FX.co ★ Indicator analysis. Weekly review from October 16 - 21 for 2017 on EUR / USD and GBP / USD currency pairs

For the EUR / USD pair, the monthly trend is descending. The first lower target is 1.1680 with the retracement level at 23.6% (the blue line). For the GBP / USD pair, the monthly trend is headed upward. The Upper target is the resistance line at 1.3633.

EUR / USD pair

Trend analysis (Figure 1)

Last week, there was an upward trend based on the news. The price tested the Fibonacci retracement level of 50.0% at 1.1880 (yellow dotted line), but closed lower. Next week, it's possible to continue its downtrend. A more complex analysis will show more accurately will determine where the price will go next.

Fig. 1 (weekly chart).

Indicator analysis on the weekly 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 down. In this case, the trend should be determined from the indicators of the oscillator type.

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

The system of RSI indicators (Figure 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).

A closed candle was found at the last day.

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

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

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

The property calculation of the indicator CCI gives an upward trend.

The bottom line: the CCI indicator system gives an upward trend.

Overall, the price on the weekly chart should have a downward trend, according to the indicator analysis.

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 the upper signal.

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

The bottom line: the calculation of the weekly candle from October 16 to October 21 showed that the price movement on Monday should be ascending, but the final answer depends entirely on the daily chart, according to the indicator analysis.

Calculation of the second shadow of the week (Friday).

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

Calculation of the MACD histogram - gave a downward trend (100 points down).

The bottom line: the bottom line, the day, the day, the day,

Fig. 2 (weekly chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - up;

- monthly chart - down.

Conclusion on complex analysis - down.

The EUR / USD currency pair calculation of the total result of the candle on the weekly chart shows that the price of the week is likely to have a downward trend second lower shadow. Target will be at at 1.1670.

GBP / USD pair

Trend analysis (Figure 1).

The previous week had an upward trend. The price has reached 50% of the pullback level at 1.3336 (yellow dotted line). In the next week, there will most likely be an upward trend. How much the probability of this scenario will most likely be shown by a comprehensive analysis.

Fig. 1 (weekly chart).

Indicator analysis on the weekly 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 down. In this case, the trend should be determined from the indicators of the oscillator type.

Stochastic indicator (period 3/3/4) on the weekly 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).

A closed candle was found at the last day.

The property calculation of the indicator RSI (5) gives an upward trend.

The property calculation of the indicator RSI (8) gives an upward trend.

Result: the system of indicators RSI gives an upward trend.

The property calculation of the indicator CCI gives an upward trend.

The bottom line: the CCI indicator system gives an upward trend.

Overall, the price on the weekly chart should have an upward trend, according to the indicator analysis.

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) is a neutral signal.

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

The bottom line: the calculation of a weekly candle from October 16 to October 21 showed that on Monday there will be an upward trend, but the price movement will determine the daily schedule, according to the technical analysis.

Calculation of the second shadow of the week (Friday).

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

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.

Fig. 2 (weekly chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - up;

- monthly graph - up.

Conclusion on the complex.

The total result of the GBP / USD currency pair candlestick calculation according to the weekly chart candle and the presence of the upper shadow. The next target will be at 1.3633.