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: 0.8810, 0.8900, 0.9050 (November 2016 maximum).
- Computer analysis: MACD (12, 26, 9) (signal- downward movement): the indicator is above 0, the signal line has left the histogram bar. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (signal-going traffic): the Tenkan-sen line is above the Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is started from 0.8830,0.8850, 0.8880.
- Alternative recommendation: buy entry is started from 0.8800, 0.8780, 0.8760.
The euro pound is at the level of the opening day, while retaining the potential to strengthen on the formation of the “double bottom” figure.
EUR JPY (current price: 136.80)
- Support levels: 134.40 (September 2017 maximum) 131.40, 127.40.
- Resistance levels: 136.80 (October 2015 maximum), 139.00 (August 2015 maximum), 140.90.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line has left the histogram bar. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (flat signal): 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 137.20, 137.50, 137.80.
- Alternative recommendation: buy entry is started from 136.50, 136.20, 136.00.
The euro yen retains the potential to strengthen on the weakness of the yen, while the pair is limited to a significant overbought, which can cause correction.
GBP JPY (current price: 155.10)
- Support levels: 152.80 (September 2017 maximum), 150.00, 147.00.
- Resistance levels: 155.40, 158.00, 160.30.
- 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 neutral zone. IchimokuKinkoHyo (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 155.40, 155.80, 156.30.
- Alternative recommendation: buy entry is started from 154.60, 154.30, 154.00.
A pound yen pair is traded lower due to a correction, while maintaining an uptrend, which may indicate a slowing of the yen.
EUR CHF (current price: 1.1570)
- Support levels: 1.1600 (December 2017 minimum), 1.1550 (November 2017 minimum), 1.1500.
- 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. IchimokuKinkoHyo (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 1.1590, 1.1610, 1.1640.
- Alternative recommendation: buy entry is started from 1.1560, 1.1540, 1.1500.
The euro franc pair is still traded in the sideways trend, keeping the potential for strengthening.