Binary options signals for September 01

Good morning everyone. So autumn has come, and we continue to trade. Let’s perform an indicator analysis and make an overview of the main fundamental events that can affect the market today. 
Main news of the day
We check the economic calendar at the following time:

• USA: 3:30 p.m.; 15:15; 16:45; 17:00; 19:25.
• Eurozone: 11:00 a.m.; 19:00.
• Russia: 16:00.
• UK: 11:30 a.m.

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 begin to narrow and lose their downward slope angle. This indicates the instability of the pair and a possible upward correction. 
• MACD: bars above the midline confirm the probability of an upward movement.
• RSI: The line has a faint decreasing angle that prepares to move to a horizontal position. 

Possible pivot points
Support:  1.1128; 1.1100; 1,1089.    
Resistance:  1.1155; 1.1190; 1,1215.
Recommendations: buy after breaking through and fixing the price above the resistance points.

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Signals on GBPUSD

Let’s analyze the data of indicators on H4. 

• BB: The bands are parallel to each other, however a strong upward momentum gap the upper boundary. This may be the reason for the development of a new upward trend. 
• MACD: bars in the positive zone, confirm the bullish mood of the participants.
• RSI: the line rises and begins to enter the overbought zone. 

Possible pivot points
Support: 1.3200; 1,3225 1,3167    
Resistance:  1.3262; 1.3300; 1.2340.
Recommendations: buy from support levels.
 

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Signals for USDJPY

Let’s analyze the indicator data on the four-hour H4. 

• BB: the bands are increasing, the price is consolidating near the upper limit.
• MACD: the bars begin to gradually move into the negative zone.
• RSI: the line begins to exit the overbought zone, which increases the likelihood of a downward correction. 

Possible pivot points
Support:  103.05; 102.86; 102,40.
Resistance:  103.66; 104.00; 104,25.
Recommendations:  sell  from resistance levels.

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Have a great month everyone!

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