Using price is not a good analysis. Figure out the driver of the pair and what the actual risk is, and model the impact to the exchange rate. FX pairs do exhibit momentum but if you don’t conduct an analysis you’ll be the dumb money providing liquidity for the informed.
simply stop reading that news and there will be no confusion. OK. serious discussion. trading and logical thinking/reasoning don't mix. yesterday USD weakened. as such, GBP, AUD, crude oil, gold, copper, natural gas ...went up.
What I have experienced so far is that the most common way to trade news is to look for a period of consolidation or uncertainty ahead of a big number and to trade the breakout on the back of the news.
It's all daily -- just multiple period lengths on the oscillators. I do use multi-time frame analysis too.
That sounds like a good idea, though! Probably above my pay grade! I have some "limited" coding skills when it comes to indicators. I have had to rely / pay some others on some stuff. For this one, I took someone else's idea but tweaked it on my own (which is what I do a lot of -- just find good ideas and then make them even better). Are you an indicator guy? Best wishes!