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: 0.8920)
- 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 histogram body. RSI (14) in neutral oversold. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is lower than Kijun-sen, the price is below the cloud.
- The main recommendation: sale entry is from 0.8950, 0.8980, 0.9000.
- Alternative recommendation: buy entry is from 0.8900, 0.8880, 0.8860.
A pair of euro pounds remains restrained, trading in the downward channel to reduce political risks in the UK and the weakness of the euro.
EUR JPY (current price: 120.30)
- 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 below 0, the signal line in the body of the histogram. RSI (14) in the oversold area. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is lower than Kijun-sen, the price is below the cloud.
- The main recommendation: sale entry is from 120.50, 120.80, 121.00.
- Alternative recommendation: buy entry is from 120.30, 120.00, 119.80
Euro yen is trading in the flat, keeping the downward trend, limited to oversold.
GBP JPY (current price: 134.80)
- 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 is out of the histogram body. RSI (14) in the neutral 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 135.00, 135.30, 135.50.
- Alternative recommendation: buy entry is from 134.60, 134.40, 134.20.
A pair of pound yen is trading in the upward channel, despite the political risks in the UK and attempts of correction.
EUR CHF (current price: 1.0960)
- Support levels: 1.1170, 1.1100, 1.1050.
- Resistance levels: 1.1350, 1.1430, 1.1500.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): 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) (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 1.0980, 1.1000, 1.1030.
- Alternative recommendation: buy entry is from 1.0950, 1.0930, 1.0900.
The euro franc is trading lower on the risk of stimulating the eurozone economy.