FX.co ★ Indicator analysis. Daily review for pairs EUR / USD and GBP / USD on November 16, 2017

On Thursday, the following strong calendar news comes out:

- 8.30 London time. GBP, retail sales (m / m) (October); The expected value is 0.1% compared to the previous value of -0.8%;

- 9.00 London time. EUR, consumer price index (CPI) (y / y) (oct); The expected value is 1.4% compared to the previous value is 1.4%;

- 12.30 London time. USD, the index of production activity from the Federal Reserve Bank of Philadelphia (November), The expected value is 25.0 compared to the previous value of 27.9;

- 13:00 London time. GBP; the speech of the head of the Bank of England Karni.

EUR / USD pair

Trend analysis (Figure 1)

On Wednesday, the market moved in the side channel and recorded profit from the rally on Tuesday. On Thursday, there is possibility for a downward movement. 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 upwards, and the slow line (indicator period 8 - blue) moved upward. In this case, the trend should be determined by 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 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 that is above the 13th EMA midline (yellow) which signals the upper direction.

21, the middle EMA line moved up that is above the 13th EMA midline and weakens the signals in 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. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- volumes - down;

- candle analysis - down;

- trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Thursday, a downward movement is possible.

GBP / USD pair

Trend analysis (Figure 1)

On Wednesday, the market moved in the side channel influenced by the strong news. On Thursday, the upward movement will most likely 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) and the slow line (indicator period 8 - blue) moved up. In this case, the trend should be determined by 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 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 upwards that is below the 13th EMA midline (yellow) which signals the bottom work.

21, the middle EMA line moved down that is above the 13th EMA midline which amplifies the lower work signals.

The bottom line: the EMA middle line system on the daily chart gives a downward trend.

The probability distribution of the indicators is as follows:

the average EMA lines are 24% down;

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. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - neutral;

- volumes - upwards;

- candle analysis - neutral;

- trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Thursday, the GBP / USD pair is possible to move up towards the first target of 1.3228.