EUR / USD pair
Trend analysis (Figure 1)
Last week, the pair had an upward trend. Next week, after breaking through the resistance lines, the upward movement will continue. The first top target is the Fibonacci retracement level of 38.2% - 1.1734. More complex analysis will show to know where the price will go.
Fig. 1 (weekly chart).
Indicator analysis on the weekly chart (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) is the white line.
The slow line (main line) is the blue line.
The result for the linear part of the MACD indicator is a downward trend (100 points down).
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is a downward trend (100 points down).
Overall result: The MACD indicator on the weekly chart gives a downward trend.
Middle lines of the EMA.
On the weekly chart, the following midlines are used.
1 middle line of the EMA - the color is white (first shadow).
5 middle line of the EMA - the color is red (the first shadow).
8 middle line of the EMA - the color is blue (the trend of the week).
13 middle line of the EMA - the color is yellow (trend of the week).
21 middle line of the EMA - the color is brown (trend of the week).
At the last run, the 8 middle line of the EMA (blue) is moving up and above the 13 middle line of the EMA (yellow), which moved upwards is the signal of the upper work.
At the last run, the 8 middle line of the EMA (blue) is moving up and crossed the 13 middle line of the EMA (yellow), which moved upwards - no.
At the last run, the 13 middle line of the EMA (yellow) is moving up and above the 21 middle line of the EMA (black), which moved upwards, amplifies the signal of the upper work.
The bottom line: The EMA middle line system on the weekly chart gives an upward signal. The probability distribution of the indicators is as follows:
- The average EMA lines are 24% up;
- MACD indicator (linear part) - 38% up;
- MACD indicator (histogram) - 38% up.
The overall result of the technical analysis: The price on the weekly chart should have an upward trend.
Calculation of the first shadow of the week (Monday) on a weekly chart.
Middle lines EMA 1/5/8 - the upper signal.
The indicator "three lines" (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) - the upper signal.
The calculation of the RSI indicator system for the first tail is not needed.
The bottom line: The calculation of a weekly candle from July 24 to 28 showed that the price movement on Monday will be the upper one, but the day's schedule will answer this question definitively.
Calculation of the second shadow of the week (Friday).
Calculation of the linear part of the MACD - gave a downward trend (100 points down).
Calculation of the MACD histogram - gave a downward trend (100 points down).
The bottom line: The calculation of the last day of the week on technical analysis showed that on Friday the price may have a downward trend, which should be confirmed by the daily chart.
Fig. 2 (weekly chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - down;
- Candle analysis - down;
- Trend analysis - up;
- Bollinger lines - up;
- Monthly graph - up.
Conclusion on complex analysis - up.
The total result of the calculation of the candle currency pair EUR / USD on a weekly chart: The price for the week is likely to have an upward trend with the absence of the first upper shadow of the weekly white candle and the presence of a second upper shadow.
The first target is 1.1734.
GBP / USD pair
Trend analysis (Figure 1).
Last week, the pair had a downward trend. This week, the main question is whether the bulls will be able to develop the offensive up to resistance line of 1.3190. The probability of this scenario is expected to be shown by a comprehensive analysis.
Fig. 1 (weekly chart).
Indicator analysis on the weekly chart (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) is the white line.
The slow line (main line) is the blue line.
The result for the linear part of the MACD indicator is a downward trend (100 points down).
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is a downward trend (100 points down).
Middle lines of the EMA.
On the weekly chart, the following midlines are used.
1 middle line of the EMA - the color is white (first shadow).
5 middle line of the EMA - the color is red (the first shadow).
8 middle line of the EMA - the color is blue (the trend of the week).
13 middle line of the EMA - the color is yellow (trend of the week).
21 middle line of the EMA - the color is brown (trend of the week).
At the last run, the 8 middle line of the EMA (blue) is moving up and above the 13 middle line of the EMA (yellow), which moved upwards is the signal of the upper work.
At the last run, the 8 middle line of the EMA (blue) is moving up and crossed the 13 middle line of the EMA (yellow), which moved upwards - no.
At the last run, the 13 middle line of the EMA (yellow) is moving up and above the 21 middle line of the EMA (black), which moved upwards, amplifies the signal of the upper work.
The bottom line: The EMA middle line system on the weekly chart gives an upward signal. The probability distribution of the indicators is as follows:
- The average EMA lines are 24% up;
- MACD indicator (linear part) - 38% down;
- MACD indicator (histogram) - 38% down.
The overall result of the technical analysis: The price on the weekly chart should have a downward trend.
Calculation of the first shadow of the week (Monday) on the weekly chart.
Middle lines EMA 1/5/8 - the upper signal.
The indicator "three lines" (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) - the bottom signal.
Calculation of the RSI indicator system for the upper tail is the upper signal.
The bottom line: The calculation of the weekly candle from 03 to 08 July on technical analysis showed that on Monday there will be an upper trend, but the price movement will determine the daily schedule.
Calculation of the second shadow of the week (Friday).
Calculation of the linear part of the MACD - gave a downward trend (100 points down).
Calculation of the MACD histogram - gave a downward trend (100 points down).
Result: The calculation of the last day of the week for technical analysis showed that on Friday there will be a lower trend, but the price movement will determine the daily schedule.
Fig. 2 (weekly chart).
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - up;
- Volumes - down;
- Candle analysis - down;
- Trend analysis - down;
- Bollinger lines - neutral;
- Monthly graph - up.
Conclusion on complex analysis - up.
The total sum of the GBP / USD currency pair candlestick calculation according to the weekly chart: The price for the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle and the presence of the second upper shadow. The first target is 1.3213.