Pair EUR / USD
Trend analysis (Figure 1).
Last week the news had an upward trend. Next week, after the price has repeatedly pushed off the support line and went up, it is possible to continue moving upwards. The first upper target is the Fibonacci retracement level of 50% - 1.2167 (red dashed line). Where the price goes, more complex analysis will show more accurately.
Fig. 1 (weekly chart).
Indicator analysis on the weekly 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 weekly 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.
The 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.
A summary of the indicator analysis: The price on the weekly chart should have a downward trend.
The 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) is a neutral signal.
The calculation of the RSI indicator system for the first tail is the bottom signal.
The bottom line: The weekly candlestick calculation from September 25 to 30 showed that the price movement on Monday should be downward but the final answer depends entirely on the daily chart.
The calculation of the second shadow of the week (Friday).
The calculation for the MACD linear part gave a downward trend (100 points down).
The 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 - down;
- Fibonacci levels - up;
- Volumes - upwards;
- Candle analysis - neutral;
- 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 the weekly chart: The price of the week is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle and the presence of a second upper shadow. The first target is 1.2092 (the upper fractal level)
Pair GBP / USD
Trend analysis (Figure 1)
The previous week had a downward trend. The price has reached the resistance line and traders decided to fix a part of the profit. Next week, there will be a downward trend (against the trend.) How much the probability of this scenario is likely will be shown by a comprehensive analysis.
Fig. 1 (weekly chart).
Indicator analysis on the weekly 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 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.
The fast line (signal) is the white line.
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 histogram of the MACD indicator is an upward trend (100 points up).
Overall: 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 (trend of the week).
13 middle line of the EMA - the color is yellow (the 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 13 middle line of the EMA (yellow) is moving up and above the 21 middle line of the EMA (black), which moved upwards is the signal gain of the upper work.
The bottom line: The EMA mid-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;
- The MACD indicator (linear part) is 38% up;
- The MACD indicator (histogram) is 38% up.
The total on technical analysis: The price on the weekly chart should have an upward trend.
The 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) is a neutral signal.
The calculation of the RSI indicator system for the first tail is the upper signal.
Result: The calculation of the weekly candle from 25 to 30 September on technical analysis showed that on Monday, there will be an upper trend but the price movement will determine the daily schedule.
The calculation of the second shadow of the week (Friday).
The calculation for the MACD linear part gave a downward trend (100 points down).
The 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 - up;
- Fibonacci levels - neutral;
- Volumes - down;
- Candle analysis - down;
- Trend analysis - down;
- Bollinger lines - down;
- Monthly graph - up.
Conclusion on complex analysis - downward movement (down).
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 a downward trend with the presence of the first upper shadow of the weekly black candle and the absence of the second lower shadow.