Londinia Opportunities Analyses - 06/08/2023 (GMT) EUR/GBP - 1H

- GBP (-)

- Real time data - Forex

Type:	Forex
Ticker:	EURGBP
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

78%

17%

My opinion

Bearish under 0.8598 GBP

My targets

0.8567 GBP (-0.0020)

0.8492 GBP (-0.0095)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/GBP as long as the price remains well below 0.8598 GBP. The sellers' bearish objective is set at 0.8567 GBP. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8492 GBP. In case of crossing, the next objective would be the support located at 0.8310 GBP. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

8.4

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

EUR/GBP rating 0.8587 GBP. On the day, this instrument lost -0.19% and was between 0.8585 GBP and 0.8614 GBP. This implies that the price is at +0.02% from its lowest and at -0.31% from its highest.

0.8585

0.8614

0.8587

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of EUR/GBP indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is high given the direction of the technical indicators.
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

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8310	0.8567	0.8579	0.8587	0.8598	0.8613	0.8644
Change (%)	-3.23%	-0.23%	-0.09%	-	+0.13%	+0.30%	+0.66%
Change	-0.0277	-0.0020	-0.0008	-	+0.0011	+0.0026	+0.0057
Level	Major	Minor	Major	-	Minor	Major	Intermediate

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	0.8558	0.8571	0.8587	0.8600	0.8616	0.8629	0.8645
Camarilla	0.8595	0.8598	0.8600	0.8603	0.8606	0.8608	0.8611
Woodie	0.8560	0.8572	0.8589	0.8601	0.8618	0.8630	0.8647
Fibonacci	0.8571	0.8582	0.8589	0.8600	0.8611	0.8618	0.8629

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8418	0.8492	0.8546	0.8620	0.8674	0.8748	0.8802
Camarilla	0.8564	0.8576	0.8587	0.8599	0.8611	0.8623	0.8634
Woodie	0.8407	0.8487	0.8535	0.8615	0.8663	0.8743	0.8791
Fibonacci	0.8492	0.8541	0.8571	0.8620	0.8669	0.8699	0.8748

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8252	0.8417	0.8505	0.8670	0.8758	0.8923	0.9011
Camarilla	0.8522	0.8546	0.8569	0.8592	0.8615	0.8638	0.8662
Woodie	0.8213	0.8398	0.8466	0.8651	0.8719	0.8904	0.8972
Fibonacci	0.8417	0.8514	0.8574	0.8670	0.8767	0.8827	0.8923

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):	37.54
MACD (12,26,9):	-0.0002
Directional Movement:	-10.0375
AROON (14):	-35.7143
DEMA (21):	0.8597
Parabolic SAR (0,02-0,02-0,2):	0.8611
Elder Ray (13):	-0.0008
Super Trend (3,10):	0.8616
Zig ZAG (10):	0.8589
VORTEX (21):	0.9321
Stochastique (14,3,5):	18.39
TEMA (21):	0.8596
Williams %R (14):	-86.21
Chande Momentum Oscillator (20):	-0.0017
Repulse (5,40,3):	-0.1011
ROCnROLL:	2
TRIX (15,9):	-0.0007
Courbe Coppock:	0.13

MA7:	0.8599
MA20:	0.8655
MA50:	0.8736
MA100:	0.8785
MAexp7:	0.8595
MAexp20:	0.8600
MAexp50:	0.8602
MAexp100:	0.8607
Price / MA7:	-0.14%
Price / MA20:	-0.79%
Price / MA50:	-1.71%
Price / MA100:	-2.25%
Price / MAexp7:	-0.09%
Price / MAexp20:	-0.15%
Price / MAexp50:	-0.17%
Price / MAexp100:	-0.23%

Quotes : - Real time data - Forex

News

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