Binary Options Signals for October 31

Hello colleagues. Today is the last day of October and the beginning of a new week. We will conduct an indicator analysis of key currency assets.
News of the day
We check the economic calendar at the following time:
• USA: 3:30 p.m.; 16:45.
• Russia: 12:15 p.m.
• Canada: 10:30 p.m.
• Eurozone: 12:00 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 are increasing and in an expanded state. The price completes the downward correction and is ready to resume growth.
• MACD: bars in the positive zone.
• RSI: the line is increasing.
Possible pivot points
Support: 1.0950; 1,0940; 1,0930.
Resistance:1.0970; 1,0995; 1,1010.
Recommendations: buy from support levels.

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Signals on GBPUSD

Let’s analyze the data of indicators on H4.
• BB: the bands are in neutral, the price has bounced off the midline and is moving towards the lower boundary.
• MACD: bars in the positive zone
• RSI: the line is decreasing.
Possible pivot points
• Support: 1.2150; 1,2120; 1,2100.
• Resistance: 1.2180; 1,2200; 1,2220.
Recommendations: we give priority to purchases, but we look for entry points only if the nearest resistance level is broken.

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Signals for USDJPY

Let’s analyze the indicator data on the four-hour H4.
• BB: the bands are widened and have acquired a clear upward slope. The price is testing the middle line and is preparing to perform a breakout.
• MACD: bars in the negative zone.
• RSI: the line begins to decrease.
Possible pivot points
Support: 104.75; 104,35; 104,00.
Resistance: 105.05; 105,40; 105,60.
Recommendations: we are looking for sell entries after breaking through the nearest support level.

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Have a great week everyone!

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