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

Technical analysis of cross-rates. (Anton Hanzenko)

EUR GBP (current price: 0.8940)

  • Support levels: 0.8730 (the 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 (signal – upward motion): the indicator is below 0, the signal line has left the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, declining volatility.

  • The main recommendation: sale entry is started from 0.8980,0.9000, 0.9020.
  • Alternative recommendation: buy entry is started from 0.8830 (Fibo. 38.2 from the April’s low), 0.8900, 0.8870 (MA 100).

This cross was able to work off the resistance level of 0.9020, but the general upward trend persists.

EUR JPY (current price: 133.30)

  • Support levels: 131.40 (the minimum of the last months), 130.50, 129.80 (Fibo. 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 (signal – upward motion): the indicator is below 0, the signal line has left the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, declining volatility.
  • The main recommendation: sale entry is started from 133.60, 133.90, 134.20.
  • Alternative recommendation: buy entry is started from 133.90, 132.80, 132.40 (MA 200).

Euro yen remains in the correction phase after growth, limiting itself to a downward trend.

GBP JPY (current price: 148.80)

  • Support levels: 147.00 (the 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 (signal – downward motion): the indicator is below 0, the signal line is in the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, declining volatility.
  • The main recommendation: sale entry is started from 149.00 (MA 100), 149.30 (MA 200), 149.60.
  • Alternative recommendation: buy entry is started from 148.60, 148.20, 147.90.

The pound is trading in the established trend.

EUR CHF (current price: 1.1660)

  • 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 (signal – upward motion): the indicator is below 0, the signal line has left the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, low volatility.
  • The main recommendation: sale entry is started from 1.1670 (local maximum), 1.1700, 1.1730.
  • Alternative recommendation: buy entry is started from 1.1630, 1.1600 (MA 100), 1.1580.

The euro-franc pair is trading near significant resistance, thereby adjusting before further growth.

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