EUR/GBP - 15 min. - Technical analysis published on 09/22/2019 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.8784 GBP
My targets
0.8839 GBP (+0.10%)
0.8874 GBP (+0.50%)
My analysis
The bullish trend is currently very strong on EUR/GBP. As long as the price remains above the support at 0.8784 GBP, you could try to benefit from the boom. The first bullish objective is located at 0.8839 GBP. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8874 GBP as an objective. Crossing it would then enable buyers to target 0.8929 GBP. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.7
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/GBP price is 0.8830 GBP. On the day, this instrument gained +0.13% with the lowest point at 0.8786 GBP and the highest point at 0.8846 GBP. The deviation from the price is +0.50% for the low point and -0.18% for the high point.0.8786
0.8846
0.8830
Here is a more detailed summary of the historical variations registered by EUR/GBP:
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 EUR/GBP in 15 min. shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
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 : 15 minutes
Near resistance of triangle
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8786 | 0.8804 | 0.8826 | 0.8830 | 0.8847 | 0.8894 | 0.8923 |
| Change (%) | -0.50% | -0.29% | -0.05% | - | +0.19% | +0.72% | +1.05% |
| Change | -0.0044 | -0.0026 | -0.0004 | - | +0.0017 | +0.0064 | +0.0093 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8694 | 0.8749 | 0.8784 | 0.8839 | 0.8874 | 0.8929 | 0.8964 |
| Camarilla | 0.8794 | 0.8803 | 0.8811 | 0.8819 | 0.8827 | 0.8836 | 0.8844 |
| Woodie | 0.8684 | 0.8744 | 0.8774 | 0.8834 | 0.8864 | 0.8924 | 0.8954 |
| Fibonacci | 0.8749 | 0.8783 | 0.8805 | 0.8839 | 0.8873 | 0.8895 | 0.8929 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7779 | 0.7825 | 0.7850 | 0.7896 | 0.7921 | 0.7967 | 0.7992 |
| Camarilla | 0.7856 | 0.7862 | 0.7869 | 0.7875 | 0.7882 | 0.7888 | 0.7895 |
| Woodie | 0.7769 | 0.7820 | 0.7840 | 0.7891 | 0.7911 | 0.7962 | 0.7982 |
| Fibonacci | 0.7825 | 0.7852 | 0.7869 | 0.7896 | 0.7923 | 0.7940 | 0.7967 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8618 | 0.8817 | 0.8927 | 0.9126 | 0.9236 | 0.9435 | 0.9545 |
| Camarilla | 0.8952 | 0.8980 | 0.9009 | 0.9037 | 0.9065 | 0.9094 | 0.9122 |
| Woodie | 0.8574 | 0.8795 | 0.8883 | 0.9104 | 0.9192 | 0.9413 | 0.9501 |
| Fibonacci | 0.8817 | 0.8935 | 0.9008 | 0.9126 | 0.9244 | 0.9317 | 0.9435 |
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): | 55.58 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 13.0757 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 0.8832 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8824 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 0.8814 | |
| Zig ZAG (10): | 0.8830 | |
| VORTEX (21): | 1.2190 | |
| Stochastique (14,3,5): | 74.46 | |
| TEMA (21): | 0.8834 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | -0.1017 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0049 | |
| Courbe Coppock: | 0.33 |
| MA7: | 0.8850 | |
| MA20: | 0.8953 | |
| MA50: | 0.9050 | |
| MA100: | 0.8956 | |
| MAexp7: | 0.8831 | |
| MAexp20: | 0.8827 | |
| MAexp50: | 0.8823 | |
| MAexp100: | 0.8824 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -1.37% | |
| Price / MA50: | -2.43% | |
| Price / MA100: | -1.41% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.07% |
News
The latest news and videos published on EUR/GBP at the time of the analysis were as follows:
-
GBPUSD Nudges Higher, EURGBP Drifts, FTSE Battles 200-dma - Webinar
-
Weekly Technical Analysis: 05/08/2019 - USDJPY, USDCHF, EURGBP
-
EURGBP Has Matched a Record Weekly Rally as Resistance Approaches, Now What? (Quick Take Video)
-
Weekly Technical Analysis: 03/06/2019 - USDJPY, EURGBP, USDCAD
-
Dow Gaps Higher Amid Trade War and GDP Downgrade, EURGBP Notches 13 Days (Trading Video)
This member declared not having a position on this financial instrument or a related financial instrument.
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