Good morning colleagues. The next Monday of September has come and it’s time to conduct an indicator analysis of key currency assets.
The main news of the day
We check the economic calendar at the following time:
- Australia: 22:30.
The rest of the time, nothing significant is planned.
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 are in a parallel state, the price has fixed below the middle line.
- MACD: the bars are placed in the negative zone, which indicates the gradually increasing strength of the downtrend.
- RSI: The line has a weak upward angle that is preparing to go into neutral.
Possible pivot points
Support: 1.1240; 1.1215; 1,1190.
Resistance: 1.1270; 1.1285; 1,1300.
Recommendations: sell after the price approaches resistance levels.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: the bands are in a parallel state, the price has concentrated near the lower border.
- MACD: the bars are in the negative zone, but their size is gradually decreasing. This indicates the gradually growing strength of the uptrend.
- RSI: the line starts to increase.
Possible pivot points
Support: 1.3250; 1,3230 1,3200.
Resistance: 1.3290; 1.3300; 1.3330.
Recommendations: buy after the price approaches the support levels.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: the line is in neutral, the price is above the midpoint line.
- MACD: bars in the positive zone, which confirms the dominance of the upward trend.
- RSI: the line is decreasing. This indicates a downward correction that has not yet been completed.
Possible pivot points
Support: 102.15; 102.00; 101,80.
Resistance: 102.60; 102.80; 103,00.
Recommendations: buy from support points.
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Have a good day!
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