Hello fellow traders. Today is the penultimate trading day and now is the time to perform an indicator analysis and see a summary of fundamental events for today.
Main news of the day
We check the economic calendar at the following time:
- USA: 3:00 p.m.; 15:30; 16:45.
- Eurozone: 11:00 a.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 stripes begin to move smoothly downwards, but so far the angle of inclination is not clear. The price approached the middle line in the bottom-up direction.
- MACD: the bars are located below the midline, which indicates the likelihood of a downward correction.
- RSI: the line is increasing. This indicates that the trend is volatile and can change at any time.
Possible pivot points
Support: 1.1261; 1.1240; 1,1211.
Resistance: 1.1300; 1.1320; 1,1348.
Recommendations: we are looking for entry points near resistance levels. If the last milestone is passed, we will not trade until tomorrow.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: the bands are in neutral position and the price begins to make a downward rebound from the upper boundary.
- MACD: the bars have moved into the negative zone, which increases the likelihood of continuing the downward movement.
- RSI: the indicator line is located at a clear downward angle and comes out of the overbought zone.
Possible pivot points
Support: 1.3175; 1,3155; 1,3095.
Resistance: 1.3230; 1.3260; 1,3275.
Recommendations: we sell from resistance points.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: the bands are in a neutral narrowed state, the price has fixed above the middle line. We continue to wait for growth.
- MACD: the bars do not leave the zero zone, indicating the absence of a trend.
- RSI: Line in limbo. This is another confirmation of the market volatility on this asset.
Possible pivot points
Support: 100.00; 99.75; 99,50.
Resistance: 100.40; 100.80; 102,20.
Recommendations: we are looking for buy entry points near the support lines.
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