EUR/GBP - 1H - Technical analysis published on 12/21/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.8500 GBP
My targets
0.8557 GBP (+0.0036)
0.8592 GBP (+0.0071)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/GBP as long as the price remains well above 0.8500 GBP. The buyers” bullish objective is set at 0.8557 GBP. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8592 GBP. If there is any crossing, the next objective would be the resistance located at 0.8761 GBP. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
6.6
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 Frederico Pereira. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/GBP price is 0.8521 GBP. On the day, this instrument lost -0.28% with the lowest point at 0.8477 GBP and the highest point at 0.8549 GBP. The deviation from the price is +0.52% for the low point and -0.33% for the high point.0.8477
0.8549
0.8521
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 10 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 : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8412 | 0.8476 | 0.8500 | 0.8521 | 0.8557 | 0.8592 | 0.8761 |
| Change (%) | -1.28% | -0.53% | -0.25% | - | +0.42% | +0.83% | +2.82% |
| Change | -0.0109 | -0.0045 | -0.0021 | - | +0.0036 | +0.0071 | +0.0240 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8414 | 0.8445 | 0.8495 | 0.8526 | 0.8576 | 0.8607 | 0.8657 |
| Camarilla | 0.8523 | 0.8530 | 0.8538 | 0.8545 | 0.8552 | 0.8560 | 0.8567 |
| Woodie | 0.8424 | 0.8450 | 0.8505 | 0.8531 | 0.8586 | 0.8612 | 0.8667 |
| Fibonacci | 0.8445 | 0.8476 | 0.8495 | 0.8526 | 0.8557 | 0.8576 | 0.8607 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.39 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -0.0203 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.8512 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8478 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 0.8536 | |
| Zig ZAG (10): | 0.8521 | |
| VORTEX (21): | 0.8945 | |
| Stochastique (14,3,5): | 56.19 | |
| TEMA (21): | 0.8505 | |
| Williams %R (14): | -37.14 | |
| Chande Momentum Oscillator (20): | -0.0007 | |
| Repulse (5,40,3): | 0.1521 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0065 | |
| Courbe Coppock: | 0.63 |
| MA7: | 0.8441 | |
| MA20: | 0.8472 | |
| MA50: | 0.8556 | |
| MA100: | 0.8781 | |
| MAexp7: | 0.8512 | |
| MAexp20: | 0.8516 | |
| MAexp50: | 0.8512 | |
| MAexp100: | 0.8489 | |
| Price / MA7: | +0.95% | |
| Price / MA20: | +0.58% | |
| Price / MA50: | -0.41% | |
| Price / MA100: | -2.96% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.38% |
News
The last news published on EUR/GBP at the time of the generation of this analysis was 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
-
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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