On Monday, the following strong calendar news comes out:
- 08.55 London time. EUR, the index of business activity in the manufacturing sector (PMI) of Germany (Sept), waiting for 60.6, the previous value of 60.6;
- 09.30 London time. GBP, index of business activity in the manufacturing sector (PMI) (Sep), waiting for 56.4, the previous value of 56.9;
- 15.00 London time. USD, the index of business activity in the manufacturing sector (PMI) from ISM (Sep), waiting for 58.0, the previous value of 58.8.
Pair EUR / USD
Trend analysis (Figure 1).
On Friday, the market moved upwards (having fought off the lower boundary of Bollinger's lines and plus the last three candles in a row of black color). On Monday, the market may continue to move up. The complex analysis will more accurately tell where the price will go.
Fig. 1 (daily chart).
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 by indicators of the oscillator type.
The stochastic indicator (period 3/3/4) on the daily chart gives an upward trend (Fig. 2).
The system of indicators RSI (Figure 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).
Closed candle at the last day.
The calculation of the indicator RSI (5) on properties gives up.
The calculation of the indicator RSI (8) by properties gives up.
The bottom line: The RSI indicator system gives an upward trend.
The calculation of the indicator CCI on the properties gives up.
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. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up (red dotted line);
- Volumes - upwards;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Monday, most likely, the pair EUR / USD will have an upward movement to 1.1873.
Pair GBP / USD
Trend analysis (Figure 1).
On Friday, the market was moving down according to technical analysis. On Monday, the probability of continuing the lower movement is high. The complex analysis will more accurately tell where the price will go.
Fig. 1 (daily chart).
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) 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.
The stochastic indicator (period 3/3/4) on the daily chart gives an upward trend (Fig. 2).
The system of indicators RSI (Figure 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).
Closed candle at the last day.
The calculation of the indicator RSI (5) on properties gives up.
The calculation of the indicator RSI (8) by properties gives up.
The bottom line: The RSI indicator system gives an upward trend.
The calculation of the indicator CCI on the properties gives up.
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. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - down;
- Volumes - upwards;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Monday, the pair GBP / USD may move up to 1.3462.
