FX.co ★ Indicator analysis. Daily review for October 5, 2017 for EUR / USD and GBP / USD pairs

On Thursday, the following strong calendar news comes out:

- 11.30 London time. EUR, publication of the minutes of the ECB meeting on the monetary policy

EUR / USD pair

Trend analysis (Figure 1)

On Wednesday, the market moved in the side channel, it moved up due to the technical analysis then decline from the news. On Thursday, the market may continue to move up. 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 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 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).

Closed candle at the last day

The property calculation of the RSI indicator RSI (5) gives a downward trend.

The property calculation of the RSI indicator RSI (8) gives a downward trend.

The bottom line: the RSI indicator system gives a downward trend.

The property calculation of the CCI indicator gives an upward trend.

The bottom line: the CCI indicator system gives an upward trend.

The result of the indicator analysis: the price will have a downward trend.

Fig. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - neutral;

- volumes - upwards;

- candle analysis - neutral;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - up.

General conclusion.

On Thursday, the market may continue to move down.

GBP / USD pair

Trend analysis (Figure 1)

On Wednesday, the market moved in the side channel. On Thursday, it is likely to continue the movement below. 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 ADX (Figure 2).

On the last run, the fast line (indicator 5 - white) moved down, and the slow line (indicator period 8 - blue) moved up. 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 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).

At the last day's closed candle.

The property calculation of the RSI indicator RSI (5) gives a downward trend.

The property calculation of the RSI indicator RSI (8) gives a downward trend.

The bottom line: the RSI indicator system gives a downward trend.

The property calculation of the CCI indicator gives an upward trend.

The bottom line: the CCI indicator system gives an upward trend.

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 - down;

- candle analysis - neutral;

- trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

On Thursday, the GBP / USD pair may move down. The next target is the level of 1.3154.