On Thursday, the following strong calendar news comes out:
- At 13.30 London time. USD, producer price index (PPI) (m / m) (Sept), waiting for 0.4%, the previous value of 0.2%;
- At 15.30 London time. EUR, speech by the head of the ECB Draghi;
- At 16.00 London time. USD, stocks of crude oil, waiting for -1.991M, the previous value is -6.023M.
EUR / USD pair
Trend analysis (Figure 1)
The market moved up on Wednesday. On Thursday, the market can continue to move up with the first goal of 1.1880 (50% recoil level). There is also a resistance line. Punching this area up for the price from the first time is very problematic. 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 up. In this case, the trend should be determined by trend type indicators.
Indicator MACD (period 5/8/13).
The linear part of the MACD indicator.
The fast line (signal) is the white line.
The slow line (main line) is the blue line.
The result for the linear part 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 line of the EMA - the color is white (first shadow).
5 middle line of the EMA - the color is red (the first shadow).
8 middle line of the EMA - the color is blue (the first shadow and trend).
13 middle line of the EMA - the color is yellow (trend).
21 middle line of the EMA - the color is brown (trend).
At the last run, the 8 middle line of the EMA (blue) moved upwards and below the 13 middle line of the EMA (yellow) is the signal of the bottom work.
The 21 middle line of the EMA is moving up and above the 13 middle line of the EMA, amplifies the signals of the bottom work.
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) is 38% up;
The MACD indicator (histogram) is 38% up.
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;
- Volumes - upwards;
- Candle analysis - down;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Thursday, the market may continue to move up. The first target is 1.1880 (the rolling level of 50.0% is the blue dotted line). From this level, you can roll back down.
Pair GBP / USD
Trend Analysis (Figure 1)
On Wednesday, the market continued to move up. On Thursday, the price may continue to move up. The first target is 1.3266, the retracement level is 38.2% (yellow dotted line). From this level, you can roll back down. 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 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 the properties gives down.
The calculation of the indicator RSI (8) by properties gives down.
The bottom line: The RSI indicator system gives a downward trend.
The calculation of the indicator CCI on the properties gives down.
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. 2 (daily chart).
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - up;
- Volumes - upwards;
- Candle analysis - down;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Thursday, on the GBP / USD pair, it is possible to move up with the first target of 1.3266, from which it is possible to roll back down.
