FX.co ★ Indicator analysis. Weekly review of the currency pairs EUR / USD and GBP / USD from August 28 to September 2, 2017

EUR / USD pair

Trend analysis (Figure 1).

Last week had a news upward trend. This week it is possible to continue moving upwards. The first upper target is the Fibonacci retracement level of 50.0% - 1.2167 (red dotted line). Where the price will go, more complex analysis will show.

Fig. 1 (weekly chart).

Indicator analysis on the weekly 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 a downward trend (100 points down).

Histogram of the MACD indicator.

Histogram - columns of black color.

The result of the histogram of the MACD indicator is a downward trend (100 points down).

Overall: The MACD indicator on the weekly chart gives a downward trend.

Middle lines of the EMA.

On the weekly chart, the following midlines 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 trend of the week).

13 middle line of the EMA - the color is yellow (trend of the week).

21 middle line of the EMA - the color is brown (trend of the week).

At the last run, the 8 middle line of the EMA (blue) is moving up and above the 13 middle line of the EMA (yellow), which moved upwards is the signal of the upper work.

At the last run, the 13 middle line of the EMA (yellow) is moving up and above the 21 middle line of the EMA (black), which moved upward is the signal gain of the upper work.

The bottom line: The EMA middle line system on the weekly chart gives an upward signal.

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 overall result of the technical analysis: The price on the weekly chart should have a downward trend.

The calculation of the first shadow of the week (Monday) on a weekly chart.

Middle lines EMA 1/5/8 - the upper signal.

The indicator "three lines" (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) - the upper signal.

The calculation of the RSI indicator system for the first tail is not needed.

The bottom line: The calculation of the weekly candle from August 28 to September 2, according to the indicator analysis, showed that the price movement on Monday will be the upper one, but the daily schedule will answer this question definitively.

The calculation of the second shadow of the week (Friday).

The calculation of the linear part of the MACD gave a downward trend (100 points down).

The calculation of the MACD histogram gave a downward trend (100 points down).

The bottom line: The calculation of the last day of the week on technical analysis showed that on Friday, the price may have a downward trend which should be confirmed by the daily chart.

Fig. 2 (weekly chart).

Complex analysis:

- Indicator analysis - down;

- Fibonacci levels - up;

- Volumes - down;

- Candle analysis - neutral;

- Trend analysis - up;

- Bollinger lines - up;

- Monthly graph - up.

Conclusion on complex analysis - up.

The total result of the calculation of the candle currency pair EUR / USD on a weekly chart: The price of the week is likely to have an upward trend with the absence of the first lower shadow of a weekly white candle and the presence of a second upper shadow. The target is 1.2165.

GBP / USD pair

Trend analysis (Figure 1).

The past week had a lateral focus. This week the main question is whether the bears will be able to develop the offensive down to the support line of 1.2710. How much the probability of this scenario is likely will be shown by a comprehensive analysis.

Fig. 1 (weekly chart).

Indicator analysis on the weekly 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 up. 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 (100 points down).

Histogram of the MACD indicator.

Histogram - columns of black color.

The result of the histogram of the MACD indicator is a downward trend (100 points down).

Overall: The MACD indicator on the weekly chart gives a downward trend.

Middle lines of the EMA.

On the weekly chart, the following midlines 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 trend of the week).

13 middle line of the EMA - the color is yellow (trend of the week).

21 middle line of the EMA - the color is brown (trend of the week).

At the last run, the 8 middle line of the EMA (blue) is moving down and above the 13 middle line of the EMA (yellow), which moved down is the signal of the bottom work.

At the last run, the 13 middle line of the EMA (yellow) is moving down and above the 21 middle line of the EMA (black), which moved upwards is the signal of the bottom work.

The bottom line: The EMA midline system on the weekly chart gives a downward signal.

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 overall result of the technical analysis: The price on the weekly chart should have a downward trend.

The calculation of the first shadow of the week (Monday) on a weekly chart.

The middle lines of the EMA 1/5/8 are the lower signal.

The indicator "three lines" (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) is a neutral signal.

The calculation of the RSI indicator system for the first tail is the bottom signal.

The bottom line: The calculation of a weekly candle from August 28 to September 2 for technical analysis showed that on Monday, there will be a lower trend but the price movement will determine the daily schedule.

The calculation of the second shadow of the week (Friday).

The calculation of the linear part of the MACD gave a downward trend (100 points down).

The calculation of the MACD histogram gave a downward trend (100 points down).

Result: The calculation of the last day of the week for technical analysis showed that on Friday, there will be a lower trend but the price movement will determine the daily schedule.

Fig. 2 (weekly chart).

Complex analysis:

- Indicator analysis - down;

- Fibonacci levels - up;

- Volumes - down;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger lines - neutral;

- Monthly graph - up.

Conclusion on complex analysis - down.

The total result of the GBP / USD currency pair candlestick calculation according to the weekly chart: The price for the week is likely to have a downward trend with no first upper shadow in a weekly black candle and no second lower shadow. The goal is 1.2710.