Good morning, colleagues. Below is an indicator analysis of the main currency assets, which allows you to filter out false fluctuations and trade in the right direction.
Main news of the day
We check the economic calendar at the following time:
- USA: 3:15 p.m.; 16:45; 17:00; 17:30.
- UK: 11:30 a.m.
- Eurozone: 12:00.
Do not forget that the release of news is one of the most unfavorable moments for entering a position.
Let’s move on to the technical analysis of the main assets.
Signals on EURUSD
Let’s analyze the indicator data on the four-hour (H4) timeframe.
- BB: indicate an uptrend.
- MACD: is in the zero area, which indicates a high probability of a market reversal.
- RSI: exits the overbought zone, which increases the probability of a reversal.
Possible pivot points
Support: 1.1198; 1,1203; 1,1207.
Resistance: 1.1212; 1,1216; 1,1221; 1,1225.
Recommendations: we focus on resistance points and after reaching them, we enter the sale.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: indicates a neutral trend.
- MACD: the bars are in the positive zone, but their small size confirms the uncertainty of the movement on this pair.
- RSI: exits the overbought zone and indicates a temporary decrease in the asset.
Possible pivot points
Support: 1.3294; 1,3304; 1,3315.
Resistance: 1.3325; 1.3336; 1.3346; 1,3357.
Recommendations: yesterday the pair grew slightly, so we expect a corrective pullback. We sell from resistance points.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: indicate a downtrend.
- MACD: is in the zero area, which indicates a high probability of a market reversal.
- RSI: comes out of the oversold zone, which confirms the possibility of a market correction.
Possible pivot points
Support: 100.17; 100,46; 100,76.
Resistance: 101.05; 101,35; 101,64; 101,94.
Recommendations: trade in the direction of the downtrend and sell from resistance points.
A comprehensive study of technical analysis and economic news allows you to make the right decisions. So that no one affects your result, choose only trusted binary options brokers.
We wish you all a profitable day!
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