EUR/GBP - 1H - Technical analysis published on 01/16/2020 (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:
Bearish
De fond:
Slightly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.8566 GBP
My targets
0.8538 GBP (-0.0009)
0.8500 GBP (-0.0047)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. 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 0.8566 GBP. The next bearish objective for sellers is set at 0.8538 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8500 GBP. In case of crossing, the next objective would be the support located at 0.8479 GBP. In the event of a bullish break in the resistance located at 0.8566 GBP a certain indecision would take hold.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
4.1
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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
EUR/GBP rating 0.8547 GBP. The price is lower by -0.07% since the last closing and was between 0.8540 GBP and 0.8562 GBP. This implies that the price is at +0.08% from its lowest and at -0.18% from its highest.0.8540
0.8562
0.8547
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/GBP:
Technical
A technical analysis in 1H of this EUR/GBP chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.8479 | 0.8500 | 0.8538 | 0.8547 | 0.8554 | 0.8566 | 0.8578 |
| Change (%) | -0.80% | -0.55% | -0.11% | - | +0.08% | +0.22% | +0.36% |
| Change | -0.0068 | -0.0047 | -0.0009 | - | +0.0007 | +0.0019 | +0.0031 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8493 | 0.8515 | 0.8534 | 0.8556 | 0.8575 | 0.8597 | 0.8616 |
| Camarilla | 0.8542 | 0.8546 | 0.8549 | 0.8553 | 0.8557 | 0.8561 | 0.8564 |
| Woodie | 0.8492 | 0.8514 | 0.8533 | 0.8555 | 0.8574 | 0.8596 | 0.8615 |
| Fibonacci | 0.8515 | 0.8531 | 0.8540 | 0.8556 | 0.8572 | 0.8581 | 0.8597 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8376 | 0.8415 | 0.8466 | 0.8505 | 0.8556 | 0.8595 | 0.8646 |
| Camarilla | 0.8491 | 0.8500 | 0.8508 | 0.8516 | 0.8524 | 0.8533 | 0.8541 |
| Woodie | 0.8381 | 0.8418 | 0.8471 | 0.8508 | 0.8561 | 0.8598 | 0.8651 |
| Fibonacci | 0.8415 | 0.8450 | 0.8471 | 0.8505 | 0.8540 | 0.8561 | 0.8595 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7976 | 0.8126 | 0.8291 | 0.8441 | 0.8606 | 0.8756 | 0.8921 |
| Camarilla | 0.8368 | 0.8397 | 0.8426 | 0.8455 | 0.8484 | 0.8513 | 0.8542 |
| Woodie | 0.7983 | 0.8130 | 0.8298 | 0.8445 | 0.8613 | 0.8760 | 0.8928 |
| Fibonacci | 0.8126 | 0.8247 | 0.8321 | 0.8441 | 0.8562 | 0.8636 | 0.8756 |
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): | 41.03 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -0.1688 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 0.8547 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8563 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 0.8540 | |
| Zig ZAG (10): | 0.8544 | |
| VORTEX (21): | 0.8764 | |
| Stochastique (14,3,5): | 24.24 | |
| TEMA (21): | 0.8545 | |
| Williams %R (14): | -81.82 | |
| Chande Momentum Oscillator (20): | -0.0004 | |
| Repulse (5,40,3): | -0.0745 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0032 | |
| Courbe Coppock: | 0.28 |
| MA7: | 0.8531 | |
| MA20: | 0.8525 | |
| MA50: | 0.8515 | |
| MA100: | 0.8660 | |
| MAexp7: | 0.8547 | |
| MAexp20: | 0.8551 | |
| MAexp50: | 0.8552 | |
| MAexp100: | 0.8545 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | +0.38% | |
| Price / MA100: | -1.30% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | +0.02% |
News
The latest news and videos published on EUR/GBP at the time of the analysis were as follows:
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Weekly Technical Analysis: 02/12/2019 - USDCHF, NZDJPY, EURGBP
-
Weekly Technical Analysis: 11/11/2019 - USDJPY, USDCHF, EURGBP
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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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