Technical analysis of cross-rates. (Anton Hanzenko)
EUR GBP (current price: 0.8710)
- Support levels: 0.8730 (minimum of the last months), 0.8650, 0.8530.
Resistance levels: 0.8810, 0.8900, 0.9050 (November 2016 high). - Computer analysis: MACD (12, 26, 9) (signal-upward movement): the indicator is below 0, the signal line has left the histogram bar. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (signal-going traffic): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is started from 0.8730,0.8760, 0.880.
- Alternative recommendation: buy entry is started from 0.8700, 0.8680, 0.8650.
The euro pound slowed down the downward after a significant decline. As a result, it was updated by the last month’s low, indicating the possibility of a correction.
EUR JPY (current price: 135.40)
- Support levels: 134.40 (September 2017 maximum) 131.40, 127.40.
Resistance levels: 136.80 (October 2015 high), 139.00 (August 2015 maximum), 140.90. - Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is below 0, the signal line is in the body of the histogram. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (signal – downward movement): the Tenkan-sen line is above the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is started from 135.60, 135.70, 135.90.
- Alternative recommendation: buy entry is started from 135.20, 135.00, 134.80.
Euro yen is traded in a downtrend, restrainedly trading near significant resistance.
GBP JPY (current price: 154.40)
- Support levels: 152.80 (high of September 2017), 150.00, 147.00.
Levels of resistance: 155.40, 158.00, 160.30. - Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line has left the histogram bar. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (signal – upward movement): the Tenkan-sen line is above the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is started from 155.80, 156.00, 156.40.
- Alternative recommendation: buy entry is started from 155.10, 154.70, 154.40.
The pound yen pair is traded with the strengthening on the positive dynamics of the British, while limiting itself to overbought.
EUR CHF (current price: 1.1690)
- Support levels: 1.1600 (minimum December 2017), 1.1550 (November 2017 minimum), 1.1500.
Resistance levels: 1.1700 (the maximum of the current year), 1.1750, 1.1800. - Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is below 0, the signal line is in the body of the histogram. RSI (14) is in the oversold zone. IchimokuKinkoHyo (9,26,52) (signal – downward movement, flat): the Tenkan-sen line is below the line Kijun-sen, the price is in the cloud.
- The main recommendation: sale entry is started from 1.1700, 1.1720, 1.1750.
- Alternative recommendation: buy entry is started from 1.1680, 1.1650, 1.1630.
The euro franc pair was under pressure due to the increased risks. And, as a result, the upward trend was broken.