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: 0.8970)
- Support levels: 0.8900, 0.8850, 0.8800.
- Resistance levels: 0.9000 (strong psychology), 0.9070, 0.9150.
- 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 0.9000, 0.9020, 0.9040.
- Alternative recommendation: buy entry is from 0.8960, 0.98940, 0.8920.
The pair euro pound remains under pressure of growth of optimism on Brexit, but also keeps the general upward trend.
EUR JPY (current price: 129.40)
- Support levels: 128.00, 126.00, 125.00.
- Resistance levels: 129.50, 130.50, 132.00.
- 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 129.80, 130.20, 130.60.
- Alternative recommendation: buy entry is from 129.30, 129.00, 128.50
The euro yen is trading in flat and at the same time forms a reversal model, indicating the resumption of a downtrend.
GBP JPY (current price: 144.10)
- Support levels: 141.50, 140.50, 139.20.
- Resistance levels: 143.00, 144.50, 145.50.
- Computer analysis: MACD (12, 26, 9) (signal – downward motion): 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 144.50, 144.90, 145.20.
- Alternative recommendation: buy entry is from 143.00, 142.70, 142.40.
The pair pound yen is traded with a decrease in the growth of risks and the return of the cross to a decrease.
EUR CHF (current price: 1.1280)
- Support levels: 1.1320, 1.1270, 1.1200.
- Resistance levels: 1.1400, 1.1450, 1.1500.
- 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 oversold 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 1.1320, 1.1350, 1.1380.
- Alternative recommendation: buy entry is from 1.1280, 1.1250, 1.1230.
The euro franc pair remains under pressure of risks, limited to the level of 1.1270-50.