Technical analysis of cross-rates. (Anton Hanzenko)
EUR GBP (current price: 0.8870)
- Support levels: 0.8730 (minimum of the last months), 0.8650, 0.8530.
- Resistance levels: 0.8810, 0.8900, 0.9050 (November 2016 maximum).
- Computer analysis: MACD (12, 26, 9) (signal-flat): the indicator is near 0. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (flat signal): the Tenkan-sen line is near the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is started from 0.8880,0.8900, 0.8920.
- Alternative recommendation: buy entry is started from 0.8850, 0.8820, 0.8800.
A pair of euro pound remains in flat on the formation of a bearish divergence (indicator Forex MACD). Also, this cross continues to be limited by a downward trend.
EUR JPY (current price: 132.80)
- Support levels: 134.40 (September 2017 maximum) 131.40, 127.40.
- Resistance levels: 136.80 (October 2015 maximum), 139.00 (August 2015 maximum), 140.90.
- Computer analysis: MACD (12, 26, 9) (signal-flat): the indicator is near 0. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (flat signal): the Tenkan-sen line is below the Kijun-sen line, the price is higher than the cloud.
- The main recommendation: sale entry is started from 133.20, 133.40, 133.80.
- Alternative recommendation: buy entry is started from 132.40, 131.90, 131.40.
The euro is traded in a sideways trend, adjusting after the decline, while maintaining a downtrend.
GBP JPY (current price: 149.30)
- Support levels: 150.00, 148.00, 147.00.
- Levels of resistance: 153.90, 155.40, 158.00, 160.30.
- Computer analysis: MACD (12, 26, 9) (signal-flat): the indicator is near 0. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (flat signal): 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 150.00, 150.50, 150.880.
- Alternative recommendation:buy entry is started from 148.80, 148.50, 148.00.
A pound yen also remains in flat, but keeps a downward trend.
EUR CHF (current price: 1.1520)
- Support levels: 1.1500, 1.1450, 1.1400.
- Resistance levels: 1.1600, 1.1700 (the maximum of the current year), 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 neutral zone. IchimokuKinkoHyo (9,26,52) (signal- downward movement): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is started from 1.1540, 1.1570, 1.1600.
- Alternative recommendation: buy entry is started from 1.1510, 1.1500, 1.1480.
The euro franc pair maintains an upward trend in optimism, but the overall downtrend continues to persist.