Technical analysis of cross-rates. (Anton Hanzenko)
EUR GBP (current price: 0.8720)
- Support levels: 0.8730 (minimum of the last months), 0.8650, 0.8530.
- Resistance levels: 0.8810, 0.8900, 0.9050 (November 2016 maximum).
- Computer analysis: MACD (12, 26, 9) (signal- downward movement): the indicator is below 0, the signal line is in the body of the histogram. RSI (14) is in the oversold zone. IchimokuKinkoHyo (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 started from 0.8730,0.8760, 0.8790.
- Alternative recommendation: buy entry is started from 0.8700, 0.8680, 0.8650.
The euro pound pair is traded lower because of the downtrend, while this pair is limited to a significant support level 08690.
EUR JPY (current price: 136.20)
- Support levels: 134.40 (September 2017 maximum) 131.40, 127.40.
- Resistance levels: 136.80 (October 2015 maximum), 139.00 (August 2015 maximum), 140.90.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is above 0, the signal line is in the body of the histogram. RSI (14) is in the overbought zone. IchimokuKinkoHyo (9,26,52) (signal – upward movement): the Tenkan-sen line is above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is started from 136.30, 136.50, 136.80.
- Alternative recommendation: buy entry is started from 135.80, 135.50, 135.30.
The euro yen broke a significant resistance at 136.00 on the yen’s total sell-off, as the euro’s potential for growth is limited, which can cause correction and a price return below the support level.
GBP JPY (current price: 156.20)
- Support levels: 152.80 (September 2017 maximum), 150.00, 147.00.
- Levels of resistance: 155.40, 158.00, 160.30.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is above 0, the signal line is in the body of the histogram. RSI (14) is in the overbought zone. IchimokuKinkoHyo (9,26,52) (signal – upward movement): the Tenkan-sen line is above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is started from 156.40, 156.60, 156.90.
- Alternative recommendation: buy entry is started from 155.40, 155.00, 154.70.
The pair pound yen also strengthened on the yen’s sellout, but the upward dynamics of this pair is limited by overbought and upper bound of the rising channel.
EUR CHF (current price: 1.1570)
- Support levels: 1.1600 (December 2017 minimum), 1.1550 (November 2017 minimum), 1.1500.
- Resistance levels: 1.1700 (the maximum of the current year), 1.1750, 1.1800.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line has left the histogram bar. RSI (14) is in the neutral zone. IchimokuKinkoHyo (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 started from 1.1600, 1.1630, 1.1650.
- Alternative recommendation: buy entry is started from 1.1550, 1.1520, 1.1500.
The euro franc pair maintains a sideways trend, keeping the potential for strengthening.