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

11%

72%

17%

My opinion

Bearish under 0.8551 GBP

My targets

0.8521 GBP (-0.0013)

0.8510 GBP (-0.0024)

My analysis

EUR/GBP is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.8551 GBP. The next support located at 0.8521 GBP is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.8510 GBP. Below this support, sellers could then target 0.8364 GBP. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

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 0.8534 GBP. The price is lower by -0.29% since the last closing and was between 0.8532 GBP and 0.8569 GBP. This implies that the price is at +0.02% from its lowest and at -0.41% from its highest.

0.8532

0.8569

0.8534

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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, which identifies the highest / lowest, has detected several elements:

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 market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied 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

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8364	0.8510	0.8521	0.8534	0.8536	0.8551	0.8580
Change (%)	-1.99%	-0.28%	-0.15%	-	+0.02%	+0.20%	+0.54%
Change	-0.0170	-0.0024	-0.0013	-	+0.0002	+0.0017	+0.0046
Level	Minor	Major	Minor	-	Intermediate	Major	Major

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	26.58
MACD (12,26,9):	-0.0008
Directional Movement:	-18.8694
AROON (14):	-64.2857
DEMA (21):	0.8535
Parabolic SAR (0,02-0,02-0,2):	0.8543
Elder Ray (13):	-0.0007
Super Trend (3,10):	0.8552
Zig ZAG (10):	0.8534
VORTEX (21):	0.7967
Stochastique (14,3,5):	10.34
TEMA (21):	0.8533
Williams %R (14):	-93.10
Chande Momentum Oscillator (20):	-0.0017
Repulse (5,40,3):	-0.0030
ROCnROLL:	2
TRIX (15,9):	-0.0114
Courbe Coppock:	0.42

MA7:	0.8584
MA20:	0.8569
MA50:	0.8559
MA100:	0.8573
MAexp7:	0.8537
MAexp20:	0.8545
MAexp50:	0.8558
MAexp100:	0.8568
Price / MA7:	-0.58%
Price / MA20:	-0.41%
Price / MA50:	-0.29%
Price / MA100:	-0.45%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0.13%
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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