Hello dear traders. It’s time to analyze the market and make a forecast of the movement of major foreign exchange assets.
News of the day
We check the economic calendar at the following time:
• USA: 16:00; 17:00; 20:20.
• Eurozone: 11:00; 18:30.
• UK: 5:35 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 lose their downward slope and move to the neutral position. The price is below the midpoint of the Bollinger band.
• MACD: the bars are consistently increasing and are in the positive zone.
• RSI: the line has resumed growth.
Possible pivot points
Support: 1.0875; 1,0850; 1,0800.
Resistance:1.0900; 1,0925; 1,0960.
Recommendations: we are looking for buy entries only if the resistance level of 1.0900 is broken.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
• BB: The bands continue to be in a narrowed neutral position. We are waiting for the denouement in the near future.
• MACD: bars move around the zero level.
• RSI: the line has entered the growth stage.
Possible pivot points
• Support: 1.2210; 1,2200; 1,2180.
• Resistance: 1.2230; 1,2270; 1,2300.
Recommendations: we are looking for buy entries from support levels.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
• BB: the bands have widened and acquired an upward slope. The price stopped near a strong resistance level located near the upper Bollinger boundary.
• MACD: bars in the positive zone.
• RSI: the line is increasing, but it is near the overbought area.
Possible pivot points
Support: 104.20; 103,85; 103,60.
Resistance: 104.65; 104,90; 105,05.
Recommendations: today we expect a downward correction, so we enter the sale from resistance levels.
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Have a great day!
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