EUR/GBP

- GBP (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURGBP
ISIN:

EUR/GBP - Daily - Technical analysis published on 09/23/2019 (GMT)

Who voted?
146
0

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 0.8966 GBP

My targets

0.8826 GBP (-0.03%)

0.8761 GBP (-0.77%)

My analysis

EUR/GBP is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.8966 GBP. The next support located at 0.8826 GBP is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.8761 GBP. Below this support, sellers could then target 0.8669 GBP.

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

FORCE

5.5

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/GBP rating 0.8829 GBP. The price is lower by -0.08% since the last closing and was traded between 0.8823 GBP and 0.8838 GBP over the period. The price is currently at +0.07% from its lowest and -0.10% from its highest.

0.8823

0.8838

0.8829

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 result:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of EUR/GBP indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

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 support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8669	0.8761	0.8826	0.8829	0.8966	0.9081	0.9177
Change (%)	-1.81%	-0.77%	-0.03%	-	+1.55%	+2.85%	+3.94%
Change	-0.0160	-0.0068	-0.0003	-	+0.0137	+0.0252	+0.0348
Level	Minor	Intermediate	Intermediate	-	Major	Major	Minor

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	0.8816	0.8821	0.8829	0.8834	0.8842	0.8847	0.8855
Camarilla	0.8832	0.8834	0.8835	0.8836	0.8837	0.8838	0.8840
Woodie	0.8817	0.8822	0.8830	0.8835	0.8843	0.8848	0.8856
Fibonacci	0.8821	0.8826	0.8829	0.8834	0.8839	0.8842	0.8847

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):	32.81
MACD (12,26,9):	-0.0068
Directional Movement:	-14.3303
AROON (14):	-85.7143
DEMA (21):	0.8840
Parabolic SAR (0,02-0,02-0,2):	0.8872
Elder Ray (13):	-0.0056
Super Trend (3,10):	0.9015
Zig ZAG (10):	0.8830
VORTEX (21):	0.8336
Stochastique (14,3,5):	15.66
TEMA (21):	0.8792
Williams %R (14):	-82.04
Chande Momentum Oscillator (20):	-0.0145
Repulse (5,40,3):	-0.2716
ROCnROLL:	2
TRIX (15,9):	-0.0981
Courbe Coppock:	4.16

MA7:	0.8839
MA20:	0.8940
MA50:	0.9044
MA100:	0.8958
MAexp7:	0.8848
MAexp20:	0.8924
MAexp50:	0.8979
MAexp100:	0.8947
Price / MA7:	-0.11%
Price / MA20:	-1.24%
Price / MA50:	-2.38%
Price / MA100:	-1.44%
Price / MAexp7:	-0.21%
Price / MAexp20:	-1.06%
Price / MAexp50:	-1.67%
Price / MAexp100:	-1.32%

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.

About author

Londinia AI

Online

Overall rating :

15111

Number of analyses :

72886

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…