On Friday there will be a strong calendar news:
- 8.30 London time. GBP, production in the manufacturing industry ( m / m) (July). The expected value is -0.3% compared to the previous value of 0.0%.
EUR / USD pair
Trend analysis (Figure 1).
On Thursday, the price moved up because of strong news as it almost reached the upper fractal level of 1.2070. On Friday, the market may continue to move up. A complex analysis will more accurately determine where the price will go next.
Fig.
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 upwards.
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 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.
Overall, the indicator of the MACD on the daily chart gives an upward trend.
Middle lines of the EMA.
The daily chart uses the following midlines.
1 middle EMA line - white color (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 the 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 that is above the 13th EMA midline (yellow) which signals the top trend.
21, the middle EMA line moved up which is below the 13th EMA midline that amplifies the signals of the upper channel.
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;
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 - up;
- volumes - upwards;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Friday, the EUR / USD pair will most likely move in the upper region with a t
GBP / USD pair
Trend analysis (Figure 1).
On Thursday, the price moved up because of strong news. It broke through the recessionary level of 61.8% - 1 3078. On Friday, the market may continue to move up.
Fig.
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 upwards.
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 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.
Overall, the indicator of the MACD on the daily chart gives an upward trend.
Middle lines of the EMA.
The daily chart uses the following midlines.
1 middle EMA line - white color (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 the 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 which is above the 13th EMA midline (yellow) that signals the top trend.
21, the middle EMA line moved up that is above the 13th EMA midline which weakens the signals of the upper channel.
Overall, 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;
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 - up;
- volumes - upwards;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Friday, the GBP / USD pair may move upwards. The first goal is 1.3150.