Technical analysis of cross-rates. (Anton Hanzenko)
EUR GBP (current price: 0.8890)
- 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-flat): the indicator is near 0. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (flat signal): the Tenkan-sen line is below the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is started from 0.8900,0.8920, 0.8960.
- Alternative recommendation: buy entry is started from 0.8860, 0.8840, 0.8810.
The euro pound remains in the flat on the formation of the bearish divergence (indicator ForexMACD) and the inability of the cross to overcome the mark of 0.8900, which corresponds to the upper boundary of the descending channel.
EUR JPY (current price: 132.80)
- 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-flat): the indicator is near 0. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (signal-flat): the Tenkan-sen line is above the line Kijun -sen, the price is below the cloud.
- The main recommendation: sale entry is started from 133.20, 133.60, 134.10.
- Alternative recommendation: buy entry is started from 132.40, 131.90, 131.40.
The euro is traded in a sideways trend, correcting after the decline and limiting itself to a downtrend.
GBP JPY (current price: 149.30)
- Support levels: 150.00, 148.00, 147.00.
- Levels of resistance: 153.90, 155.40, 158.00, 160.30.
- Computer analysis: MACD (12, 26, 9) (signal-flat): the indicator is near 0. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (flat signal): the Tenkan-sen line is above the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is started from 149.70, 150.00, 150.50.
- Alternative recommendation: buy entry is started from 148.90, 148.50, 148.00.
The pound yen pair also moved to flat, but keeps a downward trend.
EUR CHF (current price: 1.1540)
- Support levels: 1.1500, 1.1450, 1.1400.
- Resistance levels: 1.1600, 1.1700 (the maximum of the current year), 1.1800.
- Computer analysis: MACD (12, 26, 9) (signal- downward movement): the indicator is above 0, the signal line has left the body of the histogram. RSI (14) is in the neutral 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 1.1570, 1.1600, 1.1620.
- Alternative recommendation: buy entry is started from 1.1520, 1.1500, 1.1480.
The euro franc pair maintains an upward trend due to the optimism, but the overall downtrend persists.