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: 0.8820)
- Support levels: 0.8800, 0.8750, 0.8700.
- Resistance levels: 0.8900 (strong psychology), 0.9000, 0.9050.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is above 0, the signal line in the body of the histogram. RSI (14) in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line is above Kijun-sen line, the price is above the cloud.
- The main recommendation: sale entry is from 0.8830, 0.8850, 0.8880.
- Alternative recommendation: buy entry is from 0.8800, 0.8770, 0.8750.
The euro pound pair accelerated growth on the slowdown in Brexit negotiations.
EUR JPY (current price: 129.30)
- Support levels: 129.00, 128.00, 126.00.
- Resistance levels: 131.00, 132.50, 133.50.
- 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 area. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is from 129.50, 129.80, 131.20.
- Alternative recommendation: buy entry is from 129.00, 128.50, 129.350
Euro yen remains under pressure from negative sentiment.
GBP JPY (current price: 146.60)
- Support levels: 145.00, 143.10, 141.50.
- Resistance levels: 146.00, 147.00, 149.00.
- 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 area. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is from 147.00, 147.50, 147.80.
- Alternative recommendation: buy entry is from 146.20, 146.00, 145.50.
A pair of pound yen accelerated the decline on renewed risks for Brexit.
EUR CHF (current price: 1.1450)
- 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 below 0, the signal line in the body of the histogram. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (flat signal): Tenkan-sen line is below Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is from 1.1480, 1.1500, 1.1520.
- Alternative recommendation: buy entry is from 1.1430, 1.1400, 1.1380.
A pair of euro franc moved to a correction to reduce risks, but maintains an uptrend.