Good morning fellow traders. Today is Friday and it’s time to perform indicator analysis and make a list of fundamental events that can affect the market.
The main news of the day
We check the economic calendar at the following time:
- Eurozone: 09:00; 16:00; 22:30.
- UK: 11:30 a.m.; 22:30.
- Canada: 3:30 p.m.
- USA: 2:45 p.m.; 16:30; 20:00; 22:30.
- Russia: 10:30 p.m.
- Japan: 10:30 p.m.
- Australia: 22:30.
Do not forget that 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 have a faint ascending angle and are about to go into neutral. The price is approaching the middle of the Bollinger Band.
- MACD: the bars are concentrated near the zero line and are ready to move to the negative zone.
- RSI: the line is horizontal, preparing to form a descending angle.
Possible pivot points
Support: 1.1262; 1.1255; 1,1240.
Resistance: 1.1282; 1.1300; 1,1320.
Recommendations: sell only if the price breaks through one of the support levels.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: the bands are in neutral, the price is close to the lower boundary.
- MACD: bars in the negative zone. This indicates the dominance of the bearish trend.
- RSI: The line has a clear downward angle.
Possible pivot points
Support: 1.3284; 1,3260 1,3230.
Resistance: 1.3326; 1.3330; 1.3360.
Recommendations: sell after the price fixes below one of the support levels.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: The bands are widened and have a descending angle. The price broke through and fixed above the middle line.
- MACD: bars in the positive zone. This indicates the dominant strength of the bullish trend.
- RSI: the price is in a horizontal state and is preparing to acquire an upward slope angle.
Possible pivot points
Support: 102.16; 102.00; 101,80.
Resistance: 102.60; 102.80; 103,00.
Recommendations: buy from support lines.
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Have a nice day and have a nice weekend everyone!
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