On Thursday these are the following strong news:
- 12:30 London time. USD, GDP (q / q) (3 sq.); The expected value is 3.3% compared to the previous value of 3.3%;
- 12:30 London time, USD, the index of production activity from the Federal Reserve Bank of Philadelphia (Dec.); The expected value is -21.5 compared to the previous value of 22.7.
EUR / USD pair
Trend analysis (Figure 1)
On Wednesday, the price moved upward, testing the minimum resistance line at 1.1902. On Thursday, the market may also move upward with the first target at 1.1922 (the maximum resistance line) or immediately go down. 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 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 which is above the 13th EMA midline (yellow) - the signal of the top work.
21, the middle EMA line, moved upwards which is below the 13th EMA midline, amplifying the signals of the top trend.
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;
indicator of the MACD (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 - neutral;
- volumes - down;
- candle analysis - down;
- trend analysis - down;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Thursday, it is possible to move upward with the first goal of 1.1922 (maximum resistance line) followed by a decline is possible.
GBP / USD pair
On Wednesday, the price continued to move in the side channel. On Thursday, the market is likely to move down with the first target at 1.3336 (support line). 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 down which is above the 13th EMA midline (yellow) - the signal of the top trend.
21, the middle EMA line, moving upwards which is below the 13th EMA midline, amplifying the signals of the top trend.
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 - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Thursday, it is possible for the GBP / USD pair to move down with the first target support line at 1.3336.
