EUR / USD pair
Trend analysis (Figure 1).
In August, the market had an upward trend as it reached the resistance line of the rising channel of 1.2070. A
Fig.
Indicator analysis on the monthly schedule (Figure 2).
The system of indicators ADX (Figure 2) for the EUR / USD pair
On the last run, the fast line (indicator 5 - white) and the slow line (indicator period 8 - blue) moved up.
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 indicator MACD is an upward trend (100 points up).
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the MACD indicator histogram is an upward trend (100 points up).
The grand total: the MACD indicator on the monthly chart gives an upward trend.
Middle lines of the EMA.
On the weekly chart, the following midlines are used.
1 middle EMA line - white color (first shadow).
5 the middle line of the EMA - the color is red (the first shadow).
8 middle EMA line - the color is blue (trend of the week).
13 middle EMA line - yellow color (trend of the week).
21 middle EMA line - brown color (trend of the week).
At the last run 8, the middle EMA line (blue) moved up which is above the 13th EMA midline (yellow) and the signal is upward.
At the last run 8, the middle EMA line (blue) moved up and crossed the 13th middle line of the EMA (yellow), where the signal is upward.
At the last run 13, the middle EMA line (yellow) moved up which is below the 21 middle line of the EMA (black) that moved upwards, weakening the signal of the top trend.
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.
In General: According to the indicator analysis, the price on the monthly chart should have an upward trend.
Calculation of the first shadow of the month (the first week) on a monthly chart.
The middle lines of the EMA 1/5/8 are 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.
Calculation of the RSI indicator system for the first tail is not needed.
The bottom line: On the technical analysis, the calculation of the monthly candle for the month of September showed that the price movement in the first week of June will be the top. In the end, the weekly schedule will answer this question definitively.
Calculation of the second shadow of the month (last week) on a monthly schedule.
The calculation for the MACD linear part - gave an upward trend (100 points up).
Calculation of the MACD histogram - gave an upward trend (100 points up).
The bottom line: the calculation of the last week of June in the technical analysis showed that the last week of the month the price will have an upward trend, but finally a one-week schedule will answer this question definitively.
Fig.
Complex analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - down;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - up;
Conclusion on the complex analysis - the probability of top work is 70% x 30%.
The total result of the calculation of the candle of the EUR / USD currency pair on a monthly chart: the price will most likely have an upward trend with the absence of the first lower shadow (the first week of the month is the upper one) of the monthly white candle and the absence of the second upper shadow (last week is white).
The first top target is 1.2170 (the retracement level is 50%).
Trend analysis (Figure 1).
The price in August moved down, after reaching the support line went up.
Fig.
Indicator analysis on the monthly schedule (Figure 2).
The system of ADX indicators (Figure 2) for the GBP / USD pair.
On the last run, the fast line (indicator 5 - white) moved upwards, and the slow line (indicator period 8 - blue) moved down.
Stochastic indicator (period 3/3/4) on the monthly chart gives a downward 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).
The last closed daylight.
The calculation of the indicator RSI (5) yields down properties.
Calculation of the indicator RSI (8) yields down properties.
The bottom line: the RSI indicator system gives a downward trend.
The calculation of the indicator CCI on the properties 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.
In general: According to the indicator analysis: the price on the monthly chart should have a downward trend.
Calculation of the first shadow of the month (the first week) on a monthly chart.
The middle lines of the EMA 1/5/8 are the lower 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 first tail is not needed.
The bottom line: On the technical analysis, the calculation of a monthly candle for the month of September showed that the price movement in the first week of September will be lower. In the end, the weekly schedule will answer this question definitively.
Calculation of the second shadow of the month (last week) on a monthly schedule.
The calculation for the MACD linear part - gave an upward trend (100 points up).
Calculation of the MACD histogram - gave an upward trend (100 points up).
The bottom line: the calculation of the last week of September for the technical analysis showed that the price in the last week of the month will have an upward trend. In the end, the weekly schedule will answer this question completely.
Fig.
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
Conclusion on complex analysis is possible upward.
The GBP / USD pair on the monthly chart: the price will most likely have an upward trend with the presence of the first lower shadow (the first week of the month is black) with a monthly white candle and the absence of a second upper shadow (last week is white).
The first top target is 1.3213.