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 04/29/2024 (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%

72%

11%

My opinion

Bearish under 0.8551 GBP

My targets

0.8521 GBP (-0.0015)

0.8510 GBP (-0.0026)

My analysis

The bearish trend is currently very strong for EUR/GBP. As long as the price remains below the resistance at 0.8551 GBP, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.8521 GBP. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.8510 GBP as an objective. Crossing it would then enable sellers to target 0.8364 GBP. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.9

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 0.8536 GBP. On the day, this instrument lost -0.27% and was traded between 0.8532 GBP and 0.8569 GBP over the period. The price is currently at +0.05% from its lowest and -0.39% from its highest.

0.8532

0.8569

0.8536

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Technical analysis of this 1H chart of EUR/GBP indicates that the overall trend is strongly bearish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

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

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8510	0.8521	0.8536	0.8536	0.8551	0.8580	0.8601
Change (%)	-0.30%	-0.18%	0%	-	+0.18%	+0.52%	+0.76%
Change	-0.0026	-0.0015	0	-	+0.0015	+0.0044	+0.0065
Level	Major	Minor	Intermediate	-	Major	Major	Minor

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	0.8529	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):	26.19
MACD (12,26,9):	-0.0007
Directional Movement:	-19.4462
AROON (14):	-64.2857
DEMA (21):	0.8540
Parabolic SAR (0,02-0,02-0,2):	0.8550
Elder Ray (13):	-0.0009
Super Trend (3,10):	0.8557
Zig ZAG (10):	0.8535
VORTEX (21):	0.8529
Stochastique (14,3,5):	13.01
TEMA (21):	0.8537
Williams %R (14):	-89.66
Chande Momentum Oscillator (20):	-0.0021
Repulse (5,40,3):	-0.0688
ROCnROLL:	2
TRIX (15,9):	-0.0102
Courbe Coppock:	0.38

MA7:	0.8584
MA20:	0.8569
MA50:	0.8559
MA100:	0.8573
MAexp7:	0.8541
MAexp20:	0.8549
MAexp50:	0.8560
MAexp100:	0.8570
Price / MA7:	-0.56%
Price / MA20:	-0.39%
Price / MA50:	-0.27%
Price / MA100:	-0.43%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.15%
Price / MAexp50:	-0.28%
Price / MAexp100:	-0.40%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on EUR/GBP. At the time of publication of this analysis, the latest news was as follows:

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

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