Happy New Week everyone. Let’s consider the signals for today.
Times to visit the Economic Calendar:
- USA: 6:30 p.m.
Signal for the EURUSD pair
Analysis H 4:
General trend: downward.
The price is near the level of 1.1230.
- MACD: in the negative zone.
- RSI: increases, but leaves the oversold zone.
Recommendations for M 5 – H 1: after a decline at the end of last week, today we expect an upward correction. Given the downtrend, it is worth looking for entry points to sell near the levels: 1.1300, 1.1320.
If there is a breakthrough and subsequent growth, we will not trade until tomorrow.
Signal for the GBPUSD pair
Analysis H 4:
General trend: downward.
The price approached the level of 1.4150.
- MACD: in the negative zone.
- RSI: decreasing, but entering the oversold zone.
Recommendations for M 5 – H 1: the pound has fallen a lot lately. The duration of the trend is still difficult to determine. Today we do not trade. We are waiting for the moment when the currency stabilizes and sticks to some of the levels.
Signal for the USDJPY pair
Analysis H 4:
General trend: decreasing.
The price is near the level of 106.00.
- MACD: in the negative zone.
- RSI: rising, but is near the oversold zone.
Recommendations for M 5 – H 1: we focus on round levels: 106.00 and 107.00. We sell immediately after the price approaches their borders.
A good broker is the key to your success.
Good luck!
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