EUR/GBP - 1H - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 0.8585 GBP
My targets
0.8558 GBP (-0.13%)
0.8500 GBP (-0.81%)
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 0.8585 GBP. Crossing the first support at 0.8558 GBP would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.8500 GBP as an objective. Crossing it would then enable sellers to target 0.8359 GBP. Caution, a return to above the resistance located at 0.8585 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
4.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/GBP rating is 0.8569 GBP. The price registered an increase of +0.01% on the session and was between 0.8562 GBP and 0.8575 GBP. This implies that the price is at +0.08% from its lowest and at -0.07% from its highest.0.8562
0.8575
0.8569
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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
Technical analysis of this 1H chart of EUR/GBP indicates that the overall trend is strongly bearish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8359 | 0.8500 | 0.8558 | 0.8569 | 0.8585 | 0.8606 | 0.8630 |
| Change (%) | -2.45% | -0.81% | -0.13% | - | +0.19% | +0.43% | +0.71% |
| Change | -0.0210 | -0.0069 | -0.0011 | - | +0.0016 | +0.0037 | +0.0061 |
| Level | Major | Intermediate | Intermediate | - | Minor | 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 | 0.8501 | 0.8529 | 0.8549 | 0.8577 | 0.8597 | 0.8625 | 0.8645 |
| Camarilla | 0.8555 | 0.8559 | 0.8564 | 0.8568 | 0.8572 | 0.8577 | 0.8581 |
| Woodie | 0.8496 | 0.8527 | 0.8544 | 0.8575 | 0.8592 | 0.8623 | 0.8640 |
| Fibonacci | 0.8529 | 0.8548 | 0.8559 | 0.8577 | 0.8596 | 0.8607 | 0.8625 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8514 | 0.8549 | 0.8587 | 0.8622 | 0.8660 | 0.8695 | 0.8733 |
| Camarilla | 0.8604 | 0.8611 | 0.8617 | 0.8624 | 0.8631 | 0.8637 | 0.8644 |
| Woodie | 0.8515 | 0.8550 | 0.8588 | 0.8623 | 0.8661 | 0.8696 | 0.8734 |
| Fibonacci | 0.8549 | 0.8577 | 0.8594 | 0.8622 | 0.8650 | 0.8667 | 0.8695 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8013 | 0.8294 | 0.8458 | 0.8739 | 0.8903 | 0.9184 | 0.9348 |
| Camarilla | 0.8500 | 0.8540 | 0.8581 | 0.8622 | 0.8663 | 0.8704 | 0.8744 |
| Woodie | 0.7955 | 0.8265 | 0.8400 | 0.8710 | 0.8845 | 0.9155 | 0.9290 |
| Fibonacci | 0.8294 | 0.8464 | 0.8569 | 0.8739 | 0.8909 | 0.9014 | 0.9184 |
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): | 43.27 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -11.5421 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 0.8565 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8576 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 0.8586 | |
| Zig ZAG (10): | 0.8568 | |
| VORTEX (21): | 0.8684 | |
| Stochastique (14,3,5): | 38.60 | |
| TEMA (21): | 0.8566 | |
| Williams %R (14): | -43.75 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | -0.0213 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0075 | |
| Courbe Coppock: | 0.07 |
| MA7: | 0.8596 | |
| MA20: | 0.8618 | |
| MA50: | 0.8768 | |
| MA100: | 0.8918 | |
| MAexp7: | 0.8568 | |
| MAexp20: | 0.8571 | |
| MAexp50: | 0.8581 | |
| MAexp100: | 0.8592 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -2.27% | |
| Price / MA100: | -3.91% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.27% |
News
The last news published on EUR/GBP at the time of the generation of this analysis was as follows:
-
Weekly Technical Analysis: 11/11/2019 - USDJPY, USDCHF, EURGBP
-
Weekly Technical Analysis: 02/10/2019 - EURUSD, EURGBP, GER30 Index
-
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)
This member declared not having a position on this financial instrument or a related financial instrument.
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