Technical analysis of cross-rates. (Anton Hanzenko)
EUR GBP (current price: 0.8820)
- 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 body of the histogram. RSI (14) 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 0.8850,0.8870, 0.8900.
- Alternative recommendation: buy entry is started from 0.8800, 0.8780, 0.8760.
The euro pound pair keeps the downward trend, limited to the support level of 0.8810-20.
EUR JPY (current price: 130.20)
- Support levels: 130.20, 128.50, 126.80.
- Resistance levels: 133.00, 134.50, 136.80.
- 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 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 130.40, 130.80, 131.30.
- Alternative recommendation: buy entry is started from 130.20, 130.00, 129.70.
The euro yen returned to the sideways trend, now testing the lower border of the side channel on the yen’s recovery.
GBP JPY (current price: 147.60)
- Support levels: 146.00, 144.50, 143.50.
- Resistance levels: 148.00, 150.00, 151.50.
- 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. IchimokuKinkoHyo (9,26,52) (signal-downward movement): the Tenkan-sen line below the Kijun-sen line, the price is below the cloud.
- The main recommendation: sale entry is started from 148.00, 148.30, 148.70.
- Alternative recommendation: buy entry is started from 147.20, 146.80, 146.50.
The pound-yen pair also emerged from an uptrend on the growth of the Japanese currency.
EUR CHF (current price: 1.1690)
- 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-flat): indicator near 0. RSI (14) in the neutral zone. IchimokuKinkoHyo (9,26,52) (flat signal): the Tenkan-sen line near the Kijun-sen line, the price in the cloud.
- The main recommendation: sale entry is started from 1.1730, 1.1750, 1.1780.
- Alternative recommendation: buy entry is started from 1.1650, 1.1630, 1.1600.
The euro-franc pair continues to trade in a narrow flat.