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: 0.8860)
- 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 oversold area. Ichimoku Kinko Hyo (9, 26, 52) (signal – flat): Tenkan-sen line is above Kijun-sen, the price is in the cloud.
- The main recommendation: sale entry is from 0.8870, 0.9000, 0.9020.
- Alternative recommendation: buy entry is from 0.8840, 0.8820, 0.8800.
The euro pound pair is trading downward under the correction pressure, maintaining an upward trend.
EUR JPY (current price: 122.20)
- 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 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 is above Kijun-sen, the price is above the cloud.
- The main recommendation: sale entry is from 122.30, 122.50, 122.80.
- Alternative recommendation: buy entry is from 122.00, 121.70, 121.50
Euro yen is trading with a strengthening on reducing risks, while maintaining upward momentum.
GBP JPY (current price: 137.80)
- Support levels: 135.50, 131.50, 128.00.
- Resistance levels: 144.00, 149.00, 154.00.
- 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 neutral 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 138.00, 138.30, 138.50.
- Alternative recommendation: buy entry is from 137.50, 137.30, 137.00.
A pair of pound yen is trading with a strengthening on correction, limited to overbought.
EUR CHF (current price: 1.1180)
- Support levels: 1.1270, 1.1200, 1.1150.
- Resistance levels: 1.1350, 1.1430, 1.1500.
- 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 neutral zone. Ichimoku Kinko Hyo (9, 26, 52) (signal – upward movement): Tenkan-sen line near Kijun-sen line, the price is above the cloud.
- The main recommendation: sale entry is from 1.1200, 1.1220, 1.1240.
- Alternative recommendation: buy entry is from 1.1170, 1.1150, 1.1130.
A pair of euro franc keeps upward trend on the correction.