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: 0.8680)
- Support levels: 0.8900, 0.8850, 0.8750.
- Resistance levels: 0.9050, 0.9150, 0.9200.
- Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line is out of the histogram body. RSI (14) in the neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line near Kijun-sen, the price is above the cloud.
- The main recommendation: sale entry is from 0.8700, 0.8720, 0.8750.
- Alternative recommendation: buy entry is from 0.8660, 0.8630, 0.8600.
A pair of euro pound will maintain an upward trend, limited to significant resistance and attempts at correction.
EUR JPY (current price: 122.70)
- Support levels: 123.00, 120.00, 115.50.
- Resistance levels: 128.00, 131.00, 133.00.
- 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 neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line near below Kijun-sen, price below the cloud.
- The main recommendation: sale entry is from 123.00, 123.30, 123.50.
- Alternative recommendation: buy entry is from 122.40, 122.00, 121.80
Euro yen is trading in a flat, keeping the downward trend.
GBP JPY (current price: 141.30)
- Support levels: 135.50, 131.50, 128.00.
- Resistance levels: 144.00, 149.00, 154.00.
- 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 neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – downward movement): Tenkan-sen line near Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is from 142.00, 142.30, 143.60.
- Alternative recommendation: buy entry is from 140.50, 140.20, 139.70.
A pair of pound yen is trading in a downward channel, while maintaining the potential for decline.
EUR CHF (current price: 1.1270)
- 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 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 the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is from 1.1300, 1.1330, 1.1350.
- Alternative recommendation: buy entry is from 1.1250, 1.1230, 1.1200.
A pair of euro franc maintains a moderately downward trend, limited to the trade channel and oversold.