Hello fellow traders. Today is Monday, the beginning of a new week and it’s time for an indicator analysis of major currency assets.
News of the day
We check the economic calendar at the following time:
• USA: 16:00; 16:05; 16:45; 21:00.
• Eurozone: 11:00.
• UK: 13:00.
• Canada: 3:30 p.m.; 22:30.
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 widened and pointing downwards at a slight downward angle. The price has formed a support level near the lower Bollinger band and is moving towards the midfield. We expect a breakdown.
• MACD: the bars are preparing to leave the negative zone.
• RSI: the line has left the oversold zone and is gradually resuming growth.
Possible pivot points
Support: 1.0875; 1,0850; 1,0800.
Resistance:1.0900; 1,0925; 1,0960.
Recommendations: we trade for an increase immediately after the nearest support level is passed.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
• BB: the bands are narrowed, in the neutral position. The price is below the midline, preparing to perform a breakdown.
• MACD: bars move into the positive zone.
• RSI: the line is increasing.
Possible pivot points
• Support: 1.2220; 1,2200; 1,2160.
• Resistance: 1.2245; 1,2280; 1,2300.
Recommendations: we are waiting for a rollback to one of the support levels and buy from its borders.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
• BB: the bands are in a parallel state, the price forms a strong resistance level above the midpoint of the Bollinger band.
• MACD: bars near the zero line.
• RSI: the line is decreasing.
Possible pivot points
Support: 103.85; 103,30; 103,00.
Resistance: 103.95; 104,30; 104,50.
Recommendations: sell from resistance levels.
Cooperate with trusted binary options brokers, keep a trading diary and regularly analyze your mistakes.
Have a great week everyone!
Tagged with: Binary Options Signals • Binary Options Signals • Binary Options Trading Signals
