On Thursday, the following strong calendar news comes out:
- 11.45 London time. EUR, the deposit rate; the expected value is -0.40% compared to the previous value of -0.40%;
- 11.45 London time. EUR, the decision on the interest rate (Oct); the expected value is 0.00% compared to the previous value of 0.00%;
- 12.30 London time. EUR, ECB press conference;
- 14:00 London time. USD, index of unfinished sales in the real estate market (m / m) (Sept), the expected value is 0.2% compared to the previous value of -2.6%.
EUR / USD pair
Trend analysis (Figure 1)
On Wednesday, the market moved up. On Thursday, the market may continue to move up, but everything will depend on strong news. 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 upward. 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 following periods are used in the RSI indicator system: 21 (brown), 8 (blue), 13 (yellow), 5 (red).
A closed candle was found at the last day
The property calculation of the RSI indicator (5) on properties gives an upward trend.
The property calculation of the RSI indicator (8) on properties gives an upward trend.
The bottom line: the RSI indicator system gives an upward trend.
The property calculation of the CCI indicator on the properties gives an upward trend.
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 - neutral;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Thursday before the news, the market can continue to move up to 1.1836, and then go down. However, much will depend on strong news.
GBP / USD pair
Trend analysis (Figure 1)
On Wednesday, the market is moving upwards and reached the upper fractal level of 1 3272 followed by a decline. On Thursday, the price will most likely move down in the side channel before the news comes out.
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 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.
Stochastic indicator (period 3/3/4) on the daily chart gives a downward 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).
A closed candle was found 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 calculation of the CCI indicator on the properties gives a downward trend.
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 - down;
- volumes - down;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Thursday, the GBP / USD pair may move down. However, it will still depend on the news for the day and much will depend on it.
