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: 0.8710)
- Support levels: 0.8750, 0.8700, 0.8650.
- Resistance levels: 0.8850, 0.8900, 0.9000.
- Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line came out of the histogram body. RSI (14) in the neutral zone. 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 0.8730, 0.8750, 0.8780.
- Alternative recommendation: buy entry is from 0.8680, 0.8650, 0.8630.
The euro pound pair remains under pressure from Brexit negotiations and Italian budget risks, limited to a narrow trading range.
EUR JPY (current price: 129.00)
- 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 129.20, 129.50, 129.80.
- Alternative recommendation: buy entry is from 128.70, 128.50, 128.20
The euro yen slowed growth, indicating the possibility of a reversal.
GBP JPY (current price: 148.10)
- Support levels: 147.00, 145.00, 143.00.
- Resistance levels: 149.00, 150.00, 151.00.
- 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 148.50, 149.00, 149.30.
- Alternative recommendation: buy entry is from 148.00, 147.50, 147.00.
A pair of pound yen slowed growth on the correction and growth risks.
EUR CHF (current price: 1.1430)
- Support levels: 1.1350, 1.1270, 1.1200.
- Resistance levels: 1.1450, 1.1500, 1.1550.
- 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) (signal – downward movement): Tenkan-sen line is below Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is from 1.1430, 1.1450, 1.1480.
- Alternative recommendation: buy entry is from 1.1420, 1.1400, 1.1380.
A pair of euro franc moved to a decrease in the correction after growth, while maintaining an upward trend.