Hello dear colleagues. Today is the last Monday of September and it’s time to conduct an indicator analysis of key currency assets.
The day is full of fundamental events, so we closely follow the Economic Calendar and open it at the following time:
- USA: 4:30 p.m.; 17:00; 18:45; 20:30.
- Eurozone: 18:05; 19:00.
- Switzerland: 12:30 p.m.
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 widened and have an ascending angle of inclination. The price is located above the median line, but the uptrend slowed down and the market entered the consolidation stage.
- MACD: the bars are located in the positive zone, but their size is small.
- RSI: the line has stopped growing and is in a neutral position. This indicates the weakness of the uptrend and the high probability of a downward correction.
- Possible pivot points
Support: 1.1225; 1,1200; 1,1145.
Resistance: 1.1240; 1,1250; 1,1273.
Recommendations: sell after the price approaches one of the resistance levels.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: the bands are in a parallel state, the price is concentrated near the lower border. This indicates a high probability of an upward correction.
- MACD: the bars are in the negative zone, but their size is gradually decreasing. This means that the downward movements may last for a while.
- RSI: the line is decreasing and preparing to enter from the oversold zone.
Possible pivot points
Support: 1.2930 1.2915 1.2900.
Resistance: 1.2950; 1,3000 1,3050.
Recommendations: we enter an increase trade only after the price breaks through and fixes above one of the resistance levels.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: The bands have a slight downward slope that prepares to move into neutral. The price has fixed below the median line and is preparing to execute an upward breakdown of the level of 101.00.
- MACD: the bars are in the positive zone, but their size is small. This signals the incompleteness of the downward momentum.
- RSI: the line is pointing downwards and approaching the oversold zone.
Possible pivot points
Support: 100.40; 100,05; 99,90.
Resistance: 100.85; 101,00; 101,20.
Recommendations: buy after consolidating above one of the support levels.
Choose only trusted binary options brokers and always check that the signals received match your trading system.
Happy week everyone!
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