FX.co ★ Indicator analysis. Daily review for October 16, 2017 for EUR / USD and GBP / USD currency pairs

On Monday, strong calendar news is not expected and the market is likely based it on the technical analysis.

The EUR / USD pair

Trend analysis (Figure 1).

On Friday, the market went down after the resistance line was achieved once again. On Monday, the market may continue to move down. 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 5 - white) and the slow line (indicator period 8 - blue) moved up. 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 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 RSI indicator (5) gives a downward trend.

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

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

The property calculation of the CCI indicator on the properties 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 (yellow dotted line);

- volumes - down;

- candle analysis - down;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - up.

General conclusion.

On Monday, the market may continue to move down. The first target is 1.1799.

GBP / USD pair

Trend analysis (Figure 1).

On Friday, the market went down after reaching the pullback level of 50.0% (yellow dotted line), but again, the news drove the price up. On Monday, the price may continue to move up. A complex analysis will more accurately tell 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 5 - white) moved upward, 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 daily 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 RSI indicator (5) gives a downward trend.

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

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

The property calculation of the CCI indicator CCI 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 - up;

- Weekly schedule - up.

General conclusion.

On Monday, the GBP / USD pair may move down.