On Wednesday, the following strong calendar news comes out:
- 8.30 London time. GBP, the average wage level taking into account the premiums (July); The expected value of 2.3% compared to the previous value of 2.1%;
- 8.30 London time. GBP, change in the number of applications for unemployment benefits (Aug.); The expected value of 0.6K, compared to the previous value of -4.2K;
- 12.30 London time. USD, producer price index (PPI) (m / m) (Aug.); The expected value of 0.3%, compared to the previous value of -0.1%.
- 11.30 London time. USD, crude oil reserves; The expected value of 3.238 M, compared to the previous value of 4.580 M.
EUR / USD pair
Trend analysis (Figure 1).
On Tuesday, the price moved in the side channel after a strong rally down. On Wednesday, the market may start moving 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 down.
Stochastic indicator (period 3/3/4) on the daily chart gives a downward 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).
The candle closed at the last day
Property calculation of the indicator RSI (5) gives a downward trend.
Property calculation of the indicator RSI (8) gives a downward trend .
The bottom line: the RSI indicator system
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.
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - down (red dotted line);
- volumes - down;
- candle analysis - down;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Wednesday, the EUR / USD pair will most likely move in the upper channel. The target is
GBP / USD pair
Trend analysis (Figure 1).
On Tuesday, the price continued to rally higher, reaching the upper fractal level of 1.3267.
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 up.
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 MACD indicator on the daily chart gives an upward trend.
Middle lines of the EMA.
The daily chart uses the following midlines.
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 up which is above the 13th EMA midline (yellow) that signals the top trend.
21, the middle EMA line, moving up that is above the 13th EMA midline, which weakens 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;
the MACD indicator (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 - down;
- Weekly schedule - up.
General conclusion.
On Wednesday, the GBP / USD pair may move upwards.