Technical analysis of cross-rates. (Anton Hanzenko) - Ester Holdings
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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: 0.8830)

  • 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 – downward movement): the indicator is below 0, the signal line in the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
  • The main recommendation:  sale entry is from 0.8850, 0.8870, 0.8900.
  • Alternative recommendation: buy entry is from 0.8820, 0.8800, 0.8780.

The euro pound is trading in flat, on the way out of the uptrend, pointing to ambiguity.

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-flat): indicator near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (flat signal): the Tenkan-sen line below the Kijun-sen line, the price is in the cloud.
  • The main recommendation:  sale entry is from 129.10, 129.50, 129.80.
  • Alternative recommendation: buy entry is from 128.50, 128.30, 128.00.

The euro is trading in flat on uncertainty.

GBP JPY (current price: 145.80)

  • 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-flat): indicator near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (flat signal): the Tenkan-sen line near the Kijun-sen line, the price is higher than the cloud.
  • The main recommendation: sale entry is from 146.00, 146.30, 146.50.
  • Alternative recommendation: buy entry is from 145.40, 145.20, 144.80.

The pound-yen pair moved into a sideways trend to maintain the uncertainty of the pound.

EUR CHF (current price: 1.1560)

  • Support levels: 1.1550, 1.1500, 1.1450.
  • Resistance levels: 1.1600, 1.1650 (June maximum), 1.1700.
  • Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line is below 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 moved to resume growth on maintaining the uptrend.

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