Technical analysis of cross-rates. (Anton Hanzenko)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
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EUR GBP (current price: 0.8880)
- Support levels: 0.8900, 0.8850, 0.8800.
- Resistance levels: 0.9000 (strong psychology), 0.9070, 0.9150.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line has appeared in the body of the histogram. RSI (14) in the neutral 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 from 0.8890, 0.8920, 0.8940.
- Alternative recommendation: buy entry is from 0.8860, 0.8840, 0.8820.
The euro pound is trading in a moderately downward trend.
EUR JPY (current price: 131.20)
- Support levels: 128.00, 126.00, 125.00.
- Resistance levels: 129.50, 130.50, 132.00.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (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 from 131.50, 132.00, 132.30.
- Alternative recommendation: buy entry is from 131.00, 130.50, 130.20
The euro yen is trading in an uptrend, limiting itself to overbought after a two-week growth.
GBP JPY (current price: 147.70)
- Support levels: 145.00, 143.10, 141.50.
- Resistance levels: 146.00, 147.00, 149.00.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is higher than 0, the signal line has left the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (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 from 147.80, 148.00, 148.40.
- Alternative recommendation: buy entry is from 147.40, 147.00, 146.70.
A pair of pound yen is trading with a strengthening on the yen’s sale, limited to overbought.
EUR CHF (current price: 1.1260)
- Support levels: 1.1270, 1.1200, 1.1150.
- Resistance levels: 1.1330, 1.1400, 1.1450.
- Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (flat signal): the Tenkan-sen line above the Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is from 1.1270, 1.1290, 1.1320.
- Alternative recommendation: buy entry is from 1.1230, 1.1200, 1.1180.
The euro-franc pair remains under pressure of correction, but keeps a downward trend.