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: 0.8820)
- Support levels: 0.8790, 0.8730 (minimum of the last months), 0.8700 (strong psychology).
- Resistance levels: 0.8900, 0.8960 (March maximum), 0.9000 (strong psychology).
- Computer analysis: MACD (12, 26, 9) (signal – upward 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 – downward movement): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is from 0.8850, 0.8870, 0.8900.
- Alternative recommendation: buy entry is from 0.8820, 0.8800, 0.8780.
A pair of euro pound trades in different directions, forming a flat.
EUR JPY (current price: 129.30)
- Support levels: 128.00, 126.80, 125.00 (the minimum of May).
- Resistance levels: 129.00, 130.00 (strong psychological level), 130.50 (maximum of June).
- Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. RSI (14) in the overbought 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 129.70, 130.00, 130.20.
- Alternative recommendation: buy entry is from 129.00, 128.60, 128.30.
The euro yen appreciably strengthened on risk reduction, thereby indicating the resumption of the pair’s upward dynamics.
GBP JPY (current price: 146.50)
- Support levels: 145.50, 144.30, 143.50.
- Resistance levels: 146.50, 147.00 (psychological level), 148.00.
- Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. RSI (14) in the overbought 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 146.50, 147.00, 147.50.
- Alternative recommendation: buy entry is from 146.10, 145.50, 145.20.
The pound-yen pair also rose, but is limited to overbought.
EUR CHF (current price: 1.1590)
- Support levels: 1.1550, 1.1500, 1.1450.
- Resistance levels: 1.1600, 1.1650 (June maximum), 1.1700.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in the overbought 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 1.1600, 1.1630, 1.1650.
- Alternative recommendation: buy entry is from 1.1580, 1.1550, 1.1530.
The pair of the euro franc has strengthened significantly, but is limited to overbought.