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EUR/GBP
EUR GBP
- GBP (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURGBP
ISIN:

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

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard0.88920.89810.90400.91290.91880.92770.9336
Camarilla0.90580.90720.90850.90990.91130.91260.9140
Woodie0.88770.89740.90250.91220.91730.92700.9321
Fibonacci0.89810.90380.90730.91290.91860.92210.9277


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.88160.88990.89820.90650.91480.92310.9314
Camarilla0.90180.90340.90490.90640.90790.90940.9110
Woodie0.88150.88990.89810.90650.91470.92310.9313
Fibonacci0.88990.89630.90020.90650.91290.91680.9231


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.86430.87510.88520.89600.90610.91690.9270
Camarilla0.88950.89140.89330.89520.89710.89900.9010
Woodie0.86390.87490.88480.89580.90570.91670.9266
Fibonacci0.87510.88310.88810.89600.90400.90900.9169

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 - 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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