EUR/GBP - Daily - Technical analysis published on 12/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
17%
22%
My opinion
Bearish under 0.8592 GBP
My targets
0.8500 GBP (-0.0052)
0.8359 GBP (-0.0193)
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 0.8592 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 0.8592 GBP. The next bearish objective for sellers is set at 0.8500 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8359 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 0.8592 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.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
1.8
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This analysis was given by Frederico Pereira. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/GBP rating 0.8552 GBP. On the day, this instrument gained +0.67% and was traded between 0.8476 GBP and 0.8557 GBP over the period. The price is currently at +0.90% from its lowest and -0.06% from its highest.0.8476
0.8557
0.8552
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 Daily chart of EUR/GBP indicates that the overall trend is bearish. The signals given by moving averages are 75% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8089 | 0.8359 | 0.8500 | 0.8552 | 0.8592 | 0.8761 | 0.8996 |
| Change (%) | -5.41% | -2.26% | -0.61% | - | +0.47% | +2.44% | +5.19% |
| Change | -0.0463 | -0.0193 | -0.0052 | - | +0.0040 | +0.0209 | +0.0444 |
| Level | Minor | Major | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8446 | 0.8465 | 0.8480 | 0.8499 | 0.8514 | 0.8533 | 0.8548 |
| Camarilla | 0.8486 | 0.8489 | 0.8492 | 0.8495 | 0.8498 | 0.8501 | 0.8504 |
| Woodie | 0.8444 | 0.8464 | 0.8478 | 0.8498 | 0.8512 | 0.8532 | 0.8546 |
| Fibonacci | 0.8465 | 0.8478 | 0.8486 | 0.8499 | 0.8512 | 0.8520 | 0.8533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8007 | 0.8142 | 0.8239 | 0.8374 | 0.8471 | 0.8606 | 0.8703 |
| Camarilla | 0.8272 | 0.8294 | 0.8315 | 0.8336 | 0.8357 | 0.8379 | 0.8400 |
| Woodie | 0.7988 | 0.8133 | 0.8220 | 0.8365 | 0.8452 | 0.8597 | 0.8684 |
| Fibonacci | 0.8142 | 0.8231 | 0.8285 | 0.8374 | 0.8463 | 0.8517 | 0.8606 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8299 | 0.8399 | 0.8458 | 0.8558 | 0.8617 | 0.8717 | 0.8776 |
| Camarilla | 0.8473 | 0.8488 | 0.8502 | 0.8517 | 0.8532 | 0.8546 | 0.8561 |
| Woodie | 0.8279 | 0.8389 | 0.8438 | 0.8548 | 0.8597 | 0.8707 | 0.8756 |
| Fibonacci | 0.8399 | 0.8460 | 0.8497 | 0.8558 | 0.8619 | 0.8656 | 0.8717 |
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): | 55.01 | |
| MACD (12,26,9): | -0.0035 | |
| Directional Movement: | 0.1511 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 0.8424 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8291 | |
| Elder Ray (13): | 0.0054 | |
| Super Trend (3,10): | 0.8287 | |
| Zig ZAG (10): | 0.8550 | |
| VORTEX (21): | 0.9399 | |
| Stochastique (14,3,5): | 79.64 | |
| TEMA (21): | 0.8441 | |
| Williams %R (14): | -8.39 | |
| Chande Momentum Oscillator (20): | 0.0024 | |
| Repulse (5,40,3): | 1.6142 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0860 | |
| Courbe Coppock: | 2.01 |
| MA7: | 0.8429 | |
| MA20: | 0.8476 | |
| MA50: | 0.8560 | |
| MA100: | 0.8787 | |
| MAexp7: | 0.8467 | |
| MAexp20: | 0.8479 | |
| MAexp50: | 0.8576 | |
| MAexp100: | 0.8686 | |
| Price / MA7: | +1.46% | |
| Price / MA20: | +0.90% | |
| Price / MA50: | -0.09% | |
| Price / MA100: | -2.67% | |
| Price / MAexp7: | +1.00% | |
| Price / MAexp20: | +0.86% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -1.54% |
News
The latest news and videos published on EUR/GBP at the time of the analysis were as follows:
-
Weekly Technical Analysis: 02/12/2019 - USDCHF, NZDJPY, EURGBP
-
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
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Weekly Technical Analysis: 05/08/2019 - USDJPY, USDCHF, EURGBP
This member declared not having a position on this financial instrument or a related financial instrument.
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