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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 - 1H - Technical analysis published on 03/22/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.9233 GBP
My targets
0.9310 GBP (+0.0067)
0.9440 GBP (+0.0197)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/GBP as long as the price remains well above 0.9233 GBP. The buyers” bullish objective is set at 0.9310 GBP. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9440 GBP. If there is any crossing, the next objective would be the resistance located at 0.9501 GBP. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.9

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.

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

Additional analysis

Quotes

The EUR/GBP rating is 0.9243 GBP. The price registered an increase of +0.29% on the session and was between 0.9158 GBP and 0.9248 GBP. This implies that the price is at +0.93% from its lowest and at -0.05% from its highest.

0.9158
0.9248
0.9243

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/GBP:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Abnormal volumes on EUR/GBP were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


A technical analysis in 1H of this EUR/GBP chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

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 resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.8845 0.8930 0.9090 0.9243 0.9310 0.9440 0.9501
Change (%) -4.31% -3.39% -1.66% - +0.72% +2.13% +2.79%
Change -0.0398 -0.0313 -0.0153 - +0.0067 +0.0197 +0.0258
Level Minor Intermediate Major - Major Minor 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
Standard0.87570.88770.90460.91660.93350.94550.9624
Camarilla0.91370.91630.91900.92160.92430.92690.9296
Woodie0.87830.88890.90720.91780.93610.94670.9650
Fibonacci0.88770.89870.90550.91660.92760.93440.9455


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.84480.87150.89660.92330.94840.97511.0002
Camarilla0.90740.91210.91690.92160.92640.93110.9358
Woodie0.84390.87110.89570.92290.94750.97470.9993
Fibonacci0.87150.89130.90360.92330.94310.95540.9751


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.80150.81490.83750.85090.87350.88690.9095
Camarilla0.85030.85360.85690.86020.86350.86680.8701
Woodie0.80620.81720.84220.85320.87820.88920.9142
Fibonacci0.81490.82860.83710.85090.86460.87310.8869

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): 55.57
MACD (12,26,9): -0.0004
Directional Movement: 4.8785
AROON (14): 71.4286
DEMA (21): 0.9169
Parabolic SAR (0,02-0,02-0,2): 0.9066
Elder Ray (13): 0.0050
Super Trend (3,10): 0.9059
Zig ZAG (10): 0.9247
VORTEX (21): 0.9711
Stochastique (14,3,5): 88.08
TEMA (21): 0.9190
Williams %R (14): -1.59
Chande Momentum Oscillator (20): 0.0150
Repulse (5,40,3): 1.0621
ROCnROLL: 1
TRIX (15,9): -0.0420
Courbe Coppock: 1.48
MA7: 0.9198
MA20: 0.8845
MA50: 0.8600
MA100: 0.8559
MAexp7: 0.9202
MAexp20: 0.9183
MAexp50: 0.9206
MAexp100: 0.9178
Price / MA7: +0.49%
Price / MA20: +4.50%
Price / MA50: +7.48%
Price / MA100: +7.99%
Price / MAexp7: +0.45%
Price / MAexp20: +0.65%
Price / MAexp50: +0.40%
Price / MAexp100: +0.71%

News


Don"t forget to follow the news on EUR/GBP. At the time of publication of this analysis, the latest news was as follows:

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

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