Good morning dear traders. Today is Tuesday and it’s time to perform an indicator analysis of key currency assets and consider fundamental events that can affect the market.
The main news of the day
We check the economic calendar at the following time:
- UK: 11:30 a.m.
- Eurozone: 12:00; 13:45.
- USA: 9:00 p.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 are in a parallel state, the price stands still and is below the midline.
- MACD: the bars are in the negative zone, but their size is small. This indicates a slight preponderance of the downward movement.
- RSI: line in a horizontal position. This indicates the instability of this pair.
Possible pivot points
Support: 1.1240; 1.1215; 1,1190.
Resistance: 1.1270; 1.1285; 1,1300.
Recommendations: sell only if the price breaks through one of the support levels.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: the bands are in a parallel state, the price has broken through the middle line.
- MACD: the bars are in the positive zone, but their size is small. This indicates the weakness of the uptrend.
- RSI: the line is decreasing, but approaching the oversold area.
Possible pivot points
Support: 1.3250; 1,3230 1,3200.
Resistance: 1.3290; 1.3300; 1.3330.
Recommendations: wait for the price to approach one of the resistance levels and then sell.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: the line is in a neutral position, the price breaks through the middle line in the bottom-up direction.
- MACD: the bars are in the negative zone, but their size is small and is preparing to move into the positive area.
- RSI: the line is increasing.
Possible pivot points
Support: 101.80; 101.50; 101,20.
Resistance: 102.30; 102.60; 103,00.
Recommendations: buy after the price fixes above one of the resistance levels.
Cooperate with trusted binary options brokers and do not despair if something temporarily does not work out. This happens in trading. If you do not stop, everything will work out.
Success!
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