FX.co ★ Indicator analysis. Daily review for July 19, 2017 for pairs EUR / USD and GBP / USD

EUR / USD pair

Trend Analysis (Figure 1)

The price moved up on Tuesday. On Wednesday, most likely, there will be a downward movement. Complex analysis will more accurately tell where the price will go.

Fig. 1 (daily chart).

Indicator analysis on the daily chart (Figure 2).

The system of ADX indicators (Figure 2).

On the last run, the fast line (indicator period 5 - white) and the slow line (indicator period 8 - blue) moved upward. 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 MACD indicator is an upward trend.

Histogram of the MACD indicator.

Histogram - columns of black color.

The result of the histogram of the MACD indicator is an upward trend.

The overall result: The MACD indicator on the daily chart gives an upward trend.

Middle lines of the EMA.

On the daily chart, the following average lines 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 (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 up, and above the 13 middle line of the EMA (yellow) is the signal of the upper work.

21 middle line of the EMA, moved up, 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 are 24% up;

MACD indicator (linear part) is 38% up;

The MACD indicator (histogram) is 38% up.

The result of the indicator analysis: The price will have an upward trend.

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - neutral;

- Volumes - upwards;

- Candle analysis - neutral;

- Trend analysis - neutral;

- Bollinger lines - neutral;

- Weekly chart - down.

General conclusion.

On Wednesday, most likely, the pair EUR / USD will have a pullback.

GBP / USD pair

Trend Analysis (Figure 1)

On Tuesday, the price moved down, in the side channel. On Wednesday, most likely, there will be a downward movement with the first goal, the recaptured Fibonacci level of 14.6% - 1.2956 (yellow dotted line). Complex analysis will more accurately tell where the price will go.

Fig. 1 (daily chart).

Indicator analysis on the daily chart (Figure 2).

The system of ADX indicators (Figure 2).

On the last run, the fast line (indicator 5 - white) was moving down, and the slow line (indicator period 8 - blue) was moving upwards. 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 (Fig. 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 days.

Calculation of the indicator RSI (5) by properties yields down.

Calculation of the indicator RSI (8) by properties yields 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.

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 chart - up.

General conclusion.

On Wednesday, the pair GBP / USD will have a downward trend down with the first goal, the recoil of the Fibonacci level of 14.6% - 1.2956 (yellow dotted line).