EUR/GBP - 15 min. - Technical analysis published on 09/22/2019 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.8821 GBP
My targets
0.8855 GBP (+0.24%)
0.8881 GBP (+0.53%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/GBP as long as the price remains well above 0.8821 GBP. The buyers” bullish objective is set at 0.8855 GBP. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8881 GBP. If there is any crossing, the next objective would be the resistance located at 0.8915 GBP. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.1
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/GBP rating 0.8834 GBP. The price has increased by +0.05% since the last closing with the lowest point at 0.8827 GBP and the highest point at 0.8840 GBP. The deviation from the price is +0.08% for the low point and -0.07% for the high point.0.8827
0.8840
0.8834
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
Here is a more detailed summary of the historical variations registered by EUR/GBP:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this EUR/GBP chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.8834 | 0.8847 | 0.8894 | 0.8923 |
| Change (%) | -0.54% | -0.34% | -0.09% | - | +0.15% | +0.68% | +1.01% |
| Change | -0.0048 | -0.0030 | -0.0008 | - | +0.0013 | +0.0060 | +0.0089 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | 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 | 0.8735 | 0.8761 | 0.8795 | 0.8821 | 0.8855 | 0.8881 | 0.8915 |
| Camarilla | 0.8814 | 0.8819 | 0.8825 | 0.8830 | 0.8836 | 0.8841 | 0.8847 |
| Woodie | 0.8740 | 0.8763 | 0.8800 | 0.8823 | 0.8860 | 0.8883 | 0.8920 |
| Fibonacci | 0.8761 | 0.8784 | 0.8798 | 0.8821 | 0.8844 | 0.8858 | 0.8881 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8661 | 0.8723 | 0.8777 | 0.8839 | 0.8893 | 0.8955 | 0.9009 |
| Camarilla | 0.8798 | 0.8809 | 0.8819 | 0.8830 | 0.8841 | 0.8851 | 0.8862 |
| Woodie | 0.8656 | 0.8721 | 0.8772 | 0.8837 | 0.8888 | 0.8953 | 0.9004 |
| Fibonacci | 0.8723 | 0.8768 | 0.8795 | 0.8839 | 0.8884 | 0.8911 | 0.8955 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.60 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 3.1255 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 0.8837 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8839 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.8818 | |
| Zig ZAG (10): | 0.8834 | |
| VORTEX (21): | 1.1077 | |
| Stochastique (14,3,5): | 71.79 | |
| TEMA (21): | 0.8838 | |
| Williams %R (14): | -38.46 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0178 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0064 | |
| Courbe Coppock: | 0.12 |
| MA7: | 0.8843 | |
| MA20: | 0.8950 | |
| MA50: | 0.9049 | |
| MA100: | 0.8955 | |
| MAexp7: | 0.8835 | |
| MAexp20: | 0.8832 | |
| MAexp50: | 0.8827 | |
| MAexp100: | 0.8826 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -1.30% | |
| Price / MA50: | -2.38% | |
| Price / MA100: | -1.35% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.09% |
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:
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Weekly Technical Analysis: 05/08/2019 - USDJPY, USDCHF, EURGBP
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Weekly Technical Analysis: 03/06/2019 - USDJPY, EURGBP, USDCAD
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This member declared not having a position on this financial instrument or a related financial instrument.
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