FX.co ★ Indicator analysis. Weekly review from 4 to 9 December 2017 on EUR / USD and GBP / USD pairs

For the EUR / USD pair, the monthly trend is upward. The first target is 1.2092 in the upper fractal.

For the GBP / USD pair, the monthly trend is upward. The first target is 1.3655 in the upper fractal.

EUR / USD pair

Trend analysis (Figure 1).

There was a lateral trend in the past week. Next week, the price may continue to slide back down. Where the price goes, more complex analysis will show more accurately.

Fig. 1 (weekly chart).

Indicator analysis on the weekly schedule (Figure 2).

The system of indicators ADX (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 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 for the linear part of the MACD indicator is an upward trend (100 points up).

Histogram of the MACD indicator.

Histogram - columns of black color.

The result of the histogram of the MACD indicator is an upward trend (100 points up).

The grand total: the MACD indicator on the weekly chart gives an upward trend.

Middle lines of the EMA.

On the weekly chart, the following midlines are used.

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 (trend of the week).

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

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

At the last run 8, the middle EMA line (blue) moved up, is above the 13th EMA midline (yellow), which also moved up and the signal is up.

At the last run 13, the middle EMA line (yellow), moving up, is above the 21 middle line of the EMA (black), which moved upwards and signal gains of the upper channel

The bottom line: the EMA mid-line system on the weekly chart gives an upward signal.

The probability distribution of the indicators is as follows:

- average EMA lines - 24% up;

- MACD indicator (linear part) - 38% up;

- MACD indicator (histogram) - 38% up.

The total: the price on the weekly chart should have an upward trend, according to the technical 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 CCI indicators (5), RSI (5), stochastics with a period of 3/3/4) on the last run is a neutral signal.

Calculation of the RSI indicator system for the first tail is the bottom signal.

The bottom line: a weekly candlestick calculation for indicator analysis showed that the price movement on Monday will completely depend on the daily chart.

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

The calculation for the MACD linear part - gave an upward trend (100 points up).

Calculation of the MACD histogram - gave an upward trend (100 points up).

The bottom line: the calculation of the last day of the week showed that on Friday the price may have an upward trend on technical analysis, which should be confirmed by the daily chart.

Fig. 2 (weekly chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down (blue dotted lines);

- volumes - down;

- candle analysis - down;

- trend analysis - up;

- Bollinger lines - up;

- The monthly schedule is neutral.

Conclusion on complex analysis - up.

The total result of the calculation of the candle currency EUR / USD pair on a weekly chart: the price of the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle and the absence of the second upper shadow, with the first target 1.1961.

GBP / USD pair

Trend analysis (Figure 1).

The past week had a general upward trend. Next week, there will most likely be a continuation of the upward trend. How much probability of this scenario will 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).

At 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 by 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 for the linear part of the indicator MACD is an upward trend (100 points up).

Histogram of the MACD indicator.

Histogram - columns of black color.

The result of the histogram of the MACD indicator is an upward trend (100 points up).

The grand total: the MACD indicator on the weekly chart gives an upward trend.

Middle lines of the EMA.

On the weekly chart, the following midlines are used.

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 (trend of the week).

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

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

At the last run 8, the middle EMA line (blue) moved up that is above the 13th EMA midline (yellow), which also moved up that signals upward.

At the last run 13, the middle EMA line (yellow) moved up that is above the 21 middle line of the EMA (black), which moved upwards and the signal gain of the upper channel.

The bottom line: the EMA mid-line system on the weekly chart gives an upward signal.

The probability distribution of the indicators is as follows:

- average EMA lines - 24% up;

- MACD indicator (linear part) - 38% up;

- MACD indicator (histogram) - 38% up.

The total: the price on the weekly chart should have an upward trend on technical analysis.

Middle lines EMA 1/5/8 - the upper signal.

The indicator "three lines" (the direction of the lines of CCI indicators (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.

Result: the calculation of the weekly candle on technical analysis showed that on Monday there will be an upper trend, but the price movement will determine the daily schedule.

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

The calculation for the MACD linear part gave an upward trend (100 points up).

Calculation of the MACD histogram gave an upward trend (100 points up).

The bottom line: the calculation of the last day of the week on technical analysis showed that on Friday there will be an upper trend, but the price movement will determine the daily schedule.

Fig. 2 (weekly chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- volumes - upwards;

- candle analysis - down;

- trend analysis - up;

- Bollinger lines - up;

- monthly graph - up.

Conclusion on the complex analysis is an upward movement.

The total result of calculating the candle of the GBP / USD currency pair on a weekly chart: It is likely for the price for the week to have an upward trend with the absence of the first lower shadow of a weekly white candle and the absence of a second upper shadow. The first target is 1.3416.