Technical analysis of cross-rates. (Anton Hanzenko) - Ester Holdings

Technical analysis of cross-rates. (Anton Hanzenko)

EUR GBP (current price: 0.8850)

  • Support levels: 0.8730 (minimum of the last months), 0.8650, 0.8530.
  • Resistance levels: 0.9020, 0.9170, 0.9300 (the maximum of the current year).
  • Computer analysis: MACD (signal – downward motion): the indicator is higher than 0, the signal line has left the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, low volatility

  •  The main recommendation: sale entry is started from 0.8890, 0.8930 (Fibo. 38.2 from the April low), 0.8950.
  • Alternative recommendation: buy entry is started from 0.8830 (MA 200), 0.8810 (Fibo. 50.0 from the April low), 0.8790.

This cross remains in some uncertainty due to the preservation of the lateral trend and the formation of the lateral triangle.

EUR JPY (current price: 132.00)

  • Support levels: 131.40 (minimum of the last months), 130.50, 129.80 (Fib. 23.6 from the low of the current year).
  • Resistance levels: 133.30, 134.40 (the maximum of the current year), 135.00.
  • Computer analysis: MACD (signal – upward motion): the indicator is above 0, the signal line is in the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, low volatility.
  • The main recommendation: sale entry is started from 132.30 (MA 200), 132.50, 132.80.
  • Alternative recommendation: buy entry is started from 131.70, 131.40, 131.00.

The euro is restrained against the yen, but keeps the overall downtrend across the cross, indicating a potential for a decline.

GBP JPY (current price: 149.10)

  • Support levels: 147.00 (minimum of last months), 144.20 (Fibo, 50.0 from the low of April), 141.50.
  • Resistance levels: 151.30, 152.80 (the maximum of the current year), 155.40.
  • Computer analysis: MACD (signal-flat): the indicator is near 0. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, low volatility.
  • The main recommendation: sale entry is started from 149.50 (MA 100), 149.80 (MA 200), 150.20.
  • Alternative recommendation: buy entry is started from 148.70 (Fibo. 23.6 from the April low), 148.40, 148.20.

The pound is also limited in growth against the yen, which may further indicate a resumption of decline.

EUR CHF (current price: 1.1560)

  • Support levels: 1.1500, 1.1450 (Fibo. 23.6 from the low of the current year), 1.1350.
  • Resistance levels: 1.1700 (the maximum of the current year), 1.1750, 1.1800.
  • Computer analysis: MACD (signal – downward motion): the indicator is below 0, the signal line is in the body of the histogram. RSI is in the neutral zone. Bollinger Bands (period 20): neutral, declining volatility.
  • The main recommendation: sale entry is started from 1.1580 (MA 100), 1.1600 (MA 200), 1.1630.
  • Alternative recommendation: buy entry is started 1.1550, 1.1530 (local minimum), 1.1500.

Euro franc also remains in a downtrend, but is limited to significant support of 1.1550. It is possible to repel from this level.

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