FX.co ★ Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for August 28, 2017

EUR / USD pair

Trend analysis (Figure 1).

On Friday, the price moved up on strong Friday news. On Monday, the technique should be the top 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 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 up and above the 13 middle line of the EMA (yellow) is the signal of the top 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 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 up 24%;

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;

- Candle analysis - neutral;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Monday, most likely, the pair EUR / USD will have an upward movement with the target of 1.2070 (resistance line). The only thing to note is that in England, today is a day off.

GBP / USD pair

Trend analysis (Figure 1).

On Friday, the price moved up on strong Friday news. On Monday, the technique should be the top 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 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 by 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 - up;

- Volumes - upwards;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

On Monday, for the pair GBP / USD, it is possible to continue rolling down work.