EUR/GBP

- GBP (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 04/16/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.8528 GBP

My targets

0.8561 GBP (+0.0014)

0.8572 GBP (+0.0025)

My analysis

The strong short-term increase for EUR/GBP reinforces the current slightly bullish trend. As long as the price remains above 0.8528 GBP, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.8561 GBP. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8572 GBP as an objective. Crossing it would then enable buyers to target 0.8579 GBP. A return to 0.8528 GBP would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

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

4.5

Comment on the analysis

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 dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/GBP rating 0.8547 GBP. The price registered an increase of +0.13% on the session and was between 0.8528 GBP and 0.8548 GBP. This implies that the price is at +0.22% from its lowest and at -0.01% from its highest.

0.8528

0.8548

0.8547

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EUR/GBP in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI 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

The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8510	0.8528	0.8541	0.8547	0.8553	0.8561	0.8572
Change (%)	-0.43%	-0.22%	-0.07%	-	+0.07%	+0.16%	+0.29%
Change	-0.0037	-0.0019	-0.0006	-	+0.0006	+0.0014	+0.0025
Level	Major	Intermediate	Minor	-	Intermediate	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
Standard	0.8498	0.8513	0.8524	0.8539	0.8550	0.8565	0.8576
Camarilla	0.8529	0.8531	0.8534	0.8536	0.8538	0.8541	0.8543
Woodie	0.8497	0.8512	0.8523	0.8538	0.8549	0.8564	0.8575
Fibonacci	0.8513	0.8523	0.8529	0.8539	0.8549	0.8555	0.8565

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8461	0.8494	0.8521	0.8554	0.8581	0.8614	0.8641
Camarilla	0.8531	0.8536	0.8542	0.8547	0.8553	0.8558	0.8564
Woodie	0.8457	0.8493	0.8517	0.8553	0.8577	0.8613	0.8637
Fibonacci	0.8494	0.8517	0.8531	0.8554	0.8577	0.8591	0.8614

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8395	0.8449	0.8495	0.8549	0.8595	0.8649	0.8695
Camarilla	0.8514	0.8523	0.8532	0.8541	0.8550	0.8559	0.8569
Woodie	0.8391	0.8447	0.8491	0.8547	0.8591	0.8647	0.8691
Fibonacci	0.8449	0.8487	0.8511	0.8549	0.8587	0.8611	0.8649

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):	61.15
MACD (12,26,9):	0.0001
Directional Movement:	8.4310
AROON (14):	50.0000
DEMA (21):	0.8539
Parabolic SAR (0,02-0,02-0,2):	0.8530
Elder Ray (13):	0.0006
Super Trend (3,10):	0.8551
Zig ZAG (10):	0.8546
VORTEX (21):	1.0373
Stochastique (14,3,5):	76.49
TEMA (21):	0.8541
Williams %R (14):	-10.00
Chande Momentum Oscillator (20):	0.0008
Repulse (5,40,3):	0.0673
ROCnROLL:	1
TRIX (15,9):	-0.0007
Courbe Coppock:	0.08

MA7:	0.8555
MA20:	0.8562
MA50:	0.8552
MA100:	0.8575
MAexp7:	0.8541
MAexp20:	0.8539
MAexp50:	0.8541
MAexp100:	0.8546
Price / MA7:	-0.09%
Price / MA20:	-0.18%
Price / MA50:	-0.06%
Price / MA100:	-0.33%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.07%
Price / MAexp100:	+0.01%

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:

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

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