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: 0.8790, 0.8730 (minimum of the last months), 0.8700 (strong psychology).
- 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 pair is trading near the lower border of the rising channel on the uncertainty of the market.
EUR JPY (current price: 130.30)
- Support levels: 128.00, 126.80, 125.00 (the minimum of May).
- Resistance levels: 130.50 (maximum of June), 131.00, 131.50.
- 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) (flat signal): the Tenkan-sen line below the Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is from 130.50, 130.80, 131.50.
- Alternative recommendation: buy entry is from 130.00, 129.70, 129.20.
The Euro yen maintains an upward trend, but is limited by overbought and technical correction, which is facilitated by the resumption of risks.
GBP JPY (current price: 147.40)
- Support levels: 145.50, 144.30, 143.50.
- Resistance levels: 147.00 (psychological level), 148.00, 149.00.
- Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – 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 147.70, 148.00, 148.20.
- Alternative recommendation: buy entry is from 147.00, 146.70, 145.50.
A pair of pound yen keeps upward movement on the weakening of political risks in the UK.
EUR CHF (current price: 1.1620)
- 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 – 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 1.1640, 1.1660, 1.1700.
- Alternative recommendation: buy entry is from 1.1600, 1.1580, 1.1550.
The euro franc accelerated the decline in correction and retreat from the upper boundary of the rising channel.