FX.co ★ Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for October 20, 2017

Pair EUR / USD

Trend Analysis (Figure 1)

On Thursday, the market moved up and tested the resistance line. On Friday, the market can fight off this line and start moving 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 an upward 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 properties gives up.

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

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

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

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 - down (blue dotted line);

- Volumes - down;

- Candlestick analysis - up;

- Trend analysis - neutral;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Friday, it is possible to move down. The first target is 1.1794 (50.0% recoil level is the blue dotted line).

Pair GBP / USD

Trend Analysis (Figure 1)

On Thursday, the market failed to break through the 38.2% retracement level (yellow dotted line) when moving upwards from the second attempt and went down. On Friday, 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 - up;

- Volumes - down;

- Candlestick analysis - up;

- Trend analysis - neutral;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

On Friday, the pair GBP / USD may move down to the support line of 1.3080, and then the top is possible.