EUR / USD pair.
Trend analysis (Figure 1).
On Tuesday, the price was moving in the side channel. When moving down, after reaching the pullback level of 23.6% (yellow dotted line), the market went up. On Wednesday, the downward movement may continue. The complex analysis will more accurately tell where the price will go.
Fig. 1 (daily chart).
Indicator analysis on the daily 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 by indicators of the oscillator type.
The stochastic indicator (period 3/3/4) on the daily 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).
On the last closed candle.
The calculation of the indicator RSI (5) on properties gives up.
The calculation of the indicator RSI (8) by properties gives up.
The bottom line: The RSI indicator system gives an upward trend.
The calculation of the indicator CCI on the properties gives up.
The bottom line: The CCI indicator system gives an upward trend.
The result of the indicator analysis: The price will have an upward trend.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - upwards;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Wednesday, most likely, the market will move up, with the first target of 1.2436 (upper fractal).
Pair GBP / USD.
Trend analysis (Figure 1).
On Tuesday, the price moved in the side channel, reaching a retracement level of 38.2%. On Wednesday, the market may start moving upwards, with a probability of 60% x40%. The complex analysis will more accurately tell where the price will go.
Fig. 1 (daily chart).
Indicator analysis on the daily 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.
Indicator MACD (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 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 result: The MACD indicator on the daily chart gives a downward trend.
The middle lines of the EMA.
The daily chart uses the following midlines.
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 (the first shadow and trend).
13 middle line of the EMA - the color is yellow (trend).
21 middle line of the EMA - the color is brown (trend).
At the last run, the 8 middle line of the EMA (blue) moved down and above the 13 middle line of the EMA (yellow) is the signal of the upper work.
The 21 middle line of the EMA is moving upwards and below the 13 middle line of the EMA, amplifies the signals of the upper work.
The bottom line: The EMA middle line system on the daily chart gives an upward trend.
The probability distribution of the indicators is as follows:
The average EMA lines - 24% up;
The MACD indicator (linear part) - 38% down,
The MACD indicator (histogram) - 38% down.
The result of the indicator analysis: 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 - down;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion:
On Wednesday, on the pair GBP / USD, there may be a move upward with the target of 1.4029 (the retracement level of 38.2%).