Good morning everyone and the beginning of a new day. Now an indicator analysis of key currency assets will be made, with the help of which you will be able to determine profitable entries into the position.
Main news of the day
We check the economic calendar at the following time:
- Eurozone: 9:00 a.m.
- UK: 11:30 a.m.; 17:00.
- USA: 3:30 p.m.
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 technical analysis.
Signals on EURUSD
Let’s analyze the indicator data on the four-hour (H4) timeframe.
- BB: I have a weak decreasing angle of inclination, which indicates a temporary decline in the asset.
- MACD: the bars are located near the zero level, which emphasizes the instability of the movement.
- RSI: the indicator is decreasing, approaching the oversold zone.
Possible pivot points
Support: 1.1036; 1.1053; 1,1073.
Resistance: 1.1110; 1,1127; 1,1147.
Recommendations: we trade in the channel (we buy from support points, we sell from resistance). Since the movement does not have a clear trend, we work with a short expiration period.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: narrowed and directed at a slight downward angle, indicating a temporary downward correction.
- MACD: are near the zero level.
- RSI: The indicator has entered the oversold zone. This indicates the imminent completion of the downward correction and a possible upward momentum.
Possible pivot points
Support: 1.29394; 1.2982; 1,3011.
Resistance: 1.3054; 1.3083; 1.3126; 1,3155.
Recommendations: from the points of support we enter the purchase.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: directed upwards, which confirms the upward movement.
- MACD: bars in the positive zone.
- RSI: the line comes out of the overbought zone, which increases the likelihood of a downward correction.
Possible pivot points
Support: 100.91; 101.31; 101,87.
Resistance: 102.27; 102,83; 103,23; 103,79.
Recommendations: we focus on support points and buy from their borders.
Choose trusted binary options brokers, conduct technical analysis, focus on the news and trade in a disciplined manner.
Good trading everyone!
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