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 04/29/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 0.8551 GBP

My targets

0.8521 GBP (-0.0018)

0.8510 GBP (-0.0029)

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 0.8551 GBP. The sellers' bearish objective is set at 0.8521 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8510 GBP. In case of crossing, the next objective would be the support located at 0.8364 GBP. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

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 0.8539 GBP. On the day, this instrument lost -0.23% with the lowest point at 0.8536 GBP and the highest point at 0.8569 GBP. The deviation from the price is +0.04% for the low point and -0.35% for the high point.

0.8536

0.8569

0.8539

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8510	0.8521	0.8536	0.8539	0.8551	0.8580	0.8601
Change (%)	-0.34%	-0.21%	-0.04%	-	+0.14%	+0.48%	+0.73%
Change	-0.0029	-0.0018	-0.0003	-	+0.0012	+0.0041	+0.0062
Level	Major	Minor	Intermediate	-	Major	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	30.08
MACD (12,26,9):	-0.0007
Directional Movement:	-17.7227
AROON (14):	-57.1429
DEMA (21):	0.8543
Parabolic SAR (0,02-0,02-0,2):	0.8555
Elder Ray (13):	-0.0008
Super Trend (3,10):	0.8562
Zig ZAG (10):	0.8539
VORTEX (21):	0.8333
Stochastique (14,3,5):	15.48
TEMA (21):	0.8541
Williams %R (14):	-84.00
Chande Momentum Oscillator (20):	-0.0019
Repulse (5,40,3):	-0.0787
ROCnROLL:	2
TRIX (15,9):	-0.0093
Courbe Coppock:	0.30

MA7:	0.8585
MA20:	0.8569
MA50:	0.8559
MA100:	0.8573
MAexp7:	0.8544
MAexp20:	0.8552
MAexp50:	0.8562
MAexp100:	0.8572
Price / MA7:	-0.54%
Price / MA20:	-0.35%
Price / MA50:	-0.23%
Price / MA100:	-0.40%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.15%
Price / MAexp50:	-0.27%
Price / MAexp100:	-0.38%

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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