Hello colleagues. Congratulations to everyone on the start of the new trading month. Today, the Economic Calendar must be checked at the following times:
Eurozone: 12:15 p.m.
USA: 4:45 p.m.; 17:00; 18:00.
Let’s consider trading signals.
EURUSD
Analysis H 4:
The general trend is neutral.
The price is approaching the level of 1.1100 (resistance).
- MACD: in the positive zone.
- RSI: increases.
Recommendations for M 5 – H 1: the price has not left the level corridor of 1.1080 and 1.1200 for several days. Therefore, from 1.1080 we are looking for buy entries up to 1.1200. Next, we monitor the price reaction:
breakout + consolidation – continue to buy;
Slowdown – we do not trade, because the probability of a recession is low.
GBPUSD
Analysis H 4:
The general trend is neutral.
The price is approaching the level of 1.3300 (support).
- MACD: in the positive zone.
- RSI: increases.
Recommendations for M 5 – H 1: the pound weakened slightly again yesterday. From the level of 1.3300, we are looking for short buy entries.
USDJPY
Analysis H 4:
The general trend is neutral.
The price is approaching the level of 102.50.
- MACD: in the positive zone.
- RSI: decreasing.
Recommendations for M 5 – H 1: the flat has dragged on. We still expect a breakthrough of the level of 103.00. Without this, we do not trade and temporarily forget about sales.
For trading to be successful, use the services of only trusted brokers.
Have a good day!
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