FX.co ★ Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for October 17, 2017

On Tuesday, the following strong calendar news comes out:

- 09.30 London time. GBP, consumer price index (CPI) (y / y) (Sept), waiting for 3.0%, the previous value of 2.9%;

- 10.00 London time. EUR, ZEW economic sentiment index in Germany (Oct.), waiting for 20.0, the previous value is 17.0;

- 11.00 London time. EUR, consumer price index (CPI) (y / y) (Sept), waiting for 1.5%, the previous value of 1.5%;

- 11.15 London time. USD, the speech of the head of the Bank of England Karni.

Pair EUR / USD

Trend analysis (Figure 1)

On Monday, the market moved in the side channel. On Tuesday, the market may continue to move down, much will depend on the news. 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 down. In this case, the trend should be determined from the indicators of the oscillator type.

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

The system of indicators RSI (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).

Closed candle at the last day.

The calculation of the indicator RSI (5) on the properties gives down.

The calculation of the indicator RSI (8) by properties gives down.

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

The calculation of the indicator CCI on the properties gives down.

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;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

On Tuesday, the market may continue to move down. The first target is 1.1775 (50% recoil level is the yellow dotted line).

Pair GBP / USD

Trend Analysis (Figure 1)

On Monday, the market went down after reaching the pullback level of 50.0% (yellow dotted line). On Tuesday, the price may continue to move down. 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 down. In this case, the trend should be determined from the indicators of the oscillator type.

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

The system of indicators RSI (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).

Closed candle at the last day.

The calculation of the indicator RSI (5) on the properties gives down.

The calculation of the indicator RSI (8) by properties gives down.

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

The calculation of the indicator CCI on the properties gives down.

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 - upwards;

- Candle analysis - down;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

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