Good morning colleagues. Today is Wednesday, the last day of summer. We will conduct an indicator analysis and make an overview of the main fundamental events that can set the dynamics of the market.
Main news of the day
We check the economic calendar at the following time:
- USA: 10:15 a.m.; 15:00; 15:15; 16:45; 17:00; 17:30.
- Eurozone: 09:00; 10:55; 12:00;.
- Canada: 3:30 p.m.
- UK: 09:00.
Do not forget that 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 pointing downwards, but the clear downward angle is lost. The price consolidates and goes sideways.
- MACD: bars in the zero zone. This confirms the instability of the state of this pair.
- RSI: the line is directed upwards and comes out of the oversold zone.
Possible pivot points
Support: 1.1128; 1.1100; 1,1089.
Resistance: 1.1190; 1.1215; 1,1245.
Recommendations: buy after the price approaches the support levels.
Signals on GBPUSD
Let’s analyze the data of indicators on H4.
- BB: the downward slope of the bands is lost, the price has broken through the midline and continues to increase.
- MACD: the bars have moved to the positive zone. This indicates the growing strength of the uptrend.
- RSI: the line is increasing, but temporarily directed downwards. Such a trajectory indicates a possible correction, followed by a continuation of the upward movement.
Possible pivot points
Support: 1.3071; 1,2993; 1,2960
Resistance: 1.3080; 1.3034; 1,2960.
Recommendations: buy after the price breaks one of the resistance levels.
Signals for USDJPY
Let’s analyze the indicator data on the four-hour H4.
- BB: the bands are increasing, the price is consolidating near the upper limit.
- MACD: the bands are decreasing and approaching the zero zone.
- RSI: the price is preparing to exit the overbought zone. This increases the likelihood of a downward correction.
Possible pivot points
Support: 102.80; 102.56; 102,00.
Resistance: 103.22; 103.60; 103,95.
Recommendations: sell from resistance levels.
When cooperation takes place with trusted binary options brokers, you can always count on support in case in any non-standard situation.
Have a good day!
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