On Thursday, the following strong calendar news comes out:
- 7.30 London time. EUR, PMI in Germany (Oct.); The expected value is 60.5 compared to the previous value is 60.5;
- 8.00 London time. EUR, change in the number of unemployed in Germany (Oct); The expected value is -10K compared to the previous value of -23K;
- 8.30 London time. GBP, the index of business activity in the construction sector (Oct.); The expected value is 48.1 compared to the previous value of 48.1;
- 11.00 London time. GBP, the Bank of England's inflation report;
- 11.00 London time. GBP, the decision on the interest rate (Oct); The expected value is 0.50% compared to the previous value of 0.25%;
- 11.00 London time. GBP, minutes of the meeting of the Committee on Monetary Policy;
- 11.30 London time. GBP, the speech of the head of the Bank of England Karni.
EUR / USD pair
Trend analysis (Figure 1)
On Wednesday, there is a news released and the market moved based on it. On Wednesday, the movement will be in the side channel, technical analysis will work until 11.15 London time. 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.
Indicator MACD (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 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 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, moving down, is above the 13th EMA midline, amplifying 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% up;
the MACD indicator (histogram) is 38% higher.
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;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Thursday, it is possible to continue moving upward with the target of 1.1691.
GBP / USD pair
Trend analysis (Figure 1)
On Wednesday, the market moved in the side channel because of the news. On Thursday, the trend will greatly depend on the news. Before the news, the price can move up. 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 down. In this case, the trend should be determined by 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 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 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 up, is above the 13th EMA midline (yellow) which signals the uptrend
At the last run 8, the middle EMA line (blue) moved up, crossed the 13th EMA middle line (yellow) from the bottom up which signals the uptrend
21, the middle EMA line moving upward is above the 13th EMA midline, weakening the signals of the upper work.
The bottom line: the EMA middle line system on the daily chart gives an upward trend.
The probability distribution of the indicators is as follows:
the average EMA lines are 24% up;
MACD indicator (linear part) - 38% up4
the MACD indicator (histogram) is 38% higher.
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, it is possible to move up before the news on the GBP / USD pair.
