On Tuesday, the following are the strong calendar news:
- 6.30 London time. GBP, the speech of the head of the Bank of England Karni;
- 13.45 Moscow time. USD, the speech of FOMC Powell member;
- 14.00 Moscow time. USD, consumer confidence index CB (Nov.); The expected value is 124.0 compared to the previous value of 125.9.
EUR / USD pair
Trend analysis (Figure 1)
On Monday, the market moved in the side channel. In the beginning, it reached the upper pullback level of 1.1966, and then the price went down. On Tuesday, it is possible to move up with the first target of 1.1966. 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 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 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 grand total: 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 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 thatis above the 13th EMA midline (yellow) which signals the uptrend
21, the middle EMA line, moving upwards which is below the 13th EMA midline, amplifying the signals of the upper channel
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;
the MACD indicator (linear part) - 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 - down;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Tuesday, it is possible to move down with the first target at 1.865 (blue dotted line).
GBP / USD pair
Trend analysis (Figure 1)
On Monday, the market moved in the side channel and closed below the resistance level. On Tuesday, it is possible to continue moving upwards (the price figure is a double base). 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. Yet, the fast line had a value above 90%, in this case the trend should be determined by the indicators of the oscillator type.
Stochastic indicator (period 3/3/4) on the daily chart gives an upward 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).
At the last day's closed candle.
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 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 an upward trend.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - down;
- volumes - upwards;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion:
On Tuesday, the GBP / USD pair may move up with the first target at 1.3382 (upper fractal).
