Technical analysis of cross-rates. (Anton Hanzenko)
EUR GBP (current price: 0.8870)
- Support levels: 0.8850,0.8790, 0.8730 (minimum of the last months).
- Resistance levels: 0.8900, 0.8960 (March maximum), 0.9000 (strong psychology).
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is from 0.8900, 0.8920, 0.8950.
- Alternative recommendation: buy entry is from 0.8850, 0.8820, 0.8790.
The euro pound pair is trading with a strengthening on the growth of the euro.
EUR JPY (current price: 128.80)
- Support levels: 128.00, 126.80, 125.00 (the minimum of May).
- Resistance levels: 129.00, 130.00 (strong psychological level), 130.50 (maximum of June).
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is from 129.00, 129.30, 129.50.
- Alternative recommendation: buy entry is from 128.50, 128.00, 127.70.
The euro yen also strengthened on the growth of the euro, thereby confirming the safety of the uptrend.
GBP JPY (current price: 145.10)
- Support levels: 144.30, 143.50, 143.00 (the minimum of May).
- Resistance levels: 145.70, 146.50, 147.00 (psychological level).
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is from 145.50, 145.70, 146.00.
- Alternative recommendation: buy entry is from 144.570, 144.30, 143.80.
The pair of pound of the yen has strengthened on risk reduction, but keeps a downward trend.
EUR CHF (current price: 1.1560)
- Support levels: 1.1500, 1.1450, 1.1360 (the minimum of the current year).
- Resistance levels: 1.1550, 1.1600, 1.1650 (June maximum).
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is from 1.1580, 1.1600, 1.1630.
- Alternative recommendation: buy entry is from 1.1550, 1.1530, 1.1500.
The euro franc pair came out of the downtrend, but is limited to overbought.
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.