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

Technical analysis of cross-rates. (Anton Hanzenko)

EUR GBP (current price: 0.8900)

  • 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 below 0, the signal line is in the body of the histogram. RSI is in the oversold zone. Bollinger Bands (period 20): oversold, growing volatility.

  • The main recommendation: sale entry is started from 0.8930 (Fibo. 38.2 from the April’s low), 0.8950, 0.8980.
  • Alternative recommendation: buy entry is started from 0.8880 (MA 200), 0.8850, 0.8830 (MA 100).

This cross accelerated the decline while working out the “head and shoulders”  figure.

EUR JPY (current price: 132.70)

  • Support levels: 131.40 (minimum of the last months), 130.50, 129.80 (Fibo. 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 – 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 133.10, 133.30, 133.60.
  • Alternative recommendation: buy entry is started from 132.50 (MA 200), 132.20, 132.00.

The Euro yen remains in the correction phase after growth and is limited by a downward trend.

GBP JPY (current price: 148.90)

  • 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, declining volatility.
  • The main recommendation: sale entry is started from 149.00 (MA 100), 149.30 (MA 200), 149.60.
  • Alternative recommendation: buy entry is started from 148.60, 148.20, 147.90.

The pound is trading in an established sideways trend.

EUR CHF (current price: 1.1680)

  • 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 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 1.1670 (local maximum), 1.1700, 1.1730.
  • Alternative recommendation: buy entry is started from 1.1630, 1.1600 (MA 100), 1.1580.

The euro franc pair was under pressure due to the flight from risks, but is also limited by an uptrend.

Вы с украины?