EUR/GBP

- GBP (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURGBP
ISIN:

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

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

My opinion

Bullish above 0.8551 GBP

My targets

0.8572 GBP (+0.0009)

0.8588 GBP (+0.0025)

My analysis

EUR/GBP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.8551 GBP. The next resistance located at 0.8572 GBP is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.8588 GBP. After this resistance, buyers could then target 0.8626 GBP. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

7.7

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 0.8563 GBP. The price registered an increase of +0.21% on the session and was between 0.8521 GBP and 0.8564 GBP. This implies that the price is at +0.49% from its lowest and at -0.01% from its highest.

0.8521

0.8564

0.8563

Here is a more detailed summary of the historical variations registered by EUR/GBP:

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

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 strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

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, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8542	0.8551	0.8561	0.8563	0.8572	0.8579	0.8588
Change (%)	-0.25%	-0.14%	-0.02%	-	+0.11%	+0.19%	+0.29%
Change	-0.0021	-0.0012	-0.0002	-	+0.0009	+0.0016	+0.0025
Level	Minor	Intermediate	Minor	-	Intermediate	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	66.05
MACD (12,26,9):	0.0002
Directional Movement:	10.2705
AROON (14):	71.4286
DEMA (21):	0.8546
Parabolic SAR (0,02-0,02-0,2):	0.8522
Elder Ray (13):	0.0013
Super Trend (3,10):	0.8531
Zig ZAG (10):	0.8561
VORTEX (21):	1.0552
Stochastique (14,3,5):	84.90
TEMA (21):	0.8548
Williams %R (14):	-4.88
Chande Momentum Oscillator (20):	0.0013
Repulse (5,40,3):	0.2611
ROCnROLL:	1
TRIX (15,9):	0.0003
Courbe Coppock:	0.01

MA7:	0.8552
MA20:	0.8562
MA50:	0.8552
MA100:	0.8574
MAexp7:	0.8548
MAexp20:	0.8543
MAexp50:	0.8542
MAexp100:	0.8545
Price / MA7:	+0.13%
Price / MA20:	+0.01%
Price / MA50:	+0.13%
Price / MA100:	-0.13%
Price / MAexp7:	+0.18%
Price / MAexp20:	+0.23%
Price / MAexp50:	+0.25%
Price / MAexp100:	+0.21%

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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