FX.co ★ Indicator analysis. Daily review of EUR / USD and GBP / USD pairs for December 1, 2017

On Friday, the following strong calendar news comes out:

- 7.55 London time. EUR, the index of business activity in the manufacturing sector (PMI) of Germany (Nov.). The expected value is 62.5% compared tothe previous value is 62.5%;

- 8.30 London time. GBP, index of business activity in the manufacturing sector (PMI) (Nov), wait 56.5 compared to the previous value of 56.3;

- 14.00 London time. USD, the index of business activity in the manufacturing sector (PMI) from ISM (Nov.), waiting for 58.4 compared to the previous value of 58.7.

EUR / USD pair

Trend analysis (Figure 1)

On Thursday, the price moved up. On Friday, there will most likely be an increase with the first target of 1.1961. 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).

At the last day's closed candle.

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

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

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

The 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. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - up;

- volumes - down;

- candle analysis - neutral;

- trend analysis - up;

- Bollinger lines - up;

- Weekly schedule - up.

General conclusion.

On Friday, the EUR / USD pair will most likely increase with the first target of 1.1961.

GBP / USD pair

Trend analysis (Figure 1)

On Thursday, the price moved up. On Friday, the expected upward movement may stop due to fixing profits and reaching a target of 161.8% (yellow dotted line). 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 up, is above the 13th EMA midline (yellow) which are signals in the upper channel.

21, the middle EMA line, moving upwards, is below the 13th EMA midline, amplifying 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;

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 - down;

- volumes - down;

- candle analysis - down;

- trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Friday, the GBP / USD pair will be a downward trend with the first target of 1.3475.