On Wednesday, the following strong calendar news comes out:
- 7.00 London time, the speech of the head of the ECB Draghi;
- 7.30 London time, the index of business activity in the manufacturing sector (PMI) of Germany for August.
- 14.00 London time, sales of new housing for July.
- 14.30 London time, crude oil reserves.
EUR / USD pair
Trend analysis (Figure 1).
On Tuesday, the price moved down.
Fig.
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.
Stochastic indicator (period 3/3/4) on the daily chart gives an upward trend (Fig. 2).
The system of RSI indicators (Fig.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).
Candle closed at the last day
Calculation of the indicator RSI (5) yields properties down.
Calculation of the indicator RSI (8) yields properties down.
The bottom line: the RSI indicator system gives a downward trend.
The calculation of the indicator CCI on the properties gives 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.
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - neutral;
- volumes - down;
- candle analysis - neutral;
- trend analysis - down;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Wednesday, the EUR / USD will most likely move lower towards the first target of 1.1681.
GBP / USD Pair
Trend analysis (Figure 1).
On Tuesday, the price moved down.
Fig.
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) was moving down, and the slow line (indicator period 8 - blue) was moving upwards.
Indicator MACD (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 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 grand total: the MACD indicator on the daily chart gives an upward trend.
Middle lines of the EMA.
On the daily chart, the following average lines are used.
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 down, is below the 13th EMA midline (yellow) - the signal of the bottom work.
21, the middle EMA line moved down, which is above the 13th EMA midline. This amplifies the signals below.
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;
Indicator of the MACD (linear part) - 38% up;
The MACD indicator (histogram) is 38% higher.
The result of the indicator analysis: the price will have an upward trend.
Fig.
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - down;
- volumes - upward;
- candle analysis - neutral;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Wednesday, the GBP / USD pair will have a downward trend with the first target at 1.2776.