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

Technical analysis of cross-rates. (Anton Hanzenko)

EUR GBP (current price: 0.8900)

  • 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 (signal – upward motion): the indicator is above 0, the signal line is in 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 0.8930 (Fibo., 38.2 from the April’s low), 0.8950, 0.8970.
  • Alternative recommendation: buy entry is started from 0.8880 (MA 100), 0.8850, 0.8830.

This cross broke the downtrend and is trading with the strengthening, limited by slight overbought.

EUR JPY (current price: 131.90)

  • 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 (signal – upward motion): the indicator is above 0, the signal line is in 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 131.80, 132.00 (MA 100), 132.40 (MA 200).
  • Alternative recommendation: buy entry is started from 131.40, 131.00 (November minimum), 130.60.

The euro yen fight back from significant support 131.40 and returned to a sideways trend.

GBP JPY (current price: 148.20)

  • 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 (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): overbought, growing volatility.
  • The main recommendation: sale entry is started from 148.40 (MA 100), 148.60 (MA 200), 148.80.
  • Alternative recommendation: buy entry is started from 148.00, 147.80, 147.50.

The pound-yen keeps a downward trend, but noticeably slowed because of the oversold of the pound.

EUR CHF (current price: 1.1630)

  • 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 above 0, the signal line is in 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 1.1650 (MA 200), 1.1660, 1.1680.
  • Alternative recommendation: buy entry is started from 1.1600, 1.1580, 1.1560.

A pair euro-franc managed to fight back from the level 1.1590-1.1580, thereby keeping the outgoing trend.

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