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): indicator above 0, signal line in the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (flat signal): the Tenkan-sen line below the Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is from 0.8900, 0.8920, 0.8940.
- Alternative recommendation: buy entry is from 0.8860, 0.8840, 0.8820.
A pair of euro pound is trading in flat on resumption of risks on Brexit.
EUR JPY (current price: 131.00)
- Support levels: 128.00, 126.00, 125.00.
- Resistance levels: 129.50, 130.50, 132.00.
- 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 below the Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is from 131.50, 132.00, 132.30.
- Alternative recommendation: buy entry is from 130.80, 130.50, 130.20
The euro yen also slowed growth on the resumption of risks.
GBP JPY (current price: 147.30)
- Support levels: 145.00, 143.10, 141.50.
- Resistance levels: 146.00, 147.00, 149.00.
- Computer analysis: MACD (12, 26, 9) (signal – downward motion): the indicator is below 0, the signal line in the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (flat signal): the Tenkan-sen line below the Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is from 147.80, 148.00, 148.40.
- Alternative recommendation: buy entry is from 147.00, 146.70, 146.30.
A pair of pound yen emerged from an uptrend in the risk increase around Brexit.
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 – downward movement): the indicator is below 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 1.1320, 1.1340, 1.1360.
- Alternative recommendation: buy entry is from 1.1280, 1.1260, 1.1240.
The euro franc pair has broken the downtrend, but remains under pressure of risks.