EUR/GBP
EUR GBP
- GBP (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURGBP
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EUR/GBP - Daily - Technical analysis published on 04/21/2021 (GMT)

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  • 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:
15 min. 1H Weekly

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:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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:

Central Indicators

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:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard0.85720.85880.86110.86270.86500.86660.8689
Camarilla0.86220.86260.86290.86330.86370.86400.8644
Woodie0.85750.85900.86140.86290.86530.86680.8692
Fibonacci0.85880.86030.86120.86270.86420.86510.8666


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.85450.85920.86240.86710.87030.87500.8782
Camarilla0.86330.86410.86480.86550.86620.86700.8677
Woodie0.85370.85880.86160.86670.86950.87460.8774
Fibonacci0.85920.86230.86410.86710.87020.87200.8750


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.82790.83910.84490.85610.86190.87310.8789
Camarilla0.84600.84760.84910.85070.85230.85380.8554
Woodie0.82520.83780.84220.85480.85920.87180.8762
Fibonacci0.83910.84560.84960.85610.86260.86660.8731

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

This member declared not having a position on this financial instrument or a related financial instrument.

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