On Friday, the following strong calendar news comes out:
- 8.30 London time. GBP, the index of business activity in the services sector (Oct.); The expected value is 53.3 compared to the previous value of 53.6;
- 11.30 London time. USD, change in the number of people employed in the non-agricultural sector (Oct.); The expected value is 310K, compared to the previous value of -33K;
- 11.30 London time. USD, unemployment rate (Oct.); The expected value is 4.2% compared to the previous value of 4.2%;
- 13.00 London time. USD, the index of business activity in the non-manufacturing sector (PMI) from the ISM (Oct.); The expected value is 58.5 compared to the previous value of 59.8.
EUR / USD pair
Trend analysis (Figure 1)
On Thursday, the market moved upwards and practicing trend analysis but it was impossible to break through the 38.2% retracement level. On Friday, the movement will go up in the side channel prior to the release of the news, A complex analysis will more accurately determine where the price will go.
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 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).
There is a closed candle 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 an upward trend.
The bottom line: the CCI indicator system gives an upward 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;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Friday, it is possible to continue moving upwards with the target of 1.1691 before the release of the news.
GBP / USD pair
Trend analysis (Figure 1)
On Thursday, the news market moved down and closed below the support line. On Friday, it will greatly depend on the news. Rhe price can move up in the side channel prior to the release of the 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) 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 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).
There is a closed candle at the last day.
The property calculation of the RSI indicator (5) gives an upward trend.
The property calculation of the RSI indicator (8) gives an upward trend.
The bottom line: the RSI indicator system gives an upward trend.
The 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 - down;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - neutral;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Friday, it is possible for the GBP/USD pair to move up towards the first target of 1.3093.
