EUR/GBP - Daily - Technical analysis published on 04/21/2021 (GMT)
- 141
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 0.8761 GBP
My targets
0.8560 GBP (-0.0079)
0.8501 GBP (-0.0138)
My analysis
In a bearish trend, the price of EUR/GBP tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.8761 GBP. A bearish break in the support located at 0.8560 GBP would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.8501 GBP. Then 0.8310 GBP by extension. It would be safer to wait for a bearish break in the support located at 0.8560 GBP before allowing yourself to re trade short positions (for sale) on EUR/GBP. PS: if there is a bullish break in the resistance located at 0.8761 GBP we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
0.7
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 TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/GBP price is 0.8639 GBP. The price registered an increase of +0.07% on the session and was traded between 0.8613 GBP and 0.8643 GBP over the period. The price is currently at +0.30% from its lowest and -0.05% from its highest.0.8613
0.8643
0.8639
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/GBP in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
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 | 0.8501 | 0.8560 | 0.8634 | 0.8639 | 0.8761 | 0.8882 | 0.9041 |
Change (%) | -1.60% | -0.91% | -0.06% | - | +1.41% | +2.81% | +4.65% |
Change | -0.0138 | -0.0079 | -0.0005 | - | +0.0122 | +0.0243 | +0.0402 |
Level | Major | Minor | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.8572 | 0.8588 | 0.8611 | 0.8627 | 0.8650 | 0.8666 | 0.8689 |
Camarilla | 0.8622 | 0.8626 | 0.8629 | 0.8633 | 0.8637 | 0.8640 | 0.8644 |
Woodie | 0.8575 | 0.8590 | 0.8614 | 0.8629 | 0.8653 | 0.8668 | 0.8692 |
Fibonacci | 0.8588 | 0.8603 | 0.8612 | 0.8627 | 0.8642 | 0.8651 | 0.8666 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.8545 | 0.8592 | 0.8624 | 0.8671 | 0.8703 | 0.8750 | 0.8782 |
Camarilla | 0.8633 | 0.8641 | 0.8648 | 0.8655 | 0.8662 | 0.8670 | 0.8677 |
Woodie | 0.8537 | 0.8588 | 0.8616 | 0.8667 | 0.8695 | 0.8746 | 0.8774 |
Fibonacci | 0.8592 | 0.8623 | 0.8641 | 0.8671 | 0.8702 | 0.8720 | 0.8750 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.8279 | 0.8391 | 0.8449 | 0.8561 | 0.8619 | 0.8731 | 0.8789 |
Camarilla | 0.8460 | 0.8476 | 0.8491 | 0.8507 | 0.8523 | 0.8538 | 0.8554 |
Woodie | 0.8252 | 0.8378 | 0.8422 | 0.8548 | 0.8592 | 0.8718 | 0.8762 |
Fibonacci | 0.8391 | 0.8456 | 0.8496 | 0.8561 | 0.8626 | 0.8666 | 0.8731 |
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): | 51.79 | |
MACD (12,26,9): | 0.0011 | |
Directional Movement: | 0.8999 | |
AROON (14): | 64.2857 | |
DEMA (21): | 0.8635 | |
Parabolic SAR (0,02-0,02-0,2): | 0.8716 | |
Elder Ray (13): | -0.0006 | |
Super Trend (3,10): | 0.8530 | |
Zig ZAG (10): | 0.8639 | |
VORTEX (21): | 1.0147 | |
Stochastique (14,3,5): | 61.40 | |
TEMA (21): | 0.8665 | |
Williams %R (14): | -35.22 | |
Chande Momentum Oscillator (20): | 0.0139 | |
Repulse (5,40,3): | -0.1985 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0107 | |
Courbe Coppock: | 2.63 |
MA7: | 0.8657 | |
MA20: | 0.8603 | |
MA50: | 0.8620 | |
MA100: | 0.8789 | |
MAexp7: | 0.8641 | |
MAexp20: | 0.8626 | |
MAexp50: | 0.8655 | |
MAexp100: | 0.8741 | |
Price / MA7: | -0.21% | |
Price / MA20: | +0.42% | |
Price / MA50: | +0.22% | |
Price / MA100: | -1.71% | |
Price / MAexp7: | -0.02% | |
Price / MAexp20: | +0.15% | |
Price / MAexp50: | -0.18% | |
Price / MAexp100: | -1.17% |
Quotes :
-
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
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 - Daily