EUR/GBP

- GBP (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 04/17/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Neutral

Technical indicators

56%

17%

28%

My opinion

Neutral between 0.8532 GBP and 0.8561 GBP

My targets

My analysis

There is no basic trend on EUR/GBP and in the short term, there are still few buyers. It is difficult to advise a trading direction under these conditions. The nearest resistance is located at 0.8561 GBP. The nearest support is located at 0.8532 GBP. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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

The EUR/GBP price is 0.8543 GBP. The price is lower by -0.02% since the last closing and was traded between 0.8521 GBP and 0.8552 GBP over the period. The price is currently at +0.26% from its lowest and -0.11% from its highest.

0.8521

0.8552

0.8543

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

The Central Records scanner for higher/lower results shows the following items:

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

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/GBP chart shows a neutral trend. This indecision could turn into a bullish trend due to the bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

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 triangle

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8510	0.8532	0.8542	0.8543	0.8551	0.8561	0.8572
Change (%)	-0.39%	-0.13%	-0.01%	-	+0.09%	+0.21%	+0.34%
Change	-0.0033	-0.0011	-0.0001	-	+0.0008	+0.0018	+0.0029
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	0.8509	0.8518	0.8532	0.8541	0.8555	0.8564	0.8578
Camarilla	0.8539	0.8541	0.8543	0.8545	0.8547	0.8549	0.8551
Woodie	0.8511	0.8519	0.8534	0.8542	0.8557	0.8565	0.8580
Fibonacci	0.8518	0.8527	0.8533	0.8541	0.8550	0.8556	0.8564

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.96
MACD (12,26,9):	0.0000
Directional Movement:	-3.7121
AROON (14):	-14.2857
DEMA (21):	0.8540
Parabolic SAR (0,02-0,02-0,2):	0.8545
Elder Ray (13):	0.0003
Super Trend (3,10):	0.8551
Zig ZAG (10):	0.8543
VORTEX (21):	1.0000
Stochastique (14,3,5):	68.82
TEMA (21):	0.8540
Williams %R (14):	-25.81
Chande Momentum Oscillator (20):	-0.0006
Repulse (5,40,3):	0.0499
ROCnROLL:	1
TRIX (15,9):	-0.0006
Courbe Coppock:	0.16

MA7:	0.8550
MA20:	0.8561
MA50:	0.8552
MA100:	0.8574
MAexp7:	0.8540
MAexp20:	0.8541
MAexp50:	0.8541
MAexp100:	0.8545
Price / MA7:	-0.08%
Price / MA20:	-0.21%
Price / MA50:	-0.11%
Price / MA100:	-0.36%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.02%
Price / MAexp50:	+0.02%
Price / MAexp100:	-0.02%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/GBP at the time of the analysis were as follows:

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

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