FX.co ★ Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for August 21, 2017

EUR / USD pair

Trend analysis (Figure 1).

On Friday, the price moved up in the side channel. On Monday, most likely, the lower movement will continue. Bears will try to develop an offensive down. 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 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: 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) is above the 13 middle line of the EMA (yellow) - the upper work signal.

The 21 middle line of the EMA is moving up and below the 13 middle line of the EMA, amplifies the signals of the top 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 - neutral;

- Volumes - down;

- Candle analysis - neutral;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

On Monday, 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 Friday, the price moved in the side channel. On Monday, most likely, there will be a lower movement. 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 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: 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).

The 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% 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 - down;

- Volumes - down;

- Candle analysis - neutral;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

On Monday, the pair GBP / USD will have a downward trend with the first target of 1.2776.