Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Buy | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Neutral | Neutral | Neutral |
SAR (0.02; 0.2) | Buy | Buy | Sell |
Aggregate | ⇘ | ⇒ | ⇒ |
The EUR/GBP is a largely fundamentally affected currency exchange rate, as its larger moves and direction is set by the Brexit talks between the European Union and the United Kingdom.
However, it has not impacted technical analysis. By taking into account various events before hand, the currency pair can be properly charted.
The rate is ascending in a large scale ascending channel. In the borders of that dominant channel junior patterns can be spotted. Most recently the pair stopped a medium surge and began a medium scale decline, which is set to reach below the 0.8780 mark.