On Thursday, the following strong calendar news comes out:
- 11.00 London time. GBP, the decision on the interest rate (Sept); The expected value is 0.25% compared to the previous value of 0.25%;
- 11.30 London time. GBP, minutes of the meeting of the Committee on Monetary Policy;
- 12.30 London time. USD, the basic consumer price index (CPI) (m / m) (Aug.); The expected value is 0.2% compared to the previous the value of 0.1%.
EUR / USD pair
Trend analysis (Figure 1).
On Wednesday, the price continued to move down, and the news played a significant role in this trend. On Thursday, the market may start moving up. A complex analysis will more accurately determine where the price will go next. Here, the support line is not yet clearly defined.
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 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).
The candle closed at the last day.
Property calculation of the RSI indicator (5) gives a downward trend.
Property calculation of the RSI indicator (8) gives a downward trend.
The bottom line: the RSI indicator system gives a downward trend.
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 - neutral;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Thursday, the EUR / USD pair will most likely move in the lower region. The target is 1.1837.
GBP / USD pair
Trend analysis (Figure 1).
On Wednesday, the price was moving down based on the news as it almost reaches the recessionary 23.6% Fibonacci level at 1.3196 (yellow dotted line). On Thursday, the market may continue to move down, but this will still depend on the news. 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 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 a downward trend.
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is a downward trend.
In general: the MACD indicator on the daily chart gives a downward 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, moved 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% down;
the MACD indicator (histogram) is 38% down.
The result of the indicator analysis: the price will have a downward trend.
Fig.
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - down;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Thursday, the GBP / USD pair may move down, but this will still depend on the news.