On Friday, the following strong calendar news will come out:
- 11.45 London time, GBP, production in the manufacturing industry (m / m) (Jan.). The expected value is -0.2% compared to the previous value of 0.3%;
- 12.30 London time, USD, change in the number of employed in the non-agricultural sector (Feb.). The expected value is compared to the previous value of 200K;
- 12.30 London time, USD, unemployment rate (Feb). The expected value is compared to the previous value of 4.1%.
Trend analysis (Figure 1).
On Thursday, the news moved down because of the news. On Friday before the news, the market can move down towards the first target 1.3744 on the support 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 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 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 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 a downward trend.
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 - neutral;
- volumes - down;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion:
On Friday, the GBP / USD pair will have downward movement towards the first target of 1.3744 at the support line.
