EUR/GBP - 1H - Technical analysis published on 12/22/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 0.9101 GBP
My targets
0.9133 GBP (+0.0021)
0.9188 GBP (+0.0076)
My analysis
With a bullish background trend, the price of EUR/GBP is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 0.9101 GBP. A bullish break in the resistance located at 0.9133 GBP would boost the bullish momentum and fuel the basic trend. Then the price could move towards 0.9188 GBP. Then by extension. It would be safer to wait for a bullish break in the resistance located at 0.9133 GBP before allowing yourself to re trade long positions (at purchase) on EUR/GBP. PS: if there is a bearish break in the support located at 0.9101 GBP we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.1
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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
The EUR/GBP rating is 0.9112 GBP. The price has increased by +0.14% since the last closing and was between 0.9097 GBP and 0.9134 GBP. This implies that the price is at +0.16% from its lowest and at -0.24% from its highest.0.9097
0.9134
0.9112
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical
Technical analysis of this 1H chart of EUR/GBP indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
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 this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.9041 | 0.9070 | 0.9101 | 0.9112 | 0.9133 | 0.9188 | 0.9230 |
Change (%) | -0.78% | -0.46% | -0.12% | - | +0.23% | +0.83% | +1.29% |
Change | -0.0071 | -0.0042 | -0.0011 | - | +0.0021 | +0.0076 | +0.0118 |
Level | Major | Minor | Minor | - | Major | Minor | 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 | 0.8892 | 0.8981 | 0.9040 | 0.9129 | 0.9188 | 0.9277 | 0.9336 |
Camarilla | 0.9058 | 0.9072 | 0.9085 | 0.9099 | 0.9113 | 0.9126 | 0.9140 |
Woodie | 0.8877 | 0.8974 | 0.9025 | 0.9122 | 0.9173 | 0.9270 | 0.9321 |
Fibonacci | 0.8981 | 0.9038 | 0.9073 | 0.9129 | 0.9186 | 0.9221 | 0.9277 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.8816 | 0.8899 | 0.8982 | 0.9065 | 0.9148 | 0.9231 | 0.9314 |
Camarilla | 0.9018 | 0.9034 | 0.9049 | 0.9064 | 0.9079 | 0.9094 | 0.9110 |
Woodie | 0.8815 | 0.8899 | 0.8981 | 0.9065 | 0.9147 | 0.9231 | 0.9313 |
Fibonacci | 0.8899 | 0.8963 | 0.9002 | 0.9065 | 0.9129 | 0.9168 | 0.9231 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 46.93 | |
MACD (12,26,9): | -0.0002 | |
Directional Movement: | -4.6014 | |
AROON (14): | -14.2857 | |
DEMA (21): | 0.9125 | |
Parabolic SAR (0,02-0,02-0,2): | 0.9074 | |
Elder Ray (13): | -0.0007 | |
Super Trend (3,10): | 0.9171 | |
Zig ZAG (10): | 0.9115 | |
VORTEX (21): | 0.8511 | |
Stochastique (14,3,5): | 50.96 | |
TEMA (21): | 0.9112 | |
Williams %R (14): | -50.00 | |
Chande Momentum Oscillator (20): | 0.0018 | |
Repulse (5,40,3): | 0.0652 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0007 | |
Courbe Coppock: | 0.73 |
MA7: | 0.9072 | |
MA20: | 0.9042 | |
MA50: | 0.9018 | |
MA100: | 0.9039 | |
MAexp7: | 0.9120 | |
MAexp20: | 0.9124 | |
MAexp50: | 0.9111 | |
MAexp100: | 0.9093 | |
Price / MA7: | +0.44% | |
Price / MA20: | +0.77% | |
Price / MA50: | +1.04% | |
Price / MA100: | +0.81% | |
Price / MAexp7: | -0.09% | |
Price / MAexp20: | -0.13% | |
Price / MAexp50: | +0.01% | |
Price / MAexp100: | +0.21% |
Quotes :
2020-12-22 07:34:08
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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:
- Dow Versus S&P 500 for Risk Scenarios, Similar to EURGBP and GBPNZD Options
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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