EUR/GBP
EUR GBP
- GBP (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURGBP
ISIN:

EUR/GBP - 1H - Technical analysis published on 12/16/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.8359 GBP
My targets
0.8277 GBP (-0.0054)
0.8142 GBP (-0.0189)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.8359 GBP remains possible. It is advisable to trade EUR/GBP with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.8359 GBP. The next bearish objective for sellers is set at 0.8277 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8142 GBP. In case of crossing, the next objective would be the support located at 0.8089 GBP. PS: if there is a bullish break in the resistance located at 0.8359 GBP we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
3

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/GBP rating is 0.8331 GBP. On the day, this instrument lost -0.06% and was traded between 0.8302 GBP and 0.8345 GBP over the period. The price is currently at +0.35% from its lowest and -0.17% from its highest.

0.8302
0.8345
0.8331

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this EUR/GBP chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.7907 0.8089 0.8277 0.8331 0.8332 0.8359 0.8430
Change (%) -5.09% -2.90% -0.65% - +0.01% +0.34% +1.19%
Change -0.0424 -0.0242 -0.0054 - +0.0001 +0.0028 +0.0099
Level Minor Minor Major - Minor Major Major



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
Standard0.81680.82230.82790.83340.83900.84450.8501
Camarilla0.83060.83160.83260.83360.83460.83560.8367
Woodie0.81700.82230.82810.83340.83920.84450.8503
Fibonacci0.82230.82650.82910.83340.83760.84020.8445


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.80070.81420.82390.83740.84710.86060.8703
Camarilla0.82720.82940.83150.83360.83570.83790.8400
Woodie0.79880.81330.82200.83650.84520.85970.8684
Fibonacci0.81420.82310.82850.83740.84630.85170.8606


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.82990.83990.84580.85580.86170.87170.8776
Camarilla0.84730.84880.85020.85170.85320.85460.8561
Woodie0.82790.83890.84380.85480.85970.87070.8756
Fibonacci0.83990.84600.84970.85580.86190.86560.8717

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 45.45
MACD (12,26,9): -0.0011
Directional Movement: -11.6024
AROON (14): -64.2857
DEMA (21): 0.8314
Parabolic SAR (0,02-0,02-0,2): 0.8385
Elder Ray (13): 0.0001
Super Trend (3,10): 0.8297
Zig ZAG (10): 0.8326
VORTEX (21): 0.9203
Stochastique (14,3,5): 37.21
TEMA (21): 0.8317
Williams %R (14): -41.86
Chande Momentum Oscillator (20): -0.0009
Repulse (5,40,3): 0.1722
ROCnROLL: -1
TRIX (15,9): -0.0196
Courbe Coppock: 0.58
MA7: 0.8383
MA20: 0.8481
MA50: 0.8584
MA100: 0.8805
MAexp7: 0.8321
MAexp20: 0.8329
MAexp50: 0.8354
MAexp100: 0.8381
Price / MA7: -0.62%
Price / MA20: -1.77%
Price / MA50: -2.95%
Price / MA100: -5.38%
Price / MAexp7: +0.12%
Price / MAexp20: +0.02%
Price / MAexp50: -0.28%
Price / MAexp100: -0.60%

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

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