On Thursday, the following strong calendar news comes out:
- 11.30 London time. EUR, publication of the minutes of the ECB meeting on monetary policy;
- 12:30 London time. USD, producer price index (PPI) (m / m) (Dec). The expected value is 0.2% compared to the previous value of 0.4%.
EUR / USD pair
Trend analysis (Figure 1)
On Wednesday, the price moved in the side channel. On Thursday, the market can roll back up, after reaching 21 average EMA can roll back up. Candlestick analysis also gives up. 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 by 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).
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 property calculation of the CCI indicator 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 - down;
- volumes - down;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Thursday, the market will move down with the first goal at 1.1916.
GBP / USD pair
On Wednesday, the price continued to move down. On Thursday, the market is likely to move down. The first stop is possible at 1.3481 (lower fractal). 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 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 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).
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 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 - neutral;
- volumes - down;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Thursday, the GBP / USD pair may move down with the first target at 1.3464 (21 average EMA).
