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: 0.8880)
- 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 higher than 0, the signal line has left 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 0.8900, 0.8920, 0.8940.
- Alternative recommendation: buy entry is from 0.8870, 0.8850, 0.8830.
The euro pound is traded in a sideways trend, thereby restrainingly adjusting and limiting itself to the lower boundary of the upward channel.
EUR JPY (current price: 129.60)
- Support levels: 130.00 (June maximum), 129.00, 128.00.
- Resistance levels: 131.50.132.30 (the maximum of March), 133.00
- 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) (flat signal): the Tenkan-sen line above the Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is from 129.70, 130.00, 130.40.
- Alternative recommendation: buy entry is from 129.20, 129.
EUR JPY continues to be limited by a downtrend, despite attempts at growth.
GBP JPY (current price: 145.70)
- Support levels: 147.00, 145.50, 144.30.
- Resistance levels: 148.00 (psychological level), 149.00, 150.00
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line has left the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (flat signal): the Tenkan-sen line above the Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is from 146.00, 146.20, 146.500.
- Alternative recommendation: buy entry is from 145.50, 145.30, 145.00.
The pound-yen pair moved to correction, questioning the safety of the downtrend.
EUR CHF (current price: 1.1590)
- Support levels: 1.1600, 1.1550, 1.1500.
- Resistance levels: 1.1650, 1.1700, 1.1750.
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 above the Kijun-sen line, the price is in the cloud. - The main recommendation: sale entry is from 1.1600, 1.1620, 1.1640.
- Alternative recommendation: buy entry is from 1.1570, 1.1570, 1.1530.
The euro-franc pair has moved to correction, but is limited to the existing channel.