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 04/30/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Strongly bearish

Technical indicators

28%

39%

33%

My opinion

Bearish under 0.8562 GBP

My targets

0.8510 GBP (-0.0030)

0.8428 GBP (-0.0112)

My analysis

With a strongly bearish trend, the price of EUR/GBP is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.8562 GBP remains possible. It would be possible for traders to only trade short positions (for sale) on EUR/GBP as long as the price remains well below 0.8562 GBP. The next bearish objective for sellers is set at 0.8510 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8428 GBP. In case of crossing, the next objective would be the support located at 0.8364 GBP.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

4.6

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 0.8540 GBP. The price has increased by +0.11% since the last closing with the lowest point at 0.8530 GBP and the highest point at 0.8555 GBP. The deviation from the price is +0.12% for the low point and -0.18% for the high point.

0.8530

0.8555

0.8540

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

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

Technical

Technical analysis of this 1H chart of EUR/GBP indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

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	0.8364	0.8510	0.8536	0.8540	0.8562	0.8592	0.8627
Change (%)	-2.06%	-0.35%	-0.05%	-	+0.26%	+0.61%	+1.02%
Change	-0.0176	-0.0030	-0.0004	-	+0.0022	+0.0052	+0.0087
Level	Minor	Major	Intermediate	-	Major	Intermediate	Intermediate

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	0.8480	0.8506	0.8518	0.8544	0.8556	0.8582	0.8594
Camarilla	0.8521	0.8524	0.8528	0.8531	0.8535	0.8538	0.8542
Woodie	0.8474	0.8503	0.8512	0.8541	0.8550	0.8579	0.8588
Fibonacci	0.8506	0.8520	0.8529	0.8544	0.8558	0.8567	0.8582

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

Technical indicators

Moving averages

RSI (14):	45.43
MACD (12,26,9):	0.0000
Directional Movement:	-1.6480
AROON (14):	57.1429
DEMA (21):	0.8541
Parabolic SAR (0,02-0,02-0,2):	0.8554
Elder Ray (13):	-0.0003
Super Trend (3,10):	0.8532
Zig ZAG (10):	0.8539
VORTEX (21):	1.0345
Stochastique (14,3,5):	35.59
TEMA (21):	0.8545
Williams %R (14):	-65.22
Chande Momentum Oscillator (20):	0.0005
Repulse (5,40,3):	-0.0816
ROCnROLL:	2
TRIX (15,9):	-0.0019
Courbe Coppock:	0.25

MA7:	0.8573
MA20:	0.8568
MA50:	0.8558
MA100:	0.8573
MAexp7:	0.8542
MAexp20:	0.8542
MAexp50:	0.8548
MAexp100:	0.8559
Price / MA7:	-0.38%
Price / MA20:	-0.33%
Price / MA50:	-0.21%
Price / MA100:	-0.38%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.02%
Price / MAexp50:	-0.09%
Price / MAexp100:	-0.22%

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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