FX.co ★ Indicator analysis. Daily review for EUR / USD and GBP / USD on September 15, 2017

On Friday, strong news:

-12.30 London time. USD, the base index of retail sales (m / m) (Aug.); The expected value is 0.5% compared to the previous value of 0.5%;

EUR / USD pair

Trend analysis (Figure 1).

On Thursday, the price started to move up after reaching the 14.6% Fibonacci retracement level (red dotted line). On Friday, the market could continue on. A complex analysis will more accurately determine where the price will go next. Here, the support line is not yet clearly defined.

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 up. In this case, the trend should be determined by the trend type indicators.

MACD Indicator (period 5/8/13).

The linear part of the MACD indicator.

Fast line (signal) - a line of white color.

The slow line (main line) is the blue line.

The result 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.

The daily chart uses the following midlines.

1 middle EMA line - color white (first shadow).

5 the middle line of the EMA - the color is red (the first shadow).

8 middle EMA line - the color is blue (the first shadow and trend).

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

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

At the last run 8, the middle EMA line (blue) moved down which is above the 13th EMA midline (yellow) that signals the top trend.

21 the middle EMA line moved down which is above the 13th EMA midline that amplifies the signals of the upper trend.

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) - 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 - up (red dotted line);

- volumes - upwards;

- candle analysis - neutral;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On the Friday before the news, the EUR / USD pair will most likely move in the lower channel. The target is 1.1838.

GBP / USD pair

Trend analysis (Figure 1).

On Thursday, the price is made a fairly long rally up based on the news as it is almost reached the resistance level of 1.3417 (white solid line). On Friday, the market may continue to move upwards, trying to mark the resistance. A complex analysis will more accurately determine where the price will go next.

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 up, but the fast line reached a value of more than 90%. In this case, the trend should be determined from the indicators of the oscillator type.

Stochastic indicator (period 3/3/4) on the daily chart gives a downward trend (Fig.2).

The system of RSI indicators (Figure 2).

When working with the daily chart, the ones are the ones used in the RSI indicator system: 21 (brown), 8 (blue), 13 (yellow), 5 (red).

The candle is closed at the last day.

Property calculation of the RSI indicator RSI (5) gives a downward trend.

Property calculation of the RSI indicator RSI (8) gives a downward trend.

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

Property calculation of the CCI indicator gives a downward trend.

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 - down;

- volumes - down;

- candle analysis - down;

- trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Friday, the GBP / USD pair may move downward after reaching the resistance line.