EUR/GBP - 1H - Technical analysis published on 02/08/2021 (GMT)
- 164
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.8761 GBP
My targets
0.8804 GBP (+0.0023)
0.8824 GBP (+0.0043)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EUR/GBP as long as the price remains well above 0.8761 GBP. The buyers” bullish objective is set at 0.8804 GBP. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8824 GBP. If there is any crossing, the next objective would be the resistance located at 0.8861 GBP.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.6
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/GBP rating 0.8781 GBP. The price has increased by +0.14% since the last closing and was between 0.8761 GBP and 0.8793 GBP. This implies that the price is at +0.23% from its lowest and at -0.14% from its highest.0.8761
0.8793
0.8781
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 not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel 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 | 0.8634 | 0.8738 | 0.8761 | 0.8781 | 0.8804 | 0.8824 | 0.8861 |
| Change (%) | -1.67% | -0.49% | -0.23% | - | +0.26% | +0.49% | +0.91% |
| Change | -0.0147 | -0.0043 | -0.0020 | - | +0.0023 | +0.0043 | +0.0080 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8705 | 0.8722 | 0.8745 | 0.8762 | 0.8785 | 0.8802 | 0.8825 |
| Camarilla | 0.8758 | 0.8762 | 0.8765 | 0.8769 | 0.8773 | 0.8776 | 0.8780 |
| Woodie | 0.8709 | 0.8724 | 0.8749 | 0.8764 | 0.8789 | 0.8804 | 0.8829 |
| Fibonacci | 0.8722 | 0.8737 | 0.8746 | 0.8762 | 0.8777 | 0.8786 | 0.8802 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8604 | 0.8671 | 0.8720 | 0.8787 | 0.8836 | 0.8903 | 0.8952 |
| Camarilla | 0.8737 | 0.8748 | 0.8758 | 0.8769 | 0.8780 | 0.8790 | 0.8801 |
| Woodie | 0.8595 | 0.8667 | 0.8711 | 0.8783 | 0.8827 | 0.8899 | 0.8943 |
| Fibonacci | 0.8671 | 0.8715 | 0.8743 | 0.8787 | 0.8831 | 0.8859 | 0.8903 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8479 | 0.8645 | 0.8752 | 0.8918 | 0.9025 | 0.9191 | 0.9298 |
| Camarilla | 0.8783 | 0.8808 | 0.8833 | 0.8858 | 0.8883 | 0.8908 | 0.8933 |
| Woodie | 0.8449 | 0.8630 | 0.8722 | 0.8903 | 0.8995 | 0.9176 | 0.9268 |
| Fibonacci | 0.8645 | 0.8750 | 0.8814 | 0.8918 | 0.9023 | 0.9087 | 0.9191 |
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): | 58.38 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 10.4708 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 0.8782 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8769 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 0.8762 | |
| Zig ZAG (10): | 0.8783 | |
| VORTEX (21): | 1.1006 | |
| Stochastique (14,3,5): | 79.17 | |
| TEMA (21): | 0.8788 | |
| Williams %R (14): | -31.25 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | -0.0066 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0072 | |
| Courbe Coppock: | 0.34 |
| MA7: | 0.8802 | |
| MA20: | 0.8853 | |
| MA50: | 0.8966 | |
| MA100: | 0.9002 | |
| MAexp7: | 0.8782 | |
| MAexp20: | 0.8776 | |
| MAexp50: | 0.8775 | |
| MAexp100: | 0.8787 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | -2.06% | |
| Price / MA100: | -2.46% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | -0.07% |
Quotes :
2021-02-08 15:09:14
-
Real time data
-
Forex
News
The last news published on EUR/GBP at the time of the generation of this analysis was as follows:
-
Market Sentiment Improving But EUR/USD, EUR/GBP Weak | Webinar
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis EUR/GBP - 1H