On Friday the following strong calendar news comes out:
- 13.30 London time. EUR, the index of business activity in the manufacturing sector (PMI) in Germany (Sept), waiting for 59.0, the previous value of 59.3;
- 09.00 London time. EUR, speech by the head of the ECB Draghi;
- 10.30 London time. EUR, speech by the head of the ECB Draghi;
- 20.00 London time. GBP, the speech of the British Prime Minister.
Pair EUR / USD
Trend analysis (Figure 1).
On Thursday, the price, according to technical analysis, moved up after working out strong news on Wednesday. On Friday, the market can continue its 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 a downward 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 at 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 a downward 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 (red dotted line);
- Volumes - upwards;
- Candle analysis - neutral;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Friday, most likely, the pair EUR / USD will have an upward movement. Goal 1.2032.
Pair GBP / USD
Trend analysis (Figure 1).
On Thursday, the market, according to technical analysis, moved up after working off strong lower news. On Friday, the likelihood of top traffic is high. 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 period 5 - white) and the slow line (indicator period 8 - blue) moved up, but the fast line reached a value of more than 90%. 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 a downward 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 at the last day.
The calculation of the indicator RSI (5) on the properties gives down. Calculation of the indicator RSI (8) by properties gives down.
The bottom line: The RSI indicator system gives a downward trend.
The calculation of the indicator CCI on the properties gives down.
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 - neutral;
- Candle analysis - neutral;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion. On Friday, the pair GBP / USD may move upwards.
