FX.co ★ Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for August 17, 2017

On Thursday, the following strong calendar news comes out:

- 9.30 BST GBP, retail sales (m / m) (July), waiting for 0.2%, previous value of 0.6%;

- 10.00 BST EUR, consumer price index (CPI) (y / y) (July), waiting for 1.3%, previous value of 1.3%;

- 13.30 BST USD, the index of production activity from the Federal Reserve Bank of Philadelphia (Aug), waiting for 18.5, previous value of 19.5.

EUR / USD pair

Trend analysis (Figure 1).

On Wednesday, the price of news went up. On Thursday, most likely, the upper movement will continue. The bulls will try to develop the offensive. 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 ADX indicators (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 from the 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 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 day.

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

The calculation of the RSI indicator (8) by properties yields down.

The bottom line: The RSI indicator system gives a downward trend.

The calculation of the CCI indicator 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 - up;

- Volumes - down;

- Candle analysis - neutral;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Thursday, most likely, the pair EUR / USD will have a downward movement with the first target of 1.1682.

GBP / USD pair

'Trend analysis (Figure 1).

On Wednesday, the price of news went up. On Thursday, most likely, by inertia before lunch, the upper movement will continue, then the bottom is possible. 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 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 down and below the 13 middle line of the EMA (yellow) is the signal of the bottom work.

The 21 middle line of the EMA is moving down and above the 13 middle line of the EMA amplifies the lower work signals.

The bottom line: The EMA middle line system on the daily chart gives a downward trend.

The probability distribution of the indicators is as follows:

The average EMA lines are 24% down;

The 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 - down;

- Volumes - upwards;

- Candle analysis - neutral;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

On Wednesday, the pair GBP / USD will have a downward trend with the first target of 1.2841.