On Friday, the following strong calendar news comes out:
- 12.30 London time. USD, basic consumer price index (CPI) (m / m) (dec). The expected value is 0.2% compared to the previous value of 0.1%;
- 12.30 London time. USD, base retail sales index (m / m) (dec). The expected value is 0.4% compared to the previous value is 1.0%;
- 12.30 London time. USD, the volume of retail sales (m / m) (Dec). The expected value is .4% compared to the previous value of 0.8%.
EUR / USD pair.
Trend analysis (Figure 1).
On Thursday, the price moved upward because of strong news. On Friday, the market should finish the top fractal at 1.2089. 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 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 CCI 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 an upward trend.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - neutral;
- volumes - down;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Friday, the market will most likely move up with the first target of 1.2089.
GBP / USD pair
On Thursday, the price moved upward because of strong news. On Friday, the market is likely to move down. The first stop is possible at 1.3612 (upper 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 ADX indicators (Figure 2).
On the last run, the fast line (indicator 5 - white) moved upward, 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 - neutral;
- volumes - down;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Friday, it is possible for the GBP/USD to move up. The first target is 1.3612 (upper fractal).
