On Tuesday, the following are the strong calendar news:
- 12.30 London time. USD, the index of production activity from the Federal Reserve Bank of Philadelphia (Feb.). The expected value of 21.1 compared to the previous value of 22.2;
- 12.30 London time. USD, producer price index (PPI) (m / m) (Jan.). The expected value of 0.4% compared to the previous value is -0.1%.
Trend analysis (Figure 1)
On Wednesday, the price moved up and closed above 61.8% of the recession level (blue dotted line). On Thursday, the an upward movement is possible. 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 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 up, is above the 13th EMA midline (yellow) - the signal of the top trend.
21, the middle EMA line, moving upwards, 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 indicator of the MACD (linear part) is 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 - up;
- volumes - down;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Thursday, the market will most likely move up, with the first target of 1.2523 (upper fractal).
GBP / USD pair
Trend analysis (Figure 1)
On Wednesday, the price moved up. On Thursday, the market may continue to move up, with the first target of 1.4053 with a pullback level of 50.0% (yellow dotted 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 upwards, is below the 13th EMA midline (yellow) - the signal of the bottom movement.
21, the middle EMA line moving upward is below the 13th EMA midline, weakening the signals of the bottom movement.
The bottom line: the EMA middle line system on the daily chart gives a downward trend.
The probability distribution of the indicators is as follows:
the average EMA lines are 24% down;
The MACD indicator (linear part) is 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 - up;
- volumes - upwards;
- candle analysis - down;
- trend analysis - down;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion:
On Thursday, the GBP / USD pair will have an upward movement, but after reaching the pullback level of 50.0% at 1.4053, there may be a downward movement.
