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: 0.9040)
- Support levels: 0.8900, 0.8850, 0.8750.
- Resistance levels: 0.9050, 0.9150, 0.9200.
- 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 the Kijun-sen line, the price is above the cloud.
- Primary recommendation: sale entry is from 0.9050, 0.9080, 0.9100.
- Alternative recommendation: buy entry is from 0.9020, 0.9000, 0.8980.
A pair of euro pound traded with a strengthening, limited to overbought and side channel.
EUR JPY (current price: 124.80)
- Support levels: 123.00, 120.00, 115.50.
- Resistance levels: 128.00, 131.00, 133.00.
- Computer analysis: MACD (12, 26, 9) (signal – flat): the indicator is near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – flat): Tenkan-sen line near Kijun-sen line, the price is in the cloud.
- The main recommendation: sale entry is from 125.30, 125.80, 126.20.
- Alternative recommendation: buy entry is from 124.50, 124.00, 123.60
The euro yen is showing a restraint movement in flat on uncertainty.
GBP JPY (current price: 137.90)
- Support levels: 135.50, 131.50, 128.00.
- Resistance levels: 144.00, 149.00, 154.00.
- Computer analysis: MACD (12, 26, 9) (signal – flat): the indicator is near 0. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is from 138.50, 138.80, 139.40.
- Alternative recommendation: buy entry is from 137.20, 136.50, 136.20.
A pair of pound yen keeps reticently downward trend, at risk in the UK.
EUR CHF (current price: 1.1320)
- Support levels: 1.1270, 1.1200, 1.1150.
- Resistance levels: 1.1350, 1.1430, 1.1500.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line came out of the histogram body. RSI (14) in the overbought zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line is above the Kijun-sen line, the price is above the cloud.
- The main recommendation: sale entry is from 1.1350, 1.1380, 1.1400.
- Alternative recommendation: buy entry is from 1.1300, 1.1270, 1.1250.
The euro franc is trading lower on correction after growth.