Hello dear colleagues. Today is Thursday and outside the window is the middle of the first autumn month. It’s time to tune in to trade and perform an indicator analysis of key currency assets and consider a list of fundamental events of the day.
We check the economic calendar at the following time:
- UK: 11:30 a.m.; 14:00.
- Eurozone: 12:00; 20:00.
- USA: 3:30 p.m.; 16:15;17:00.
- Russia: 16:00.
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 neutral, the price has passed the middle line and closed above its border. This indicates the potential strength of a bullish trend.
- MACD: the bars have moved to the positive zone.
- RSI: the line is pointing downwards. This indicates an incomplete downward correction.
Possible pivot points
Support: 1.1230; 1,1200; 1,1190.
Resistance: 1.1245; 1,1285; 1,1300.
Recommendations: buy after the price approaches one of the support points.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: The bands are widened and have a slight downward slope. The price is near the midpoint line.
- MACD: the bars have moved to the positive zone, which increases the likelihood of an upward momentum.
- RSI: the line is decreasing. This indicates an incomplete downward correction and a possible continuation of the bearish trend.
Possible pivot points
Support: 1.3215; 1,3200 1,3180.
Resistance: 1.3250; 1,3280 1,3300.
Recommendations: today in the priority of purchases. However, we are looking for exit points only after the price breaks through one of the resistance levels.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: the line is in a neutral position, the price has accumulated in the area of the midline.
- MACD: the bars have moved to the negative zone, but their size is small. This is a strong bearish signal.
- RSI: The line has a slight downward slope.
Possible pivot points
Support: 102.00; 101,75; 101,50.
Resistance: 102.40; 102,60; 103,00.
Recommendations: sell immediately after the price stops near one of the resistance points.
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