On Thursday, the following strong calendar news comes out:
- 11.00 London time. GBP, Bank of England letter on inflation;
- 11.00 London time. GBP, the Bank of England's inflation report;
- 11.00 London time. GBP, decision on the interest rate (Feb), wait 0.5%, the previous value of 0.5%;
- 11.30 London time. GBP, the speech of the head of the Bank of England Karni.
EUR / USD pair
Trend analysis (Figure 1)
On Wednesday, the price is decided to move further down the line. It is not for nothing that they say that the recoil is the most unpredictable and difficult to calculate. When moving down, after reaching the pullback level of 23.6% (yellow dotted line), the next target for the market is the level of 1.2162 (a 38.2% retracement level). On Thursday, the downward movement may continue. 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) moved upward, 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 ones are the ones used in the RSI indicator system: 21 (brown), 8 (blue), 13 (yellow), 5 (red).
At the last day.
The property calculation of the RSI indicator (5) gives an upward trend.
The property calculation of the RSI indicator (8) gives an upward trend.
The bottom line: the RSI indicator system gives an upward trend.
The property calculation of the CCI.
The bottom line: the CCI indicator system.
The result of the indicator analysis: the price will have an upward trend.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - down;
- volumes - upwards;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Thursday, the market will most likely move up, with the first target of 1.2316 (a recoil rate of 23.6%).
GBP / USD pair
Trend analysis (Figure 1)
On Wednesday, the price moved down, but never reaching the lower fractal level. On Thursday, the market could start moving upward, with a probability of 60% to 40%. 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 up. In this case, the trend should be determined by the trend type indicators.
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 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.
The grand total: the MACD indicator gives a downward trend on the daily chart.
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 down, is above the 13th EMA midline (yellow) - the signal of the top trend.
21 the middle line of the EMA, Y moving up, is below the 13th EMA midline, amplifying the signals of the top trend.
The bottom line: the EMA middle line system gives an upward trend on the daily chart.
The probability distribution of the indicators is as follows:
the average EMA lines are 24% up;
The MACD indicator (linear part) is 38% down,
the MACD indicator (histogram) is 38% down.
The result of the indicator analysis: the price will have a downward trend.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - upwards;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion:
On Thursday, the GBP / USD pair may be moving upward with the target of 1.3956 (a recoil rate of 23.6%), but will largely depend on strong news.