EUR/GBP

- GBP (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 05/14/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

17%

44%

39%

My opinion

Bearish under 0.8609 GBP

My targets

0.8578 GBP (-0.0014)

0.8562 GBP (-0.0030)

My analysis

The bearish basic trend is very strong on EUR/GBP but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.8609 GBP. Crossing the first support at 0.8578 GBP would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.8562 GBP as an objective. Crossing it would then enable sellers to target 0.8546 GBP. Caution, a return to above the resistance located at 0.8609 GBP would be a sign of a possible consolidation phase of the short-term basic trend. 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

5.9

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

The EUR/GBP price is 0.8592 GBP. The price registered an increase of +0.00% on the session and was traded between 0.8587 GBP and 0.8615 GBP over the period. The price is currently at +0.06% from its lowest and -0.27% from its highest.

0.8587

0.8615

0.8592

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

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

A technical analysis in 1H of this EUR/GBP chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly 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.

The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8562	0.8578	0.8590	0.8592	0.8596	0.8609	0.8621
Change (%)	-0.35%	-0.16%	-0.02%	-	+0.05%	+0.20%	+0.34%
Change	-0.0030	-0.0014	-0.0002	-	+0.0004	+0.0017	+0.0029
Level	Intermediate	Minor	Intermediate	-	Intermediate	Intermediate	Minor

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	0.8561	0.8575	0.8583	0.8597	0.8605	0.8619	0.8627
Camarilla	0.8586	0.8588	0.8590	0.8592	0.8594	0.8596	0.8598
Woodie	0.8559	0.8574	0.8581	0.8596	0.8603	0.8618	0.8625
Fibonacci	0.8575	0.8583	0.8588	0.8597	0.8605	0.8610	0.8619

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

Technical indicators

Moving averages

RSI (14):	44.61
MACD (12,26,9):	-0.0001
Directional Movement:	7.4170
AROON (14):	7.1429
DEMA (21):	0.8595
Parabolic SAR (0,02-0,02-0,2):	0.8612
Elder Ray (13):	0
Super Trend (3,10):	0.8586
Zig ZAG (10):	0.8593
VORTEX (21):	1.0072
Stochastique (14,3,5):	13.68
TEMA (21):	0.8595
Williams %R (14):	-95.83
Chande Momentum Oscillator (20):	-0.0012
Repulse (5,40,3):	-0.0955
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.00

MA7:	0.8595
MA20:	0.8580
MA50:	0.8565
MA100:	0.8569
MAexp7:	0.8594
MAexp20:	0.8595
MAexp50:	0.8597
MAexp100:	0.8596
Price / MA7:	-0.03%
Price / MA20:	+0.14%
Price / MA50:	+0.32%
Price / MA100:	+0.27%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.03%
Price / MAexp50:	-0.06%
Price / MAexp100:	-0.05%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/GBP at the time of the analysis were as follows:

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

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