EUR/GBP - 1H - Technical analysis published on 12/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.8964 GBP
My targets
0.9002 GBP (+0.0025)
0.9041 GBP (+0.0064)
My analysis
EUR/GBP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.8964 GBP. The next resistance located at 0.9002 GBP is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.9041 GBP. After this resistance, buyers could then target 0.9133 GBP. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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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 0.8977 GBP. On the day, this instrument gained +0.28% with the lowest point at 0.8929 GBP and the highest point at 0.9008 GBP. The deviation from the price is +0.54% for the low point and -0.34% for the high point.0.8929
0.9008
0.8977
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Technical
A technical analysis in 1H of this EUR/GBP chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.8915 | 0.8945 | 0.8964 | 0.8977 | 0.9002 | 0.9041 | 0.9133 |
| Change (%) | -0.69% | -0.36% | -0.14% | - | +0.28% | +0.71% | +1.74% |
| Change | -0.0062 | -0.0032 | -0.0013 | - | +0.0025 | +0.0064 | +0.0156 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Intermediate |
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 | 0.8874 | 0.8909 | 0.8931 | 0.8966 | 0.8988 | 0.9023 | 0.9045 |
| Camarilla | 0.8936 | 0.8942 | 0.8947 | 0.8952 | 0.8957 | 0.8963 | 0.8968 |
| Woodie | 0.8867 | 0.8906 | 0.8924 | 0.8963 | 0.8981 | 0.9020 | 0.9038 |
| Fibonacci | 0.8909 | 0.8931 | 0.8945 | 0.8966 | 0.8988 | 0.9002 | 0.9023 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8766 | 0.8816 | 0.8900 | 0.8950 | 0.9034 | 0.9084 | 0.9168 |
| Camarilla | 0.8947 | 0.8959 | 0.8972 | 0.8984 | 0.8996 | 0.9009 | 0.9021 |
| Woodie | 0.8783 | 0.8825 | 0.8917 | 0.8959 | 0.9051 | 0.9093 | 0.9185 |
| Fibonacci | 0.8816 | 0.8867 | 0.8899 | 0.8950 | 0.9001 | 0.9033 | 0.9084 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8643 | 0.8751 | 0.8852 | 0.8960 | 0.9061 | 0.9169 | 0.9270 |
| Camarilla | 0.8895 | 0.8914 | 0.8933 | 0.8952 | 0.8971 | 0.8990 | 0.9010 |
| Woodie | 0.8639 | 0.8749 | 0.8848 | 0.8958 | 0.9057 | 0.9167 | 0.9266 |
| Fibonacci | 0.8751 | 0.8831 | 0.8881 | 0.8960 | 0.9040 | 0.9090 | 0.9169 |
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): | 55.49 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 8.2484 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 0.8976 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8953 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 0.8941 | |
| Zig ZAG (10): | 0.8981 | |
| VORTEX (21): | 1.0453 | |
| Stochastique (14,3,5): | 83.27 | |
| TEMA (21): | 0.8980 | |
| Williams %R (14): | -45.57 | |
| Chande Momentum Oscillator (20): | 0.0023 | |
| Repulse (5,40,3): | -0.0837 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0023 | |
| Courbe Coppock: | 0.64 |
| MA7: | 0.8931 | |
| MA20: | 0.8955 | |
| MA50: | 0.9025 | |
| MA100: | 0.9038 | |
| MAexp7: | 0.8978 | |
| MAexp20: | 0.8969 | |
| MAexp50: | 0.8961 | |
| MAexp100: | 0.8950 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +0.25% | |
| Price / MA50: | -0.53% | |
| Price / MA100: | -0.67% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.30% |
Quotes :
2020-12-01 16:40:36
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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:
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Market Sentiment Rally Lifts EUR, GBP, AUD, but Stocks Lag | Webinar
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Will EUR/GBP target 0.9400? – 11 September 2020
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GBP/USD, EUR/GBP and GBP/NZD Weekly Outlooks - Webinar
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Will EUR/GBP continue to push higher? – 23rd July 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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