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

Technical analysis of cross-rates. (Anton Hanzenko)

EUR GBP (current price: 0.8840)

  • 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, declining volatility.

  • The main recommendation: sale entry is started from 0.8870,0.8900 (MA 200), 0.8930.
  • Alternative recommendation: buy entry is started from 0.8830, 0.8810 (Fibo. 50.00 from the April’s low), 0.8790.

The downward dynamics of the cross-rate remains in force, but is limited to significant support of 0.8840-10.

EUR JPY (current price: 132.00)

  • 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-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 131.90, 132.50 (MA 200), 132.90.
  • Alternative recommendation: buy entry is started from 131.40, 131.00 (November minimum), 130.60.

The euro remains under pressure, despite the ambiguity in the euro area and the formation of a flat on the cross.

GBP JPY (current price: 149.20)

  • 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 – upward 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, declining volatility.
  • The main recommendation: sale entry is started from 148.60, 148.80 (MA 100), 148.90 (MA 200).
  • Alternative recommendation: buy entry is started from 148.10, 147.80, 147.50.

The pound-yen remains near significant resistance, which indicates the possibility of returning the pair to the channel.

EUR CHF (current price: 1.1660)

  • 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 – 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 1.1660 (MA 100), 1.1700, 1.1730.
  • Alternative recommendation: buy entry is started from 1.1600, 1.1570, 1.1550.

The euro-franc pair maintains an upward trend in the overall upward trend.

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