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: 0.8850)
- Support levels: 0.8900, 0.8850, 0.8750.
- Resistance levels: 0.9050, 0.9150, 0.9200.
- 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 near the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is from 0.8890, 0.8920, 0.8950.
- Alternative recommendation: buy entry is from 0.8820, 0.8800, 0.8770.
The euro pound pair is trading down, despite the risks in the UK, receiving support from the possibility of Brexit cancellation.
EUR JPY (current price: 124.00)
- Support levels: 123.00, 120.00, 115.50.
- Resistance levels: 128.00, 131.00, 133.00.
- 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 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 124.50, 124.80, 125.00.
- Alternative recommendation: buy entry is from 123.70, 123.40, 123.00
The euro yen shows restrained movement in a downtrend, limited to a side triangle.
GBP JPY (current price: 140.00)
- Support levels: 135.50, 131.50, 128.00.
- Resistance levels: 144.00, 149.00, 154.00.
- 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 neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line near Kijun-sen line, the price is above the cloud.
- The main recommendation: sale entry is from 140.60, 140.90, 141.40.
- Alternative recommendation: buy entry is from 139.50, 139.20, 138.80.
A pair of pound yen remains in uncertainty on the change in trends and risks around Brexit, maintaining the potential for growth, despite the correction.
EUR CHF (current price: 1.1300)
- Support levels: 1.1270, 1.1200, 1.1150.
- Resistance levels: 1.1350, 1.1430, 1.1500.
- 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 1.1320, 1.1350, 1.1380.
- Alternative recommendation: buy entry is from 1.1280, 1.1260, 1.1230.
A pair of euro franc is trading with a strengthening on the resumption of upward dynamics.