Technical analysis of cross-rates. (Anton Hanzenko)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
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EUR GBP (current price: 0.8780)
- Support levels: 0.8900, 0.8850, 0.8750.
- Resistance levels: 0.9050, 0.9150, 0.9200.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line is out of the histogram body. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line near Kijun-sen, the price is above the cloud.
- The main recommendation: sale entry is from 0.8800, 0.8820, 0.8850.
- Alternative recommendation: buy entry is from 0.8750, 0.8720, 0.8700.
A pair of euro pound keeps upward dynamic, limited to attempts of correction.
EUR JPY (current price: 122.80)
- Support levels: 123.00, 120.00, 115.50.
- Resistance levels: 128.00, 131.00, 133.00.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line is out of the histogram body. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line near below Kijun-sen, the price is in the cloud.
- The main recommendation: sale entry is from 123.00, 123.30, 123.50.
- Alternative recommendation: buy entry is from 122.60, 122.30, 122.00
The euro yen is trading in a flat, keeping the downward trend on political risks.
GBP JPY (current price: 139.80)
- Support levels: 135.50, 131.50, 128.00.
- Resistance levels: 144.00, 149.00, 154.00.
- Computer analysis: MACD (12, 26, 9) (signal – flat): indicator near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line near Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is from 140.20, 141.50, 141.00.
- Alternative recommendation: buy entry is from 139.50, 139.20, 138.70.
A pair of pound yen is trading in a descending channel, while maintaining the potential for a reduction in risks.
EUR CHF (current price: 1.1260)
- Support levels: 1.1270, 1.1200, 1.1150.
- Resistance levels: 1.1350, 1.1430, 1.1500.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out of the histogram body. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line near Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is from 1.1280, 1.1300, 1.1330.
- Alternative recommendation: buy entry is from 1.1240, 1.1220, 1.1200.
A pair of euro franc maintains a moderately downward trend, limited to the trading channel and flat.