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: 0.9000)

• Support levels: 0.8750, 0.8700, 0.8650.
• Resistance levels: 0.8850, 0.8900, 0.9000.
• 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.

• Primary recommendation: sale entry is from 0.9030, 0.9050, 0.9080.
• Alternative recommendation: buy entry is from 0.8970, 0.8950, 0.8930.

A pair of euro pound is traded in the side channel, indicating a slowdown in the upward trend and uncertainty.

EUR JPY (current price: 128.00)

• 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 128.40, 128.60, 129.00.
• Alternative recommendation: buy entry is from 127.70, 127.50, 127.20

Euro yen moved to the flat on the growth of uncertainty in the market.

GBP JPY (current price: 142.20)

• Support levels: 143.00, 141.00, 140.00.
• Resistance levels: 146.00, 147.50, 149.00.
• Computer analysis: MACD (12, 26, 9) (signal – flat): indicator near 0.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.
• Primary recommendation: sale entry is from 142.60, 143.00, 143.60.
• Alternative recommendation: buy entry is from 142.00, 141.60, 141.30.

The pound yen pair returned to a downward trend on the renewed risk.

EUR CHF (current price: 1.1300)

• 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 above 0, the signal line in the body of the histogram. 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.
• The main recommendation:  sale entry is from 1.1330, 1.1350, 1.1380.
• Alternative recommendation: buy entry is from 1.1280, 1.1250, 1.1230.

A pair of euro franc remains in a downtrend, despite the general growth of the single currency.