Tuesday news:
- 8.30 London time. GBP, consumer price index (CPI) (y / y) (August ); The expected value is 2.8% compared to the previous value of -2.6%;
EUR / USD pair
Trend analysis (Figure 1).
On Monday, the price moved down. The bulk of traders felt that the resistance line has been reached and they began to work down to a pullback. On Tuesday, the market may continue to move down. A complex analysis will more accurately determine where the price will go next.
Fig.
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 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 (Figure 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 was closed at the last day.
The property calculation of the RSI indicator (5) gives a downward trend.
The property calculation of the RSI indicator (8) gives a downward trend.
The bottom line: the RSI indicator system gives a downward trend.
The calculation of the CCI indicator.
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 (red dotted line);
- volumes - down;
- candle analysis - down;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Tuesday, the EUR / USD pair will most likely move in the lower channel with the target of 1.1837.
GBP / USD pair
Trend analysis (Figure 1).
On Monday, the price moved in the side channel after it reached the 23.6% Fibonacci retracement level at 1.3213.
Fig.
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 the 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 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 - white color (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 top trend.
21, the middle EMA line, moving up which is above the 13th EMA midline that weakens the signals in 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% up,
The MACD indicator (histogram) is 38% higher.
The result of the indicator analysis: the price will have an upward trend.
Fig.
Complex analysis:
- indicator analysis - up;
- Fibonacci levels - down;
- volumes - upwards;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Tuesday, the GBP / USD pair may move upward.
