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On Wednesday, the following strong calendar news comes out:
- 07.00 London time. EUR, Germany's GDP (q / q) (4 kv), are waiting for 0.6%, the previous value was 0.8%;
- 13.30 London time. USD, basic consumer price index (CPI) (m / m) (Jan.), waiting for 0.2%, the previous value was 0.2%;
- 13.30 London time. USD, the base index of retail sales in the USA (m / m) (Jan.), waiting for 0.2%, the previous value was 0.4%;
- 13.30 London time. USD, retail sales in the US (m / m) (Jan.), waiting for 0.5%, the previous value was 0.4%;
- 15.30 London time. USD, crude oil reserves, are waiting for 2.600M, the previous value was 1.895M.
EUR / USD pair
Trend analysis (Figure 1)
On Tuesday, the price moved up, reaching 50% of the recoil level (blue dotted line). On Wednesday, it is possible to continue the upper movement. The complex analysis will more accurately tell where the price will go.
Fig. 1 (daily chart).
Indicator analysis on the daily schedule (Figure 2).
The system of indicators ADX (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.
The 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).
Closed candle on the last day.
The calculation of the indicator RSI (5) on properties gives up.
The calculation of the indicator RSI (8) by properties gives up.
The bottom line: The RSI indicator system gives an upward trend.
The calculation of the indicator CCI on the properties gives up.
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 - down;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Wednesday, most likely, the market will move up, with the first target of 1.2412, the recession level of 61.2% (blue dotted line).
Pair GBP / USD
Trend analysis (Figure 1)
On Tuesday, the price moved up in the side channel. On Wednesday, the market may continue to move up, with the first target of 1.3985, the retracement level of 38.2% (yellow dotted line). The complex analysis will more accurately tell where the price will go.
Fig. 1 (daily chart).
Indicator analysis on the daily schedule (Figure 2).
The system of indicators ADX (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.
The 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).
Closed candle on the last day.
The calculation of the indicator RSI (5) on properties gives up.
The calculation of the indicator RSI (8) by properties gives up.
The bottom line: The RSI indicator system gives an upward trend.
The calculation of the indicator CCI on the properties gives up.
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 - up;
- Volumes - upwards;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion:
On Wednesday, the GBP / USD pair may be moving up, with the first target at 1.3985, the retracement level of 38.2% (yellow dotted line).
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