Good morning fellow traders. It’s time to perform an indicator analysis of the major currency pairs. Today we expect fundamental news from the United States. We check the economic calendar at the following time:
USA: 4:00 p.m.; 16:45; 17:00; 18:15.
Do not forget that the release of news is one of the most unfavorable moments for entering a position.
Let’s move on to technical analysis.
Signals on EURUSD
Let’s analyze the indicator data on the four-hour (H4) timeframe.
- BB: The bands are widened and gradually transitions to a neutral state. The price has rebounded from the upper limit and is currently continuing to decline.
- MACD: the bars are close to the zero level and are ready to move to the negative area.
- RSI: the line after a temporary decline makes an upward correction.
Possible pivot points
Support: 1.1244; 1,12250; 1,1215.
Resistance: 1.1258; 1,127; 1,1285.
Recommendations: sell after the price approaches one of the resistance levels.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: the bands are in a parallel state, the price has formed a strong support level below the midline.
- MACD: the bars have made a transition to the positive zone, which indicates a gradually increasing strength of the upward momentum.
- RSI: The line is pointing upwards at a clear angle.
Possible pivot points
Support: 1.2968 1.2946 1.2929.
Resistance: 1.3000; 1,3050; 1,3075.
Recommendations: we enter the buy after breaking through and consolidating above one of the resistance levels.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: The bands are moving into neutral, confirming the weakness of the downtrend.
- MACD: bars from the negative area approached the zero line.
- RSI: the line goes into a downward state after temporary growth.
Possible pivot points
Support: 100.40; 100,00; 99,80.
Resistance: 100.90; 101,00; 101,15.
Recommendations: buy only after overcoming one of the resistance levels.
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