Good morning, colleagues. The first week of August is coming to an end. We will conduct an indicator analysis of key currency assets. This will allow you to remove false fluctuations and choose the right direction to enter positions.
Main news of the day
We check the economic calendar at the following time:
- USA: 3:30 p.m.; 17:00; 20:00; 22:30.
- Canada: 3:30 p.m.; 17:00.
- UK: 10:30 a.m.; 22:30.
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: Positioned in neutral. This indicates that since yesterday the pair has not been able to decide on the direction.
- MACD: decreasing, gradually approaching zero.
- RSI: The indicator reversed in front of the oversold zone and reversed in the opposite position. This once again confirms the instability of the pair.
Possible pivot points
Support: 1.1062; 1,1087; 1,1108.
Resistance: 1.1133; 1,1154; 1,1179; 1,1200.
Recommendations: the trend is neutral, so buys and sells are equally likely. We work from the pivot points: we buy from the support, we sell near the resistance. Nuance: we set the minimum expiration period.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
BB: are in a parallel state (neutral trend).
- MACD: the bars are small in size and are in the negative zone.
- RSI: rises, indicating a temporary upward correction.
- Possible pivot points
Support: 1.2771; 1,2935; 1,3021.
Resistance: 1.3185; 1.3271; 1.3435; 1,3521.
Recommendations: after yesterday’s news, the pair fell sharply. However, due to investors’ distrust of the pound, you should not count on a strong upward correction. We trade in both directions with a minimum expiration period: we buy from support points, and sell from resistance.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: decreasing, indicating a downtrend.
- MACD: the bars are in the positive zone, but their small size indicates an imminent continuation of the downward movement.
- RSI: the line is pointing downwards and has not yet entered the oversold zone. I.e. The downtrend still has potential.
Possible pivot points
Support: 99.98; 100,41; 100,81.
Resistance: 101.24; 101,64; 102,07; 102,47.
Recommendations: we sell from resistance points.
Use technical analysis, follow the news and trust a trusted binary options broker.
Good luck and have a great weekend!
Tagged with: Binary Options Signals • Binary Options Signals • Binary Options Trading Signals
