Good morning, dear traders. In this review, we will consider the 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: 1:15 p.m.; 17:00.
- UK: 14:00; 14:30.
- Eurozone: 11:00 a.m.
- Russia: 16:00.
Do not forget that the release of news is one of the most unfavorable moments for entering a position. Pay special attention to the UK today.
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: located in a neutral position, indicating the uncertainty of the pair.
- MACD: decreasing, fixing a temporary downward movement.
- RSI: decreasing at a clear downward angle, confirming a downward correction. However, the proximity of the oversold zone indicates the imminent completion of this micro-trend.
Possible pivot points
Support: 1.1017; 1,1077; 1,1113.
Resistance: 1.1173; 1,1209; 1,1269; 1,1305.
Recommendations: we focus on support points and after reaching them, we enter the purchase.
Rating of binary options brokers
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: indicates a neutral trend.
- ACD: the bars are in the negative zone, but their small size confirms the uncertainty of the movement on this pair.
- RSI: decreasing, indicating a temporary decrease in the asset.
Possible pivot points
Support: 1.3184; 1,3231; 1,3279.
Resistance: 1.3326; 1.3374; 1.3421; 1,3469.
Recommendations: the day is oversaturated with fundamental events. Many investors fix positions and do not want to take risks. Therefore, we are waiting for the pair’s reaction to the news and do not trade until tomorrow.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: indicate a downtrend.
- MACD: increasing, fixing an upward corrective movement.
- RSI: the line is pointing upwards, which confirms the strength of the temporary correction.
Possible pivot points
Support: 99.92; 100,32; 100,78.
Resistance: 101.18; 101,64; 102,04; 102,50.
Recommendations: given the strength of the upward correction, we can make an assumption about a market reversal. Therefore, we focus on resistance points and buy from their borders.
Technical analysis combined with the correct application of economic information and a trusted binary options broker guarantees a positive result.
Have a good day!
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