On Wednesday, the following strong calendar news comes out:
- 09.00 London time. EUR, IFO business climate index (Oct.), waiting for 115.2, the previous value is 115.2;
- 09.30 London time. GBP, GDP (y / y) (3 sq.), Waiting for 1.4%, the previous value of 1.5%;
- 09.30 London time. GBP, GDP (q / q) (3 sq.), Waiting for 0.3%, the previous value of 0.3%;
- 13.30 London time. USD, basic orders for durable goods (m / m) (Sept), waiting for 0.5%, the previous value of 0.5%;
- 15.00 London time. USD, new housing sales (Sept), waiting for 555K, the previous value is 560K;
- 15.30 London time. USD, crude oil reserves, waiting for -2.500M, the previous value is -5.731M.
Pair EUR / USD
Trend Analysis (Figure 1)
On Tuesday, the market moved up in the side channel, waiting for Thursday's strong news. On Wednesday, the lateral movement with a weak top may continue. 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 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 overall result: 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 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 down 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 down and above the 13 middle line of the EMA, 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) is 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;
- Volumes - down;
- Candle analysis - neutral;
- Trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Wednesday, it is possible to continue the movement in the side channel, down.
Pair GBP / USD
Trend Analysis (Figure 1)
On Tuesday, the market, contrary to expectations, was moving down. On Wednesday, the price may continue to move down to the support line of 13103 and then go 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 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 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 overall result: 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 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 down 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 down and above the 13 middle line of the EMA, 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) is 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 - neutral;
- Volumes - upwards;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Wednesday, on the GBP / USD pair, it is possible to continue the downward movement with the target of 1.3301, after which it is possible to roll back up.
