On Wednesday, the following strong calendar news comes out:
- 8.30 London time GBP, GDP (Q / Q) (2 Q);
- 8.30 London time GBP, GDP (y / y) (2 sq.);
- 14.00 London time USD, sales in the secondary housing market (July), The expected value is 5.57M, compared to the previous value of 5.52M.
EUR / USD pair
Trend analysis (Figure 1).
On Wednesday, the price has moved up, and the current news has a big impact to the pair.
Fig.
Indicator analysis on the daily schedule (Figure 2).
The system of indicators ADX (Figure 2).
On the last run, the fast line (indicator 5 - white) and the slow line (indicator period 8 - blue) moved down.
Stochastic indicator (period 3/3/4) on the daily chart gives an upward trend (Fig. 2).
The system of RSI indicators (Fig.2).
When working with the daily chart, the ones used in the RSI indicator system: 21 (brown), 8 (blue), 13 (yellow), 5 (red).
At the last day.
Calculation of the indicator RSI (5) yields down properties.
Calculation of the indicator RSI (8) yields down properties.
The bottom line: the RSI indicator system gives a downward trend.
The calculation of the indicator CCI on the properties gives an upward trend.
The bottom line: the CCI indicator system.
The result of the indicator analysis: the price will have an upward trend.
Fig.
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - neutral;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - down;
- Bollinger lines - neutral;
- Weekly schedule - down.
General conclusion.
On Thursday, the EUR / USD pair will most likely move to the first target at 1.1681.
GBP / USD Pair
Trend analysis (Figure 1).
On Wednesday, the price of the trend moved down.
Fig.
Indicator analysis on the daily schedule (Figure 2).
The system of indicators ADX (Figure 2).
On the last run, the fast line (indicator period 5 - white) and the slow line (indicator period 8 - blue).
Indicator MACD (period 5/8/13).
The linear part of the MACD indicator.
Fast line (signal) - a line of white color.
The slow line (main line) is the blue line.
The result of the MACD indicator is a downward trend.
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is a downward trend.
Overall: the MACD indicator on the daily chart gives a downward trend.
Middle lines of the EMA.
On the daily chart.
1 middle EMA line - color white (first shadow).
5 the middle line of the EMA - the color is red (the first shadow).
8 middle EMA line - the color is blue (the first shadow and trend).
13 the middle line of the EMA - the color is yellow (trend).
21 middle EMA line - the color is brown (trend).
At the last run 8, the middle EMA line (blue) moved down which is below the 13th EMA midline (yellow) that are signals of the bottom part.
21, the middle EMA line, moved down which is above the 13th EMA midline that amplifies the lower signals.
The bottom line: the EMA middle line system on the daily chart gives a downward trend.
The probability distribution of the indicators is as follows:
The average of EMA lines is 24% down;
Indicator of the MACD (linear part) - 38% down;
The MACD indicator (histogram) is 38% down.
The result of the indicator analysis: the price will have a downward trend.
Fig.
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Thursday, after the GBP / USD pair has reached the level of 1.2776, it is possible to move back up.
