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EUR/GBP
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 12/18/2019 (GMT)

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Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 0.8592 GBP
My targets
0.8359 GBP (-0.0140)
0.8089 GBP (-0.0410)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/GBP. As long as you are under the resistance located at 0.8592 GBP, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.8359 GBP would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.8089 GBP as an objective. Crossing it would then enable sellers to target 0.7777 GBP. If the resistance 0.8592 GBP were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

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
2

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.

Frederico Pereira
This analysis was given by Frederico Pereira. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The EUR/GBP price is 0.8499 GBP. The price registered an increase of +0.01% on the session and was between 0.8484 GBP and 0.8518 GBP. This implies that the price is at +0.18% from its lowest and at -0.22% from its highest.

0.8484
0.8518
0.8499

Here is a more detailed summary of the historical variations registered by EUR/GBP:
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


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. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily



In fact, 10 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



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 : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.7777 0.8089 0.8359 0.8499 0.8500 0.8592 0.8761
Change (%) -8.50% -4.82% -1.65% - +0.01% +1.09% +3.08%
Change -0.0722 -0.0410 -0.0140 - +0.0001 +0.0093 +0.0262
Level Major Minor Major - Intermediate Major Major



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
Standard0.82850.83330.84150.84630.85450.85930.8675
Camarilla0.84620.84740.84860.84980.85100.85220.8534
Woodie0.83030.83420.84330.84720.85630.86020.8693
Fibonacci0.83330.83820.84130.84630.85120.85430.8593


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 50.03
MACD (12,26,9): -0.0047
Directional Movement: -4.0669
AROON (14): -64.2857
DEMA (21): 0.8405
Parabolic SAR (0,02-0,02-0,2): 0.8282
Elder Ray (13): 0.0052
Super Trend (3,10): 0.8546
Zig ZAG (10): 0.8498
VORTEX (21): 0.9597
Stochastique (14,3,5): 62.04
TEMA (21): 0.8411
Williams %R (14): -25.84
Chande Momentum Oscillator (20): -0.0062
Repulse (5,40,3): 1.0650
ROCnROLL: -1
TRIX (15,9): -0.0913
Courbe Coppock: 2.84
MA7: 0.8415
MA20: 0.8477
MA50: 0.8566
MA100: 0.8793
MAexp7: 0.8440
MAexp20: 0.8472
MAexp50: 0.8577
MAexp100: 0.8688
Price / MA7: +1.00%
Price / MA20: +0.26%
Price / MA50: -0.78%
Price / MA100: -3.34%
Price / MAexp7: +0.70%
Price / MAexp20: +0.32%
Price / MAexp50: -0.91%
Price / MAexp100: -2.18%

News


The latest news and videos published on EUR/GBP at the time of the analysis were as follows:

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

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