On Friday these are the following strong calendar news:
- 7.30 London time. EUR, speech by the head of the ECB Draghi;
- 12.30 London time. USD, the number of issued building permits (Oct.); The expected value is 1.247M compared to the previous value of 1.225M.
EUR / USD pair
Trend analysis (Figure 1)
On Thursday, the market was moved down. On Friday, it is possible to continue moving upwards towards the upper fractal level of 1.1860. 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 by indicators of oscillatory 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 following periods are used in the RSI indicator system: 21 (brown), 8 (blue), 13 (yellow), 5 (red).
There is a closed candle in the last day.
The property calculation of the RSI indicator (5) on properties gives an upward trend.
The property calculation of the RSI indicator (8) on properties gives an upward trend.
The bottom line: the RSI indicator system gives an upward 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 an upward trend.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Friday, it is possible to move up, with the first goal at 1.1860.
GBP / USD pair
Trend analysis (Figure 1)
On Thursday, the market moved up. On Friday, it is likely that the upward 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) 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 that is above the 13th EMA midline (yellow) which signals the top trend.
21, the middle EMA line, moved up which is above the 13th EMA midline that weakens the signals of the upper work.
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 - neutral;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Friday, it is possible for the GBP/USD pair to move up towards the first target at the level of = 1.3228.
