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: 0.8870)
- 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 above 0, the signal line is higher than the body of the histogram. RSI (14) in the neutral 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 0.8890, 0.8920, 0.8940.
- Alternative recommendation: buy entry is from 0.8850, 0.8830, 0.8800.
The pair pound is traded in different directions after volatile trading on the growth of political risks in the UK.
EUR JPY (current price: 130.30)
- Support levels: 128.00, 126.80, 125.00 (the minimum of May).
- Resistance levels: 130.50 (maximum of June), 131.00, 131.50.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): indicator above 0, signal line in the body of the histogram. RSI (14) in the neutral 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 from130.50, 130.80, 131.50.
- Alternative recommendation: buy entry is from 130.00, 129.70, 129.20.
The yen retains an upward movement, but is limited to overbought.
GBP JPY (current price: 147.00)
- Support levels: 145.50, 144.30, 143.50.
- Resistance levels: 147.00 (psychological level), 148.00, 149.00.
- 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 147.30, 147.70, 148.00.
- Alternative recommendation: buy entry is from 146.60, 146.30, 145.90.
The pair pound and yen keeps rising dynamics, limiting itself to political risks in the UK.
EUR CHF (current price: 1.1640)
- 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 – downward movement): the indicator is above 0, the signal line has left the body of the histogram. RSI (14) in the neutral 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 1.1660, 1.1680, 1.1700.
- Alternative recommendation: buy entry is from 1.1620, 1.1590, 1.1570.
The euro franc pair remains overbought.