EUR/GBP - 1H - Technical analysis published on 01/20/2021 (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 bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.8919 GBP
My targets
0.8867 GBP (-0.0023)
0.8826 GBP (-0.0064)
My analysis
EUR/GBP is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.8919 GBP. The next support located at 0.8867 GBP is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.8826 GBP. Below this support, sellers could then target 0.8761 GBP. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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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 price is 0.8890 GBP. The price is lower by -0.07% since the last closing and was between 0.8889 GBP and 0.8904 GBP. This implies that the price is at +0.01% from its lowest and at -0.16% from its highest.0.8889
0.8904
0.8890
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of EUR/GBP indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8826 | 0.8867 | 0.8882 | 0.8890 | 0.8919 | 0.8996 | 0.9019 |
| Change (%) | -0.72% | -0.26% | -0.09% | - | +0.33% | +1.19% | +1.45% |
| Change | -0.0064 | -0.0023 | -0.0008 | - | +0.0029 | +0.0106 | +0.0129 |
| Level | Minor | Minor | Major | - | Major | Minor | Minor |
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 | 0.8844 | 0.8863 | 0.8880 | 0.8899 | 0.8916 | 0.8935 | 0.8952 |
| Camarilla | 0.8886 | 0.8889 | 0.8893 | 0.8896 | 0.8899 | 0.8903 | 0.8906 |
| Woodie | 0.8842 | 0.8863 | 0.8878 | 0.8899 | 0.8914 | 0.8935 | 0.8950 |
| Fibonacci | 0.8863 | 0.8877 | 0.8886 | 0.8899 | 0.8913 | 0.8922 | 0.8935 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8654 | 0.8760 | 0.8825 | 0.8931 | 0.8996 | 0.9102 | 0.9167 |
| Camarilla | 0.8843 | 0.8859 | 0.8874 | 0.8890 | 0.8906 | 0.8921 | 0.8937 |
| Woodie | 0.8634 | 0.8750 | 0.8805 | 0.8921 | 0.8976 | 0.9092 | 0.9147 |
| Fibonacci | 0.8760 | 0.8825 | 0.8866 | 0.8931 | 0.8996 | 0.9037 | 0.9102 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8527 | 0.8728 | 0.8829 | 0.9030 | 0.9131 | 0.9332 | 0.9433 |
| Camarilla | 0.8848 | 0.8876 | 0.8903 | 0.8931 | 0.8959 | 0.8986 | 0.9014 |
| Woodie | 0.8478 | 0.8703 | 0.8780 | 0.9005 | 0.9082 | 0.9307 | 0.9384 |
| Fibonacci | 0.8728 | 0.8843 | 0.8914 | 0.9030 | 0.9145 | 0.9216 | 0.9332 |
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): | 46.52 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 5.0616 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 0.8896 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8905 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.8888 | |
| Zig ZAG (10): | 0.8894 | |
| VORTEX (21): | 0.9595 | |
| Stochastique (14,3,5): | 29.71 | |
| TEMA (21): | 0.8894 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0527 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0009 | |
| Courbe Coppock: | 0.14 |
| MA7: | 0.8900 | |
| MA20: | 0.8983 | |
| MA50: | 0.8994 | |
| MA100: | 0.9033 | |
| MAexp7: | 0.8896 | |
| MAexp20: | 0.8897 | |
| MAexp50: | 0.8898 | |
| MAexp100: | 0.8904 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -1.04% | |
| Price / MA50: | -1.16% | |
| Price / MA100: | -1.58% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.16% |
Quotes :
2021-01-20 08:01:31
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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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Dow Versus S&P 500 for Risk Scenarios, Similar to EURGBP and GBPNZD Options
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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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