EUR / USD pair
Trend analysis (Figure 1)
On Friday, the market continued to move down, after managing to test the recession level of 50% at 1.1758. Moreover, it is possible to move up on Monday. The complex analysis will more accurately determine the price direction.
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 by trend type indicators.
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 MACD indicator is a downward trend.
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is a downward trend.
Overall: the MACD indicator on the daily chart shows a downward trend.
Middle lines of the EMA.
The daily chart uses the following midlines.
1 middle EMA line - color white (first shadow).
5 the middle line of the EMA - the color is red (the first shadow).
8 middle EMA line - the color is blue (the first shadow and trend).
13 the middle line of the EMA - the color is yellow (trend).
21 middle EMA line - the color is brown (trend).
At the last run 8, the middle EMA line (blue) moved down, positioned below the 13th EMA midline (yellow) - the signal of the bottom work.
At the last run 8, the middle EMA line (blue) moved down, crossed the 13th middle EMA line (yellow) from the top down - the signal of the bottom work.
21 the middle EMA line, moving down, which is below the 13th EMA midline and weakens the signals of the bottom work.
The bottom line: the EMA middle line system on the daily chart gives a downward trend.
The probability distribution of the indicators are as follows:
the average EMA lines are 24% down;
MACD indicator (linear part) - 38% up;
the MACD indicator (histogram) is 38% higher.
The result of the indicator analysis shows the price will have a downward trend.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - down (blue dotted line);
- volumes - down;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Monday, it is possible to move higher with the initial target at 1.1801 (21 middle EMA line).
GBP / USD Pair
On Friday, the market moved downwards. On Monday, it is possible to continue moving down to the support line at 1.3331. The complex analysis will more accurately determine the price direction.
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 by trend type indicators.
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 MACD indicator is a downward trend.
Histogram of the MASD indicator.
Histogram - columns of black color.
The result for the linear part of the MACD indicator is a downward trend.
Overall: the MACD indicator on the daily chart shows a downward trend.
Middle lines of the EMA.
The daily chart uses the following midlines.
1 middle EMA line - color white (first shadow).
5 the middle line of the EMA - the color is red (the first shadow).
8 middle EMA line - the color is blue (the first shadow and trend).
13 the middle line of the EMA - the color is yellow (trend).
21 middle EMA line - the color is brown (trend).
At the last run 8, the middle EMA line (blue) moved down, positioned above the 13th EMA midline (yellow) - the signal of the top work.
21, the middle EMA line, moving upwards, which is below the 13th EMA midline and strengthens the signals of the top work.
The bottom line shows the EMA middle line system on the daily chart is moving in an upward trend.
The probability distribution of the indicators are as follows:
the average EMA lines are 24% up;
MACD indicator (linear part) - 38% down;
the MACD indicator (histogram) is 38% down.
The result of the indicator analysis shows the price will have a downward trend.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - upwards;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion:
On Monday, the GBP / USD pair could possibly move downwards with the target of 1.3318.
* The presented market analysis is informative and does not constitute a guide to the transaction.