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: 0.9060)
- Support levels: 0.8750, 0.8700, 0.8650.
- Resistance levels: 0.8850, 0.8900, 0.9000.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line came out of the histogram body. RSI (14) in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line is above the Kijun-sen line, the price is above the cloud.
- Primary recommendation: sale entry is from 0.9080, 0.9100, 0.9130.
- Alternative recommendation: buy entry is from 0.9050, 0.9020, 0.9000.
The euro pound pair accelerated growth on exacerbation of risks for Brexit, but is limited by the upward channel and overbought.
EUR JPY (current price: 128.50)
- Support levels: 129.00, 128.00, 126.00.
- Resistance levels: 131.00, 132.50, 133.50.
- Computer analysis: MACD (12, 26, 9) (signal – flat): indicator near 0.RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – flat): Tenkan-sen line near Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is from 128.80, 129.00, 129.30.
Alternative recommendation: buy entry is from 128.20, 128.00, 127.70
Euro yen maintains upward dynamic, despite rising risks in Europe.
GBP JPY (current price: 141.70)
- Support levels: 143.00, 141.00, 140.00.
- Resistance levels: 146.00, 147.50, 149.00.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out of the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is from 142.30, 143.00, 143.60.
- Alternative recommendation: buy entry is from 141.00, 140.70, 140.30.
A pair of pound yen is trading in a downtrend, limited to attempts of correction, but remaining under the pressure of risks.
EUR CHF (current price: 1.1240)
- Support levels: 1.1350, 1.1270, 1.1200.
- Resistance levels: 1.1450, 1.1500, 1.1550.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out of the body of the histogram. RSI (14) in the oversold area. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is from 1.1260, 1.1280, 1.1300.
- Alternative recommendation: buy entry is from 1.1200, 1.1180, 1.1150.
A pair of euro franc is trading in the sideways trend on the formation of a correction.