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 05/13/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.8578 GBP

My targets

0.8627 GBP (+0.0020)

0.8659 GBP (+0.0052)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/GBP as long as the price remains well above 0.8578 GBP. The buyers' bullish objective is set at 0.8627 GBP. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8659 GBP. If there is any crossing, the next objective would be the resistance located at 0.8691 GBP. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.3

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 0.8607 GBP. On the day, this instrument gained +0.09% and was between 0.8595 GBP and 0.8610 GBP. This implies that the price is at +0.14% from its lowest and at -0.03% from its highest.

0.8595

0.8610

0.8607

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

A study of price movements over other periods shows the following variations:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of EUR/GBP in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. 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 shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

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	0.8562	0.8578	0.8601	0.8607	0.8627	0.8659	0.8691
Change (%)	-0.52%	-0.34%	-0.07%	-	+0.23%	+0.60%	+0.98%
Change	-0.0045	-0.0029	-0.0006	-	+0.0020	+0.0052	+0.0084
Level	Major	Minor	Major	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8575	0.8584	0.8592	0.8601	0.8609	0.8618	0.8626
Camarilla	0.8594	0.8596	0.8597	0.8599	0.8601	0.8602	0.8604
Woodie	0.8574	0.8584	0.8591	0.8601	0.8608	0.8618	0.8625
Fibonacci	0.8584	0.8591	0.8595	0.8601	0.8608	0.8612	0.8618

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8498	0.8527	0.8563	0.8592	0.8628	0.8657	0.8693
Camarilla	0.8581	0.8587	0.8593	0.8599	0.8605	0.8611	0.8617
Woodie	0.8502	0.8529	0.8567	0.8594	0.8632	0.8659	0.8697
Fibonacci	0.8527	0.8552	0.8567	0.8592	0.8617	0.8632	0.8657

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8368	0.8445	0.8492	0.8569	0.8616	0.8693	0.8740
Camarilla	0.8506	0.8517	0.8529	0.8540	0.8551	0.8563	0.8574
Woodie	0.8354	0.8438	0.8478	0.8562	0.8602	0.8686	0.8726
Fibonacci	0.8445	0.8492	0.8521	0.8569	0.8616	0.8645	0.8693

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):	59.52
MACD (12,26,9):	0.0000
Directional Movement:	8.0555
AROON (14):	-71.4285
DEMA (21):	0.8602
Parabolic SAR (0,02-0,02-0,2):	0.8609
Elder Ray (13):	0.0004
Super Trend (3,10):	0.8595
Zig ZAG (10):	0.8607
VORTEX (21):	1.0278
Stochastique (14,3,5):	68.89
TEMA (21):	0.8602
Williams %R (14):	-20.00
Chande Momentum Oscillator (20):	0.0006
Repulse (5,40,3):	0.0648
ROCnROLL:	1
TRIX (15,9):	-0.0016
Courbe Coppock:	0.04

MA7:	0.8595
MA20:	0.8579
MA50:	0.8564
MA100:	0.8570
MAexp7:	0.8603
MAexp20:	0.8602
MAexp50:	0.8602
MAexp100:	0.8597
Price / MA7:	+0.14%
Price / MA20:	+0.33%
Price / MA50:	+0.50%
Price / MA100:	+0.43%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.05%
Price / MAexp100:	+0.10%

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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