FX.co ★ Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for August 25, 2017

On Friday, the following strong calendar news comes out:

- 07.00 London time, EUR, Germany's GDP (Q / Q) (Q2), waiting for 0.6%, the previous value was 0.6%;

- 09.00 BST, EUR, IFO business climate index (Aug), waiting for 115.5, the previous value was 116.0;

- 13.30 BST, USD, basic orders for durable goods (m / m) (July), waiting for 0.4%, the previous value was 0.1%;

- 15.00 BST, USD, the speech of the Chairman of the Federal Reserve Yellen;

- 20.00 BST, EUR, the speech of the head of the ECB Draghi.

EUR / USD pair

Trend analysis (Figure 1).

On Thursday, the price moved in the side channel in anticipation of strong Friday news. On Friday, there must be a top movement on the technique, but it all depends on the news. 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 from the indicators of the oscillator type.

The stochastic indicator (period 3/3/4) on the daily chart gives an upward 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 indicator RSI (5) on properties gives up.

The calculation of the indicator RSI (8) on the 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 - neutral;

- Volumes - upwards;

- Candle analysis - neutral;

- Trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Friday, most likely, the pair EUR / USD will have an upward movement with the first target of 1.11846.

GBP / USD pair

Trend analysis (Figure 1).

On Thursday, the price moved in the side channel in anticipation of strong Friday news. On Friday, there should be an upper movement on the technique, after reaching the retraceable Fibonacci level of 38.2% - 1.2776 (red dotted line), but it all depends on the news. 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 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 - up;

- Volumes - upwards;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

On Friday, the GBP / USD pair is capable of rolling back up.