Good morning dear traders. Today is the last day of the week and it’s time to conduct an indicator analysis of key currency pairs.
News of the day
We check the economic calendar at the following time:
• USA: 3:30 p.m.; 17:00; 20:00; 22:30.
• Russia: 13:30;
• UK: 10:30 p.m.
• Eurozone: 15:00; 22:30.
• Japan: 10:30 p.m.
• Australia: 10:30 p.m.
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 acquire an upward slope. The price bounces off the midline.
• MACD: bars in the positive zone.
• RSI: the line is increasing.
Possible pivot points
Support: 1.0900; 1,0880; 1,0850.
Resistance: 1.0930; 1,0945; 1,0960.
Recommendations: we are looking for buy entry points after the breakdown of one of the resistance levels.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
• BB: The bands lose their downward slope and move to the neutral position. The price has fixed above the middle line and is ready to move up.
• MACD: bars in the positive zone
• RSI: line in a horizontal position.
Possible pivot points
• Support: 1.2160; 1,2130; 1,2100.
• Resistance: 1.2180; 1,2200; 1,2220.
Recommendations: wait for one of the resistance levels to break through, and then look for buy entries.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
• BB: The bands are widened and in an increasing state. The price stopped near the upper limit of the Bollinger.
• MACD: the bars are in the positive zone, but their size is gradually decreasing.
• RSI: the line enters the overbought area.
Possible pivot points
Support: 105.20; 105,00; 104,80.
Resistance: 105.35; 105,50; 105,90.
Recommendations: we are looking for sell entries from resistance levels.
Trust trusted binary options brokers and don’t forget to take breaks.
Have a good day!
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