On Tuesday, the following strong calendar news comes out:
- The GDP of Germany (q / q) (2 sq.) at 12.00 London time. The anticipated output is 0.7% compared to the previous value of 0.6%.
- The Consumer price index (CPI) (y / y) (July) at 14.30 London time. The expected output is 2.7% compared to the previous value of 2.6%.
- The base index of retail sales (m / m) (July) at 18.30 London time. The expected output is 0.3% compared to the previous value of 0.2%.
- The retail sales (m / m) (July) at 18.30 London time. The expected output is 0.4% compared to the previous value of -0.2%.
EUR / USD pair.
Trend analysis (Figure 1).
On Monday, the price of technology moved down. On Tuesday, the lower movement will most likely continue. Bears will try to reach the recessionary level of Fibonacci 38.2% at 1.1736. Complex analysis will more accurately determine where the price will go next.
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 following periods are used in the RSI indicator system: 21 (brown), 8 (blue), 13 (yellow), 5 (red).
The candle closed 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 a downward trend.
The bottom line: the CCI indicator system gives a downward trend.
The result of the indicator analysis: the price will have a downward trend.
Fig.
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - neutral;
- volumes - down;
- candle analysis - neutral;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Tuesday, the lower movement for the EUR/USD pair will most likely be towards the first target at 1.1736.
GBP / USD Pair
Trend analysis (Figure 1).
On Monday, the price 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) moved upward b
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 following periods are used in the RSI indicator system: 21 (brown), 8 (blue), 13 (yellow), 5 (red).
The candle is closed at the last day.
Calculation of the indicator RSI (5) gives an upward trend.
Calculation of the indicator RSI (8) gives an upward trend.
The bottom line: the RSI indicator system gives an upward trend.
The calculation of the indicator CCI on the properties gives an upward trend.
The bottom line: the CCI indicator system gives an upward trend.
The result of the indicator analysis: the price will have an upward trend.
Fig.
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - neutral;
- volumes - down;
- candle analysis - neutral;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Tuesday, the GBP / USD pair will have a downward trend towards the first target at 1.2938.
