Londinia Opportunities Analyses - 06/08/2023 (GMT) EUR/GBP FULL0624 - 1H
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USD
(-)
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10 min delayed data - CME Globex Futures
| Type: | Futures |
| Ticker: | EURGBPXXXX |
| ISIN: | EURGBPXXXX |
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
6%
83%
11%
My opinion
Bearish under 0.86037 USD
My targets
0.85720 USD (-0.21%)
0.84978 USD (-1.07%)
My analysis
EUR/GBP FULL0623 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.86037 USD. The next support located at 0.85720 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.84978 USD. Below this support, sellers could then target 0.84245 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.6
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The EUR/GBP FULL0623 rating is 0.85900 USD. The price registered a decrease of -0.19% on the session and was between 0.85885 USD and 0.86160 USD. This implies that the price is at +0.02% from its lowest and at -0.30% from its highest.0.85885
0.86160
0.85900
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 FULL0623:
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
A technical analysis in 1H of this EUR/GBP FULL0623 chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Downside gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.84245 | 0.85720 | 0.85879 | 0.85900 | 0.86037 | 0.86253 | 0.86390 |
| Change (%) | -1.93% | -0.21% | -0.02% | - | +0.16% | +0.41% | +0.57% |
| Change | -0.01655 | -0.00180 | -0.00021 | - | +0.00137 | +0.00353 | +0.00490 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.85622 | 0.85748 | 0.85907 | 0.86033 | 0.86192 | 0.86318 | 0.86477 |
| Camarilla | 0.85987 | 0.86013 | 0.86039 | 0.86065 | 0.86091 | 0.86117 | 0.86143 |
| Woodie | 0.85638 | 0.85756 | 0.85923 | 0.86041 | 0.86208 | 0.86326 | 0.86493 |
| Fibonacci | 0.85748 | 0.85857 | 0.85925 | 0.86033 | 0.86142 | 0.86210 | 0.86318 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.84237 | 0.84978 | 0.85522 | 0.86263 | 0.86807 | 0.87548 | 0.88092 |
| Camarilla | 0.85712 | 0.85829 | 0.85947 | 0.86065 | 0.86183 | 0.86301 | 0.86418 |
| Woodie | 0.84138 | 0.84929 | 0.85423 | 0.86214 | 0.86708 | 0.87499 | 0.87993 |
| Fibonacci | 0.84978 | 0.85469 | 0.85773 | 0.86263 | 0.86754 | 0.87058 | 0.87548 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.82187 | 0.83953 | 0.84957 | 0.86723 | 0.87727 | 0.89493 | 0.90497 |
| Camarilla | 0.85198 | 0.85452 | 0.85706 | 0.85960 | 0.86214 | 0.86468 | 0.86722 |
| Woodie | 0.81805 | 0.83763 | 0.84575 | 0.86533 | 0.87345 | 0.89303 | 0.90115 |
| Fibonacci | 0.83953 | 0.85012 | 0.85665 | 0.86723 | 0.87782 | 0.88435 | 0.89493 |
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): | 36.56 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -17.43908 | |
| AROON (14): | -35.71429 | |
| DEMA (21): | 0.85991 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.86134 | |
| Elder Ray (13): | -0.00096 | |
| Super Trend (3,10): | 0.86111 | |
| Zig ZAG (10): | 0.85900 | |
| VORTEX (21): | 0.8311 | |
| Stochastique (14,3,5): | 16.36 | |
| TEMA (21): | 0.85977 | |
| Williams %R (14): | -94.55 | |
| Chande Momentum Oscillator (20): | -0.00145 | |
| Repulse (5,40,3): | -0.0913 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0016 | |
| Courbe Coppock: | 0.14 |
| MA7: | 0.86034 | |
| MA20: | 0.86630 | |
| MA50: | 0.87493 | |
| MA100: | 0.88098 | |
| MAexp7: | 0.85976 | |
| MAexp20: | 0.86021 | |
| MAexp50: | 0.86057 | |
| MAexp100: | 0.86118 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -1.82% | |
| Price / MA100: | -2.49% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.25% |
Quotes :
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10 min delayed data
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Futures CME Globex