EUR / USD pair.
Trend analysis (Figure 1).
On Monday, the price was moving downwards. While the market roll back up on Tuesday, the passage of a cloud consisting of 13 average EMA and a pullback level of 23.6% from the first is unlikely. 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 (the indicator for period 5 is white) and the slow line (indicator period 8 - blue) moved down. In this case, the trend should be determined by the oscillator type of indicators
Stochastic indicator (period 3/3/4) on the daily chart shows an upward 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).
At the last days closed candle.
The calculation of the RSI indicator (5) on the properties moves down.
Calculation of the RSI indicator (8) by properties moves down.
The bottom line of the RSI indicator system shows a downward trend.
The calculation of the CCI indicator on the properties moves up.
The bottom line of the CCI indicator system shows an upward trend.
The result of the indicator analysis shows the price will have an upward trend.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - down;
- trend analysis - neutral;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
The market will move up on Tuesday, with the initial target at 1.2002.
Pair GBP / USD.
On Monday, the price made a second attempt to go down but the bulls tried to retaliate. While on Tuesday, the market could possibly move higher. The first stop is possible at 1.3612 (upper fractal). 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.
The overall total: 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 up, positioned above the 13th EMA midline (yellow) - the signal of the top work.
21, the middle EMA line moves upwards, positioned below the 13 middle EMA line and strengthening the signals of the top work.
The bottom line of the EMA middle line system on the daily chart shows an upward trend.The probability distribution of the indicators are as follows:
the average EMA lines are 24% up;
The MACD indicator (linear part) is 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 - neutral;
- volumes are neutral;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Tuesday, the GBP / USD pair is possible to move up. The first target is 1.3612 (upper fractal).
* The presented market analysis is informative and does not constitute a guide to the transaction.