Trend analysis (Figure 1)
On Thursday, the market moved down, practicing strong news. On Friday morning, there was a second attempt to break down the 50% recoil level, which ended in failure. So, before the news, the market can 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 down. In this case, the trend should be determined from the indicators of the oscillator type.
The stochastic indicator (period 3/3/4) on the daily chart gives a downward trend (Fig. 2).
The system of indicators RSI (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).
On the last closed candle.
The calculation of the indicator RSI (5) on properties gives up.
The calculation of the indicator RSI (8) by properties gives up.
The bottom line: The RSI indicator system gives a downward trend.
The calculation of the indicator CCI on the properties gives down.
The bottom line: The CCI indicator system gives a downward 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 - upwards;
- Candle analysis - down;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Friday, the market before the news will move up (in the side channel). Then, presumably, down.
