Good morning colleagues. Let’s consider the signals for today.
Times to visit the Economic Calendar:
Eurozone: 12:00; 16:00.
UK: 13:00.
USA: 5:00 p.m.; 21:30.
Signal for the EURUSD pair
Analysis H 4:
The general trend is increasing.
The price is near the level of 1.1350 (resistance).
- MACD: in the positive zone.
- RSI: increases.
Recommendations for M 5 – H 1: the price is sandwiched between the levels of 1.1300 and 1.1380 and cannot decide on the further direction. We are looking for buy entries from 1.1300, for sale from 1.1380.
Signal for the GBPUSD pair
Analysis H 4:
General trend: upward.
The price is near the level of 1.4700 (support).
- MACD: in the positive zone.
- RSI: rising, but is in the overbought zone.
Recommendations for M 5 – H 1: this currency pair has been growing rapidly for several days. Today or tomorrow we expect a price pullback. Buy entries should be looked for from the levels: 1.4600, 1.4550.
Signal for the USDJPY pair
Analysis H 4:
General trend: decreasing.
The price approached the level of 104.60 (resistance).
- MACD: in the positive zone.
- RSI: increases.
Recommendations for M 5 – H 1: follow the price reaction to the level of 105.00. If a breakout occurs, we enter the purchase. In the opposite case, we are looking for sell entries.
Your results should depend only on you. Therefore, trade only with trusted brokers.
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We wish you good luck.
