EUR/GBP

- GBP (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 04/28/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 0.8580 GBP

My targets

0.8551 GBP (-0.0009)

0.8536 GBP (-0.0024)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/GBP as long as the price remains well below 0.8580 GBP. The sellers' bearish objective is set at 0.8551 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8536 GBP. In case of crossing, the next objective would be the support located at 0.8521 GBP. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

7.1

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 rating is 0.8560 GBP. The price registered an increase of +0.01% on the session and was between 0.8554 GBP and 0.8569 GBP. This implies that the price is at +0.07% from its lowest and at -0.11% from its highest.

0.8554

0.8569

0.8560

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

Technical

A technical analysis in 1H of this EUR/GBP chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

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	0.8521	0.8536	0.8551	0.8560	0.8580	0.8601	0.8626
Change (%)	-0.46%	-0.28%	-0.11%	-	+0.23%	+0.48%	+0.77%
Change	-0.0039	-0.0024	-0.0009	-	+0.0020	+0.0041	+0.0066
Level	Minor	Intermediate	Major	-	Major	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	0.8529	0.8544	0.8564	0.8579	0.8599	0.8614
Camarilla	0.8549	0.8553	0.8556	0.8559	0.8562	0.8565	0.8569
Woodie	0.8507	0.8528	0.8542	0.8563	0.8577	0.8598	0.8612
Fibonacci	0.8529	0.8542	0.8551	0.8564	0.8577	0.8586	0.8599

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8428	0.8488	0.8524	0.8584	0.8620	0.8680	0.8716
Camarilla	0.8533	0.8541	0.8550	0.8559	0.8568	0.8577	0.8585
Woodie	0.8415	0.8482	0.8511	0.8578	0.8607	0.8674	0.8703
Fibonacci	0.8488	0.8525	0.8548	0.8584	0.8621	0.8644	0.8680

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):	39.53
MACD (12,26,9):	-0.0005
Directional Movement:	-11.5905
AROON (14):	-71.4286
DEMA (21):	0.8560
Parabolic SAR (0,02-0,02-0,2):	0.8569
Elder Ray (13):	-0.0003
Super Trend (3,10):	0.8577
Zig ZAG (10):	0.8560
VORTEX (21):	0.8957
Stochastique (14,3,5):	36.46
TEMA (21):	0.8559
Williams %R (14):	-59.26
Chande Momentum Oscillator (20):	-0.0006
Repulse (5,40,3):	-0.0370
ROCnROLL:	2
TRIX (15,9):	-0.0071
Courbe Coppock:	0.31

MA7:	0.8588
MA20:	0.8570
MA50:	0.8559
MA100:	0.8573
MAexp7:	0.8561
MAexp20:	0.8566
MAexp50:	0.8574
MAexp100:	0.8580
Price / MA7:	-0.33%
Price / MA20:	-0.12%
Price / MA50:	+0.01%
Price / MA100:	-0.15%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.07%
Price / MAexp50:	-0.16%
Price / MAexp100:	-0.23%

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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