Binary Options Signals for August 30

Good morning everyone. Today is Tuesday and it’s time to conduct an indicator analysis and review the main fundamental events that can affect price activity. 
Main news of the day
We check the economic calendar at the following time:

• USA: 4:00 p.m.; 17:00.
• Switzerland: 10:00 a.m.; 10:15.
• Eurozone: 15:00.
• Canada: 3:30 p.m. 

Do not forget that the release of news is one of the most unfavorable moments for entering a position. Pay special attention to the UK today. 
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 take on a downward angle and begin to decrease. 
• MACD: bars in the negative zone continue to confirm the effect of the downward momentum. 
• RSI: the line has stopped growing and is preparing to re-enter the oversold zone.

Possible pivot points
Support:  1.1154; 1.1129; 1,1100.    
Resistance:  1.1192; 1.1215; 1,1245.
Recommendations: we enter bearish trades after the price approaches the resistance points. 

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Signals on GBPUSD

Let’s analyze the data of indicators on H4. 

• BB: The bands have formed a downward slope angle, indicating the gradually increasing strength of the bearish trend.
• MACD: the location of the bars in the negative zone confirms the downward trend.
• RSI: the line makes a reversal and is ready to enter the oversold zone again. 

Possible pivot points
Support: 1.3071; 1,2993; 1,2960    
Resistance:  1.3142; 1.3200; 1,3233.
Recommendations: we focus on resistance points and sell from their borders.

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Signals for USDJPY

Let’s analyze the indicator data on the four-hour H4. 

• BB: The long flat bands of the band have moved into the uptrend stage.  
• MACD:  the bars have moved to the positive zone. 
• RSI: the line is increasing and is ready to re-enter the overbought zone. This means that the downward correction is close to completion and there is a high probability for the development of an upward momentum.

Possible pivot points
Support:  102.13; 102.00; 101,50.
Resistance:  102.70; 103.20; 103,95.
Recommendations:  buy from support points. 
 

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