On Wednesday, the following strong calendar news comes out:
- 12.30 London time. USD, GDP (q / q) (3 sq.), The expected value is 3.2% compared to the previous value of 3.0%;
- 13.00 London time. GBP, the speech of the head of the Bank of England Karni;
- 14.00 London time. USD, the speech of Fed Chairman Yellen;
- 14.00 London time. USD, the index of unfinished sales in the real estate market (m / m) (October), The expected value is 1.0%, compared to the previous value of 0.0%;
- 14.30 London time. USD, crude oil reserves,; he expected value is -3.150M, compared to the previous value of -1.855M.
EUR / USD pair
Trend analysis (Figure 1)
On Tuesday, the market moved down because of the news. On Wednesday, it is possible to move up, with the first target of 1.1878. 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 RSI indicator system (Fig. 2) .l
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 a downward trend.
The property calculation of the RSI indicator (8) gives a downward trend.
The bottom line: the RSI indicator system gives a downward 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 a downward trend.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - up (yellow dotted line);
- volumes - down;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion
On Wednesday, it is possible to move upward towards the first target of 1.878 (yellow dotted line).
GBP / USD pair
Trend analysis (Figure 1)
On Tuesday, the market moved in the side channel. On Wednesday, it is possible to continue its upward movement (working out the price figure "double bottom." 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 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 property calculation of the CCI indicator is neutral.
The bottom line: the CCI indicator system gives a neutral 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 - up;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Wednesday, the GBP / USD pair may move upward.
