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

Technical analysis of cross-rates. (Anton Hanzenko)

EUR GBP (current price: 0.8820)

  • Support levels: 0.8730 (minimum of the last months), 0.8650, 0.8530.
  • Resistance levels: 0.9020, 0.9170, 0.9300 (the maximum of the current year).
  • Computer analysis: MACD (12, 26, 9) (signal-flat): the indicator is near 0. RSI (14) is in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement, flat): the Tenkan-sen line is below the Kijun-sen line, the price is higher than the cloud.
  • The main recommendation: sale entry is started from 0.8840, 0.8870, 0.8890.
  • Alternative recommendation: buy entry is started from 0.8780, 0.8750, 0.8730.

Euro pound is trading in a narrow flat near the lower border of the rising channel based on uncertainties related to the EU and the UK.

EUR JPY (current price: 132.40)

  • Support levels: 131.40 (minimum of the last months), 130.50, 129.80 (Fib. 23.6 from the low of the current year).
  • Resistance levels: 133.30, 134.40 (the maximum of the current year), 135.00.
  • Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is below 0, the signal line is in the body of the histogram. RSI (14) is 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 started from 132.90 (MA 200), 133.30, 134.60.
  • Alternative recommendation: buy entry is started from 132.30, 131.90, 131.70.

The euro yen is trading under the division due to the fundamental risks caused by the political situation in Germany and the Brexit negotiations.

GBP JPY (current price: 150.20)

  • Support levels: 147.00 (minimum of last months), 144.20 (Fibo, 50.0 from the low of April), 141.50.
  • Resistance levels: 151.30, 152.80 (the maximum of the current year), 155.40.
  • Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is below 0, the signal line is in the body of the histogram. RSI (14) is 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 started from 150.60, 151.10, 152.50.
  • Alternative recommendation: buy entry is started from 150.80, 150.30, 150.00.

The pound yen remains in the correction phase after the cross’s growth last week.

EUR CHF (current price: 1.1670)

  • Support levels: 1.1500, 1.1450 (Fibo, 23.6 from the low of the current year), 1.1350.
  • Resistance levels: 1.1700 (the maximum of the current year), 1.1750, 1.1800.
  • Computer analysis: MACD (12, 26, 9) (signal-flat): the indicator is near 0 , RSI (14) is in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – descending movement, flat): the Tenkan-sen line is below the line Kijun-sen, the price is in the cloud.
  • The main recommendation: sale entry is started from 1.1680, 1.1700, 1.1730.
  • Alternative recommendation: buy entry is started from 1.1650, 1.1630, 1.1600.

The euro franc pair is trading near the lower border of the rising channel, trading in flat.

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