EURGBP Down 1 Pips in Last Hour, Came Into Today Down For the 5th Day In A Row; in a Downtrend Over Past 90 Days
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
EURGBP
(Last Updated March 16, 2021)
Hello! This is the news page for EURGBP. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for EURGBP
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Euro Area ECB Enria Speech | NA | Euro | EUR | 2021-03-16 | 11:00 GMT | ||
| Euro Area Inflation Rate YoY Final | Feb 2021 | Euro | EUR | 2021-03-17 | 10:00 GMT | 0.9% | |
| Euro Area Core Inflation Rate YoY Final | Feb 2021 | Euro | EUR | 2021-03-17 | 10:00 GMT | 1.1% | |
| Euro Area Construction Output YoY | Jan 2021 | Euro | EUR | 2021-03-17 | 10:00 GMT | ||
| European Union New Car Registrations YoY | Feb 2021 | Euro | EUR | 2021-03-18 | 07:00 GMT |
The Trend
On EURGBP, there is currently a downtrend on the 90, 30 and 14 day timeframes.
EURGBP Moving Averages
EURGBP’s moving averages suggest the trend on a number of time horizons is bearish.
The chart below illustrates.
Regarding EURGBP’s correlations over the past 7 days, it has demonstrated the strongest correlation with GBPJPY. If we zoom out to a two week basis, though, EURCAD is the asset most correlated to EURGBP. Alternatively, the asset least correlated with EURGBP over the past week has been EURCHF, but over the past two weeks, the asset least correlated with EURGBP has been EURSEK. The chart below illustrates EURGBP against its least correlated assets.
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The View From the Weekly Timeframe
At the time of this writing, EURGBP’s rate is down -44 pips (-0.51%) from the week prior. EURGBP has seen its price go down 4 out of the past 5 weeks, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows EURGBP’s price action over the past year.
EURGBP: The Monthly View
Monthly view favors rangebound strategies. No clear trend on the 24, 60 and 120 month timeframes.
EURGBP Down 0 Pips Over Past Hour, Came Into Today Down For the 4th Consecutive Day; in a Downtrend Over Past 90 Days
Compared to its peers in the forex, eurgbp gave its buyers a return that ranked 22nd in terms of percentage change since the day prior.
EURGBP Up 5 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 90 Days
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
EURGBP Down 2 Pips in Last Hour, Came Into Today Up For the 5th Consecutive Day; is Inching Close to 20 Day Average
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
EURGBP Down 4 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 90 Days
Volatility for eurgbp has been contracting over the past two weeks relative to volatility over the past month.
EURGBP Up 2 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; Crosses 20 Day Moving Average
Volatility for eurgbp has been contracting over the past two weeks relative to volatility over the past month.
EURGBP Down 1 Pips Over Past Hour, in a Downtrend Over Past 90 Days; Eyes 20 Day Average
Compared to its peers in the forex, eurgbp gave its buyers a return that ranked 5th in terms of percentage change since yesterday.
EURGBP Down 0 Pips Over Past Hour, Moves Down For the 6th Straight Day; in a Downtrend Over Past 30 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
EURGBP Down 0 Pips in Last Hour; Moves Down For the 5th Consecutive Day
Volatility for eurgbp has been contracting over the past two weeks relative to volatility over the past month.
EURGBP Down 3 Pips Over Past Hour, Entered Today Down For the 2nd Straight Day; in a Downtrend Over Past 90 Days
Given that we see downtrend on the 10 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.