EUR/GBP Up 27 Pips On 4 Hour Chart, Moves Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart
The closest is the 50 day average, which is 131.1 pips away.
EURGBP
(Last Updated May 29, 2020)
Hello! This is the news page for EURGBP. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On EURGBP, there is currently an uptrend on the 90, 30 and 14 day timeframes.
EURGBP Moving Averages
Across several time periods between 20 and 200 days, the trend on EURGBP has remained consistently bullish.
Below is a chart showing EURGBP’s price with its moving averages.
As for correlation, Regarding EURGBP’s correlations over the past 7 days, it has demonstrated the strongest correlation with AUDNZD. If we zoom out to a two week basis, though, the asset showing the strongest correlation to EURGBP is GBPCAD. Alternatively, AUDJPY has been the asset least correlated with EURGBP — but if we observe the prior two weeks, the asset least correlated with EURGBP has been GBPUSD. The chart below illustrates EURGBP against its least correlated assets.
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EUR/GBP Up 29 Pips On 4 Hour Chart, 2 Day Down Streak Snapped; Crosses 50 Day Moving Average
The closest is the 50 day average, which is 2.8 pips away.
EUR/GBP Up 8 Pips Over Past 4 Hours; Nears 50 Day Moving Average
Compared to its peers in the forex, eur/gbp gave its buyers a return that ranked 25th in terms of percentage change since yesterday.
EUR/GBP Down 0 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Nears 20 Day Moving Average
For additional context, note that price has gone up 5 out of the past 10 days.
EUR/GBP Up 13 Pips Over Past 4 Hours, Came Into Today Up For the 3rd Day In A Row; Crosses 50 Day Moving Average
Compared to its peers in the forex, eur/gbp gave its buyers a return that ranked 19th in terms of percentage change since the day prior.
EUR/GBP Down 8 Pips Over Past 4 Hours, 2 Day Down Streak Snapped; Doji Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well.
EUR/GBP Up 6 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; 2 Day Up Streak Snapped
This imputes a buy/sell ratio of 1.4, which is bullish.
EUR/GBP Up 18 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; Nears 20 Day Moving Average
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
EUR/GBP Up 26 Pips in Last 4 Hours, Entered Today Down For the 4th Day In A Row; Pin Bar Pattern Appearing on Chart
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
EUR/GBP Up 10 Pips in Last 4 Hours, Moves Down For the 3rd Day In A Row; Price Base in Formation Over Past 14 Days
As for the rationale, technical traders seem to be citing the appearance of bollinger bands and oscillator technical patterns.