On Thursday, the following strong calendar news comes out when it is a holiday in America and Japan:
- 6.00 London time. EUR, Germany's GDP (q / q) (3 sq.); The expected value is 0.8% compared to the previous value of 0.8%;
- 7.30 London time. EUR, the index of business activity in the manufacturing sector (PMI) of Germany (Nov); The expected value is 60.4 compared to the previous value of 60.6;
- 8.30 London time. GBP, GDP (y / y) (3 sq.); The expected value is 1.5% compared to the previous value of 1.5%;
- 8.30 London time. GBP, GDP (q / q) (3 sq.); The expected value is 0.4% compared to the previous value is 0.4%;
- 11.30 London time. EUR, the publication of the minutes of the ECB meeting on monetary policy.
EUR / USD pair
Trend analysis (Figure 1)
On Wednesday, the market moved up and broke the resistance lines. On Thursday, it is possible to move down towards the first target of 1.1713 (lower fractal), but only after reaching the upper fractal level of 1.1860 or reaching the resistance line 1.1832 - white dotted line. A complex analysis will more accurately determine where the price will go next.
Fig. 1 (daily chart).
Indicator analysis on the daily schedule (Figure 2).
The system of ADX indicators (Figure 2).
On the last run, the fast line (indicator 5 - white) and the slow line (indicator period 8 - blue) moved up. In this case, the trend should be determined by trend type indicators.
MACD Indicator (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 for the linear part 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.
The grand total: the MACD indicator on the daily chart gives a downward trend.
Middle lines of the EMA.
The daily chart uses the following midlines.
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 up that is above the 13th EMA midline (yellow) which signals the uptrend.
21, the middle EMA line, moved up which is below the 13th EMA midline, amplifying the signals of the upper channel.
The bottom line: the EMA middle line system on the daily chart gives an upward trend.
The probability distribution of the indicators is as follows:
the average EMA lines are 24% up;
the MACD indicator (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. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - down;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Thursday, it is possible to move downwards but only after reaching the upper fractal level of 1.1860 or reaching the resistance line 1.1832 - white dashed line.
GBP / USD pair
Trend analysis (Figure 1)
On Wednesday, the market moved up and broke the local resistance line. On Thursday, it is possible to continue its upwards movement. A complex analysis will more accurately determine where the price will go next.
Fig. 1 (daily chart).
Indicator analysis on the daily schedule (Figure 2).
The system of ADX indicators ADX (Figure 2).
On the last run, the fast line (indicator 5 - white) and the slow line (indicator period 8 - blue) moved up. In this case, the trend should be determined by trend type indicators.
MACD Indicator (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 for the linear part of the MACD indicator is an upward trend.
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is an upward trend.
Overall: the MACD indicator on the daily chart gives an upward trend.
Middle lines of the EMA.
The daily chart uses the following midlines.
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 up that is above the 13th EMA midline (yellow) - the signal of the top work.
21, the middle EMA line, moving upwards, is below the 13th EMA midline, amplifying the signals of the top work.
The bottom line: the EMA middle line system on the daily chart gives an upward trend.
The probability distribution of the indicators is as follows:
the average EMA lines are 24% up;
indicator of the MACD (linear part) - 38% up;
the MACD indicator (histogram) is 38% higher.
The result of the indicator analysis: the price will have an upward trend.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - down;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion
On Thursday, the GBP / USD pair may move down with the first target at 1.3260.
