MAexp50:	0.9002
MAexp100:	0.9001
Price / MA7:	+0.68%
Price / MA20:	+0.33%
Price / MA50:	-0.52%
Price / MA100:	-0.59%
Price / MAexp7:	+0.56%
Price / MAexp20:	+0.30%
Price / MAexp50:	-0.17%
Price / MAexp100:	-0.16%

Quotes : 2020-11-27 18:48:33 - Real time data - 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:

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

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