Good morning fellow traders. Now we will look at the indicator analysis of key currency assets, with the help of which you can find profitable entry points into a position.
Main news of the day
We check the economic calendar at the following time:
- USA: 3:30 p.m.
- Canada: 3:30 p.m.
- Russia: 16:00.
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 do not have a clear direction, which indicates that the price is in a sideways trend.
- MACD: the indicator is placed in the positive zone, but the bars are starting to decrease.
- RSI: the line is decreasing and exiting the overbought zone, which indicates the imminent beginning of a downward correction.
Possible pivot points
Support: 1.1028; 1.1064; 1,1121.
Resistance: 1.1157; 1.1214; 1.1250; 1,1307.
Recommendations: we sell from resistance points.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: The bands are highly narrowed and parallel to each other.
- MACD: are near the zero level.
- RSI: the line has moved to a horizontal position, which confirms the market instability of this pair.
Possible pivot points
Support: 1.2860; 1,2924; 1,2968.
Resistance: 1.3032; 1.3076; 1.3140; 1,3184.
Recommendations: buy from support points.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: are in a parallel state, however, the price is close to the lower boundary. This indicates a high probability of an upward correction.
- MACD: close to zero.
- RSI: the line rises, confirming the likelihood of an upward correction.
Possible pivot points
Support: 99.80; 100.37; 100,83.
Resistance: 101.40; 101.86; 102.43; 102,89.
Recommendations: we wait for the price to approach the support points and buy from their borders.
Using technical analysis, evaluating news and choosing trusted binary options brokers, you multiply the chances of a positive result.
Have a fishing day everyone!
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