Trend analysis (Figure 1).
On Tuesday, the market moved up, reaching a recession level of 61.8% - 1.2403 (blue dotted line). On Wednesday before the news, the market may move up. 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.
Indicator MACD (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.
The overall result: The MACD indicator on the daily chart gives an upward trend.
The 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 13 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 13 middle line of the EMA, amplifies the signals of the upper 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 indicator of the MACD (linear part) - 38% up,
The indicator of the MACD (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 - up (blue dotted line);
- Volumes - upwards;
- Candle analysis - down;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Wednesday, most likely, the market will move up to the news before the news, with the first target of 1.2462, a recoil level of 76.4% (blue dotted line).
