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: 0.8990)
- 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): indicator above 0, signal line in the body of the histogram. RSI (14) in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (flat signal): the Tenkan-sen line above the Kijun-sen line, the price is in 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.
A pair of euro pound went to correction on the resumption of the general uptrend.
EUR JPY (current price: 128.80)
- 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 129.30, 129.50, 129.90.
- Alternative recommendation: buy entry is from 128.50, 128.00, 127.50
The euro yen is trading in flat, correcting after the decline, limiting itself to a downward trend.
GBP JPY (current price: 143.30)
- Support levels: 141.50, 140.50, 139.20.
- Resistance levels: 143.00, 144.50, 145.50.
- 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 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 143.70, 144.00, 144.50.
- Alternative recommendation: buy entry is from 143.00, 142.70, 142.40.
The pound yen pair is also limited in growth by existing risks, which may serve as a pretext for a new wave of decline.
EUR CHF (current price: 1.1250)
- 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 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 1.1270, 1.1300, 1.1320.
- Alternative recommendation: buy entry is from 1.1240, 1.1200, 1.1180.
The euro franc pair remains under risk pressure, maintaining a downtrend, limiting itself to overselling.