Technical analysis of cross-rates. (Anton Hanzenko)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
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EUR GBP (current price: 0.8880)
- Support levels: 0.8900, 0.8850, 0.8800.
- Resistance levels: 0.9000 (strong psychology), 0.9070, 0.9150.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is below 0, the signal line in the body of the histogram. RSI (14) in the oversold zone. Ichimoku Kinko Hyo (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 from 0.8900, 0.8920, 0.8940.
- Alternative recommendation: buy entry is from 0.8870, 0.8850, 0.8830.
The euro pound pair is trading in a downtrend, limited to oversold.
EUR JPY (current price: 131.90)
- Support levels: 129.00, 128.00, 126.00.
- Resistance levels: 131.00, 132.50, 133.50.
- Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): the Tenkan-sen line above the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is from 132.00, 132.30, 132.80.
- Alternative recommendation: buy entry is from 131.50, 131.20, 131.00
The euro yen pair remains under pressure of risks, which caused a slowdown in the uptrend.
GBP JPY (current price: 148.60)
- Support levels: 145.00, 143.10, 141.50.
- Resistance levels: 146.00, 147.00, 149.00.
- Computer analysis: MACD (12, 26, 9) (signal-flat): indicator near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): the Tenkan-sen line above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is from 148.70, 149.80, 149.30.
- Alternative recommendation: buy entry is from 148.30, 148.00, 147.70.
A pair of pound yen demonstrates restrained growth on the weakness of the euro.
EUR CHF (current price: 1.1360)
- Support levels: 1.1270, 1.1200, 1.1150.
- Resistance levels: 1.1330, 1.1400, 1.1450.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is higher than 0, the signal line has left the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (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 from 1.1380, 1.1400, 1.1430.
- Alternative recommendation: buy entry is from 1.1340, 1.1300, 1.1270.
The euro-franc pair has moved to a correction on the growth of risks, maintaining an upward trend.