On Thursday, the following strong calendar news comes out:
- 8.00 London time EUR, change in the number of unemployed in Germany (August), The expected value is -6K compared to the previous value of -9K;
- 9.00 London time, consumer price index (CPI) (y / y) (August);
- 17.00 London time USD, index of unfinished sales in the real estate market (m / m) (July);
EUR / USD pair
Trend analysis (Figure 1).
On Wednesday, the price moved down in the technical analysis.
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. In this case, the trend should be determined from the indicators of the oscillator type.
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 ones are the ones 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.
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 - down;
- volumes - down;
- candle analysis - down;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Thursday, the EUR / USD pair will most likely move lower with the target of 1.1819.
GBP / USD Pair
Trend analysis (Figure 1).
On Wednesday, the price moved in the side of the channel.
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. In this case, the trend should be determined from the indicators of the oscillator type.
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 are the ones 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 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 - up;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Thursday, the GBP / USD pair may move upward. The first target is 1.2977.
