On Wednesday, the following strong calendar news comes out:
- The average wage level including premiums (June) from the UK at 8.30 London time.
- The change in the number of applications for unemployment benefits (July) from the UK at 8.30 London time.
- The number of issued building permits (July) from the U.S. at 12.30 London time. The expected output is 1.250M compared to the previous value of 1.275M.
- The stocks of crude oil from the U.S. at 14.30 London time. The expected output is -3.176M compared to the previous value of -6.451M.
- The publication of the FOMC protocols from the U.S. at 18.00 London time.
EUR / USD pair
Trend analysis (Figure 1).
On Tuesday, the technical analysis of the price moved down. Moreover, the news helped the bears.
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 a downward trend (Fig. 2).
The system of RSI indicators (Fig.2).
When working with the daily chart, the following periods 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.
CCI on the properties gives 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 - up;
- Weekly schedule - down.
General conclusion.
On Wednesday, the EUR/USD pair will most likely decline towards the first target at 1.1687.
Pair GBP / USD
Trend analysis (Figure 1).
On Tuesday, 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.
Indicator MACD (period 5/8/13).
The linear part of the MACD indicator.
Fast line (signal) - color is white.
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.
Overall: the MACD indicator on the daily chart gives a downward trend.
Middle lines of the EMA.
On the daily chart, the following average lines are used.
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, is below the 13th EMA midline (yellow) - the signal of the bottom work.
21, the middle EMA line, moving down, is above the 13th EMA midline which amplifies the lower work 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 EMA lines are 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 - down;
- volumes - down;
- candle analysis - neutral;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Wednesday, the GBP / USD pair will have a downward trend towards the first target at 1.2776.
