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: 0.8890)
- 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 – downward movement): the indicator is below 0, the signal line has appeared 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 0.8900, 0.8930, 0.8960.
- Alternative recommendation: buy entry is from 0.8870, 0.8850, 0.8830.
The euro pound pair resumed a decline on the euro’s weakness, but is restrained.
EUR JPY (current price: 130.30)
- Support levels: 128.00, 126.00, 125.00.
- Resistance levels: 129.50, 130.50, 132.00.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is below 0, the signal line has appeared 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 130.50, 131.00, 131.30.
- Alternative recommendation: buy entry is from 130.00, 129.50, 129.20
The euro yen is trading in an uptrend, limited to correction.
GBP JPY (current price: 146.70)
- Support levels: 144.50, 143.10, 141.50.
- Resistance levels: 146.00, 147.00, 148.00.
- Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line is below the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is from 147.00, 147.50, 147.80.
- Alternative recommendation: buy entry is from 146.20, 146.00, 145.80.
A pair of pound yen is trading at the opening day, limited to overbought, but maintaining the potential for growth.
EUR CHF (current price: 1.1240)
- Support levels: 1.1270, 1.1200, 1.1150.
- Resistance levels: 1.1330, 1.1400, 1.1450.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is below 0, the signal line has appeared 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 1.1260, 1.1280, 1.1300.
- Alternative recommendation: buy entry is from 1.1200, 1.1170, 1.1150.
The euro franc pair remains under the pressure of the downtrend, limited to the restraint of the market.