Good morning everyone and the start of the last working day of this week. Now an indicator analysis of key currency assets will be carried out, with the help of which it is possible to find profitable entry points into the position.
Main news of the day
We check the economic calendar at the following time:
- USA: 3:30 p.m.; 17:00; 20:00; 22:30.
- Eurozone: 9:00 a.m.; 12:00; 22:30.
- UK: 22:30.
- Australia: 22:30.
- Russia: 10:30 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: The bands are parallel to each other, indicating that there is no clear trend.
- MACD: The indicator is placed in the negative zone, indicating a downward correction.
- RSI: the line is decreasing, confirming the downward movement.
Possible pivot points
Support: 1.1051; 1.1091; 1,1114.
Resistance: 1.1154; 1.1177; 1.1217; 1,1240.
Recommendations: we sell from resistance points.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: The bands are highly narrowed and parallel to each other.
- MACD: the indicator has moved into the positive zone, but is still near the zero level.
- RSI: the line rises, indicating a high probability of an upward movement.
Possible pivot points
Support: 1.2822; 1,2878; 1,2916.
Resistance: 1.2972; 1.3010; 1.3066; 1,3104.
Recommendations: buy when the price approaches the support points.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: are in a parallel state, the price is close to the upper limit.
- MACD: in the positive zone.
- RSI: the line begins to decrease. The divergence of the main indicators confirms the market volatility and creates an opportunity for trading within the channel formed by the Bollinger Bands.
Possible pivot points
Support: 100.22; 100.61; 101,28.
Resistance: 101.67; 102.34; 102.73; 103,40.
Recommendations: from support points we enter buying, and from resistance to selling. Since the signal is unstable, we set the minimum expiration period, which is provided for by the rules of the chosen earning strategy.
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Have a nice day and have a nice weekend!
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