Good morning. Outside the window, the first working day of October and the time to analyze the movement of major foreign exchange assets. A lot of significant news is expected today, so we look at the Economic Calendar at the following time:
- USA: 4:45 p.m.; 17:00.
- Eurozone: 10:55; 11:00.
- UK: 11:30 a.m.; 22:30.
- Russia: 16:00.
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 neutral state, the price has formed a resistance level near the upper Bollinger band. We are waiting for a downward correction.
- MACD: bands in the positive zone, which indicates a possible resumption of the uptrend.
- RSI: the line has made a reversal and is starting to decrease.
Possible pivot points
Support: 1.1225; 1,1200; 1,1160.
Resistance: 1.1235; 1,1243; 1,1249.
Recommendations: sold from resistance levels.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: the bands are in neutral, the price has broken through the lower limit of Bollinger under the pressure of the news.
- MACD: the bars are located in the negative zone and show a strong downward signal.
- RSI: the line is decreasing and preparing to enter the oversold zone.
Recommendations: it is better to skip transactions on this pair today, because. The price has approached an all-time low, there are no clear support levels, and there are no prerequisites for recovery yet.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: The bands are starting to take on an upward slope. The price is above the midpoint of the Bollinger band and is ready to continue the upward movement.
- MACD: bars in the positive zone.
- RSI: the line is in a neutral state, which indicates that the downward correction is incomplete.
Possible pivot points
Support: 101.32; 101,00; 100,750.
Resistance: 101.50; 101,80; 102,00.
Recommendations: we are looking for buy entry points in the zone of support levels.
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