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: 0.8900, 0.8850, 0.8800.
• Resistance levels: 0.9000 (strong psychology), 0.9070, 0.9150.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line is pierced from 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 0.8910, 0.8940, 0.8960.
• Alternative recommendation: buy entry is from 0.8880, 0.8860, 0.8840.

The euro pound pair is trading lower with an increase in optimism and positive employment data in the UK.

EUR JPY (current price: 129.50)

• Support levels: 128.00, 126.00, 125.00.
• Resistance levels: 129.50, 130.50, 132.00.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in the 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 129.80, 130.00, 130.20.
• Alternative recommendation: buy entry is from 129.20, 128.80, 128.50

The euro yen slowed the downtrend on risk mitigation, but is limited to overbought.

GBP JPY (current price: 145.50)

• Support levels: 141.50, 140.50, 139.20.
• Resistance levels: 143.00, 144.50, 145.50.
• 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 145.50, 146.00, 146.50.
• Alternative recommendation: buy entry is from 145.00, 144.60, 144.30.

The pound-yen pair is trading with a strengthening on the pound’s rise, supported by positive employment data in the UK.

EUR CHF (current price: 1.1300)

• Support levels: 1.1270, 1.1200, 1.1150.
• Resistance levels: 1.1330, 1.1400, 1.1450.
• 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 1.1330, 1.1350, 1.1380.
• Alternative recommendation: buy entry is from 1.1290, 1.1270, 1.1240.

The euro-franc pair has moved to a decline from 1.1330, but retains the potential for growth.