Good morning colleagues. After yesterday’s presidential debate, the markets have temporarily stabilized and it’s time to perform an indicator analysis of key currency pairs.
We check the economic calendar at the following time:
USA: 3:30 p.m.; 15:45; 17:00; 17:10; 17:30; 23:35.
Eurozone: 12:00; 17:30.
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: Stripes in neutral. The price rebounded from the lower border and settled below the middle line. An upward momentum is expected in the near future.
- MACD: the bands are in the negative zone, but their size is gradually decreasing.
- RSI: the line enters the growth stage.
Possible pivot points
Support: 1.1205; 1,1196; 1,1185.
Resistance: 1.1220; 1,1235; 1,1250.
Recommendations: buy from support levels.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: the bands narrow and go into a neutral position. The price, after a recent breakdown, is above the midpoint border. This indicates a gradual build-up of the uptrend.
- MACD: bars in the positive zone.
- RSI: the line after temporary growth begins to decrease. This indicates an incomplete downward correction.
Possible pivot points
Support: 1.2985, 1.2960, 1.2929.
Resistance: 1.3000; 1,3050; 1,3075.
Recommendations: we are looking for buy entries from the formed support levels.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: Stripes in neutral. The price has broken through the middle line and is currently trying to gain a foothold above its border.
- MACD: the bars have moved into the positive area and are starting to increase gradually.
- RSI: the line changes the angle of inclination after growth. This indicates the proximity of a strong support level.
Possible pivot points
Support: 100.60; 100,40; 99,80.
Resistance: 100.90; 101,00; 101,15.
Recommendations: buy only after overcoming one of the resistance levels.
Choose trusted binary options brokers, act deliberately, and don’t pay attention to skeptics who give up after the first defeat.
Good luck!
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