On Monday, strong calendar news is not expected and the market is likely based it on the technical analysis.
The EUR / USD pair
Trend analysis (Figure 1).
On Friday, the market went down after the resistance line was achieved once again. On Monday, the market may continue to move down. 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 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).
A closed candle was found at the last day
The property calculation of the RSI indicator (5) gives a downward trend.
The property calculation of the RSI indicator (8) gives a downward trend.
The bottom line: the RSI indicator system gives a downward trend.
The property calculation of the CCI indicator 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.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - down (yellow dotted line);
- volumes - down;
- candle analysis - down;
- trend analysis - down;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Monday, the market may continue to move down. The first target is 1.1799.
GBP / USD pair
Trend analysis (Figure 1).
On Friday, the market went down after reaching the pullback level of 50.0% (yellow dotted line), but again, the news drove the price up. On Monday, the price may continue to move up. A complex analysis will more accurately tell 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 from the indicators of the oscillator type.
Stochastic indicator (period 3/3/4) on the daily 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).
A closed candle was found at the last day.
The property calculation of the RSI indicator (5) gives a downward trend.
The property calculation of the RSI indicator (5) gives a downward trend.
The bottom line: the RSI indicator system gives a downward trend.
The property calculation of the CCI indicator CCI 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 - down;
- volumes - down;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Monday, the GBP / USD pair may move down.