FX.co ★ Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for July 24, 2017

EUR / USD pair

Trend analysis (Figure 1).

On Friday, the price moved upwards. On Monday, most likely, the upper movement will continue. Bulls will try to reach the recoiling Fibonacci level of 38.2% - 1.1736. 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.

The 21 middle line of the EMA is moving 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;

The MACD indicator (linear part) - 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 - up;

- Volumes - upwards;

- Candle analysis - neutral;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly chart - up.

General conclusion.

On Monday, most likely, the pair EUR / USD will have an upper movement with the first target of 1.1736.

GBP / USD pair

Trend analysis (Figure 1).

On Friday, the price moved up. On Monday, the market will try to go up, with the target of 1.3124, the upper fractal level (red 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 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 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 result: The MACD indicator on the daily chart gives a downward 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 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 up, and above 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;

The MACD indicator (linear part) is 38% down;

The MACD indicator (histogram) is 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 - up;

- Bollinger lines - up;

- Weekly chart - up.

General conclusion.

On Monday, the pair GBP / USD will have an upward trend, up to the level of 1.3124.