FX.co ★ Indicator analysis. Daily review for EUR / USD and GBP / USD pairs on November 15, 2017

On Wednesday, the following strong calendar news comes out:

- 8.30 London time. GBP, average wage level taking into account premiums (Sept); The expected value at 2.1% compared to the previous value 2.2%;

- 8.30 London time. GBP, the average wage level taking into account premiums (Sept); The expected value at 2.3K compared to the previous value of 1.7K;

- 12.30 London time. USD, the base index of retail sales (m / m) (Oct.); The expected value at 0.2% compared to the previous value of 1.0%;

- 12.30 London time. USD, the volume of retail sales (m / m) (October); The expected value at 0.1% compared to the previous value of 1.6%;

- 12.30 London time. USD, crude oil reserves; The expected value at -2.850M compared to the previous value is 2.237M.

EUR / USD pair

Trend analysis (Figure 1)

On Tuesday, the market moved up because of strong news. As a result, a breakthrough occurred at the resistance line of 1.1740. On Wednesday, there may be a slight downward movement where there will be fixation of profits. 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 upward, and the slow line (indicator period 8 - blue) moved down. 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 which is below the 13th EMA midline (yellow) that signals of the trend in the lower channel.

21, the middle EMA line moved up which is above the 13th EMA midline, amplifying the signals of the trend in the lower channel.

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 - up;

- volumes - down;

- candle analysis - down;

- trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Wednesday, you can roll back down.

GBP / USD pair

Trend analysis (Figure 1)

On Tuesday, the market again tested the support line and went up. On Wednesday, 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 from the indicators of the oscillator 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 at the last day

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

The property calculation of the RSI indicator RSI (8) on the properties 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 - neutral;

- volumes - down;

- candle analysis - neutral;

- trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Wednesday, it is possible for the GBP / USD pair to move down towards the first target of 1.3078.