On Wednesday, these are the following strong calendar news:
- 8.15 London time, the speech of the head of the Bank of England Mark Carney;
- 12.30 London time, USD, GDP (q / q) (2 sq.); the expected value of 3.0% compared to the previous value of 3.0%
EUR / USD pair
Trend analysis (Figure 1).
On Wednesday, the market continued to move down. On Thursday, the market can not exceed the recessionary Fibonacci level of 23.6% at 1.1680. 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 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 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 down, is below the 13th EMA midline (yellow) - the signal of the bottom work.
21, the middle EMA line carried down that 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;
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 - down (red dotted line);
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Thursday, the EUR / USD pair will most likely move in the lower channel up to 1.1680 then move towards the top is possible.
GBP / USD pair
Trend analysis (Figure 1).
On Wednesday, the market was moved down in the technical analysis. On Thursday, the probability of a lower traffic is high. 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) moved upward, 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 (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).
Closed candle At the last day.
The property calculation of the RSI indicator (5) on the properties gives a downward trend.
The property calculation of the RSI indicator (8) on the properties gives a downward trend.
The bottom line: the RSI indicator system gives a downward trend.
The Property calculation of the CCI indicator gives an upward trend ..
The bottom line: the CCI indicator system.
The result of the indicator analysis: the price will have a downward trend.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Thursday, it is possible for the GBP/USD pair to decline towards 1.3318.
