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: 0.8890)
- 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): 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 0.8900, 0.8920, 0.8940.
- Alternative recommendation: buy entry is from 0.8800, 0.8860, 0.8840.
The euro pound remains in an uptrend, limited to the lower boundary of the channel.
EUR JPY (current price: 129.80)
- 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 – downward movement): the indicator is below 0, the signal line in the body of the histogram. RSI (14) in the oversold 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 130.00, 130.20, 130.50.
- Alternative recommendation: buy entry is from 129.50, 129.30, 129.00
The euro was under pressure due to the growth of the American dollar in the EUR/USD pair.
GBP JPY (current price: 146.00)
- Support levels: 147.00, 145.50, 144.30.
- Resistance: 148.00 (psychological level), 149.00, 150.00
- 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 oversold 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 146.30, 146.50, 146.80.
- Alternative recommendation: buy entry is from 145.80, 145.50, 145.30.
The pound-yen pair also demonstrates a decline in the resumption of risks, thereby forming a flat.
EUR CHF (current price: 1.1560)
- Support levels: 1.1600, 1.1550, 1.1500.
- Resistance levels: 1.1650, 1.1700, 1.1750.
- 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 oversold 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 1.1580, 1.1600, 1.1620.
- Alternative recommendation: buy entry is from 1.1550, 1.1530, 1.1500.
The euro-franc pair is trading with a decline on the resumption of a downtrend.