Technical Analysis of cross-rates. (Аnton Hanzenko)
EUR GBP (current price: 0.8730)
- 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-flat): indicator near 0. RSI (14) in the neutral zone. IchimokuKinkoHyo (9,26,52) (flat signal): the Tenkan-sen line above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is started from 0.8750,0.8770, 0.8800.
- Alternative recommendation: buy entry is started from 0.8700, 0.8680, 0.8660.
A pair of euro pound keeps a downward trend, limited to flat.
EUR JPY (current price: 130.20)
- Support levels: 130.20, 128.50, 126.80.
- Resistance levels: 133.00, 134.50, 136.80.
- 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. IchimokuKinkoHyo (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 started from 130.40, 130.80, 131.00.
- Alternative recommendation: buy entry is started from 130.00, 129.60, 129.20.
The Euro yen is adjusted to reduce risks, but still maintains a downtrend.
GBP JPY (current price: 149.00)
- Support levels: 146.00, 144.50, 143.50.
- Resistance levels: 148.00, 150.00, 151.50.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in the light oversold zone. IchimokuKinkoHyo (9,26,52) (signal-going traffic): the Tenkan-sen line above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is started from 149.40, 149.70, 150.00.
- Alternative recommendation: buy entry is started from 148.40, 148.00, 147.80.
The pound-yen pair also accelerated growth on the positive start of the European stock exchanges and maintaining the uptrend. In this case, this pair is limited to overbought.
EUR CHF (current price: 1.1730)
- Support levels: 1.1500, 1.1450, 1.1400.
- Resistance levels: 1.1600, 1.1700 (the maximum of the current year), 1.1800.
- Computer analysis: MACD (12, 26, 9) (signal-upward movement): the indicator is above 0, the signal line in the body of the histogram. RSI (14) in the overbought zone. IchimokuKinkoHyo (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 started from 1.1730, 1.1750, 1.1770.
- Alternative recommendation: buy entry is started from 1.1720, 1.1700, 1.1670.
The euro-franc pair is trading with the strengthening, while limiting the sideways trend.