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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: 0.8880)
- 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 – downward movement): the indicator is higher than 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 0.8890, 0.8910, 0.8930.
- Alternative recommendation: buy entry is from 0.8860, 0.8840, 0.8820.
The euro pound pair is trading lower after growth of the earlier correction.
EUR JPY (current price: 131.50)
- Support levels: 131.00, 130.00 (June maximum), 128.00, 126.80.
- Resistance levels: 131.50.132.30 (the maximum of March), 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 neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (flat signal): the Tenkan-sen line below the Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is from 131.80, 132.00, 132.30.
- Alternative recommendation: buy entry is from 131.50, 131.20, 131.00.
Euro yen keeps growing, despite the weakness of the euro.
GBP JPY (current price: 148.00)
- Support levels: 147.00, 145.50, 144.30.
- Resistance levels: 148.00 (psychological level), 149.00, 150.00
- 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 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 148.30, 148.60, 149.00.
- Alternative recommendation: buy entry is from of 147.70, 147.50, 147.20.
The pound-yen pair is limited by oversold resumption of political risks in the UK.
EUR CHF (current price: 1.1650)
- Support levels: 1.1650, 1.1600, 1.1550.
- Resistance levels: 1.1700, 1.1750, 1.1800.
- 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 1.1670, 1.1690, 1.1700.
- Alternative recommendation: buy entry is from 1.1650, 1.1620, 1.1600.
A pair of euro franc is under pressure of correction and market uncertainty.