On Wednesday, the following strong calendar news comes out:
- 08.55 London time. EUR, change in the number of unemployed in Germany (Dec), waiting for -14K, the previous value of -18K;
- 09.30 London time. GBP, the index of business activity in the construction sector (Dec), waiting for 52.8, the previous value of 53.1;
- 15.00 London time. USD, the index of business activity in the manufacturing sector (PMI) from the ISM (Dec), waiting for 58.1, the previous value of 58.2;
- 19.00 London time. USD, the publication of the FOMC protocols.
Pair EUR / USD
Trend Analysis (Figure 1)
The price moved up on Tuesday. On Wednesday, the market will move up, with the first target of 1.2092 (upper fractal). The complex analysis will more accurately tell where the price will go.
Fig. 1 (daily chart).
Indicator analysis on the daily schedule (Figure 2).
The system of indicators ADX (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.
The fast line (signal) is the white line.
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 line of the EMA - the color is white (first shadow).
5 middle line of the EMA - the color is red (the first shadow).
8 middle line of the EMA - the color is blue (the first shadow and trend).
13 middle line of the EMA - the color is yellow (trend).
21 middle line of the EMA - the color is brown (trend).
At the last run, the 8 middle line of the EMA (blue) moved up and above the 13th middle line of the EMA (yellow) is the signal of the top work.
The 21 middle line of the EMA is moving upwards and below the 13th middle line of the EMA, amplifies the signals of the top 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;
The MACD indicator (linear part) is 38% up,
The MACD indicator (histogram) is 38% up.
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 - down;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Wednesday, the market will move up, with the first target of 1.2092 (upper fractal), after which it is possible to roll back down.
Pair GBP / USD
On Tuesday, the price continued to move up. The market on Tuesday is likely to move up. The first stop is possible at 1.3548. The complex analysis will more accurately tell where the price will go.
Fig. 1 (daily chart).
Indicator analysis on the daily schedule (Figure 2).
The system of indicators ADX (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.
The fast line (signal) is the white line.
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 line of the EMA - the color is white (first shadow).
5 middle line of the EMA - the color is red (the first shadow).
8 middle line of the EMA - the color is blue (the first shadow and trend).
13 middle line of the EMA - the color is yellow (trend).
21 middle line of the EMA - the color is brown (trend).
At the last run, the 8 middle line of the EMA (blue) moved up and above the 13th middle line of the EMA (yellow) is the signal of the upper work.
The 21 middle line of the EMA is moving upwards and below the 13th middle line of the EMA, amplifies the signals of the top 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;
The MACD indicator (linear part) is 38% up;
The MACD indicator (histogram) is 38% up.
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.
Overall conclusion:
On Wednesday, the GBP / USD pair is possible to move upwards. The first target is 1.3640.
