FX.co ★ Indicator analysis. Weekly review from 11 to 16 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, the monthly trend is upward. The first target is 1.3655 in the upper fractal.

EUR / USD pair

Trend analysis (Figure 1)

In the past week, there is a downward trend. Next week, the price may continue to roll back down to support line 1.1717 which has the possibility to move upward. A more complex analysis will show more accurately where the price goes 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 an upward 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).

On the last closed candle.

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 gives a downward trend.

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

Overall trend: 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.

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

The indicator "three lines" (direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) on the last run is the bottom 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 on Monday the price may have a downward trend, which should be confirmed by the daily chart.

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 result: the calculation of the last day of the week on technical analysis showed that the price may have a downward trend on Friday, which should be confirmed by the daily chart.

Fig. 2 (weekly chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - down (blue dotted lines);

- volumes - down;

- candle analysis - down;

- trend analysis - up;

- Bollinger lines - up;

- monthly graph - up.

Conclusion on complex analysis - down.

The total result of calculating the candle of the EUR / USD currency pair on a weekly chart: the price of the week is likely to have a downward trend with the absence of the first upper shadow of the weekly white candle and the absence of a second upper shadow, with the first upward target of 1.1717 (resistance line).

GBP / USD pair

Trend analysis (Figure 1)

In the past week, there was a downward trend. Next week, most likely, there will 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).

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 a downward trend (100 points down).

Histogram of the MACD indicator.

Histogram - columns of black color.

The result of the histogram of the MACD indicator is a downward trend (100 points down).

Overall: the MACD indicator on the weekly chart gives a downward 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) moves upward, 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), moves upward is above the 21 middle line of the EMA (black), which moved upwards and signals gain of the upper work.

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% down;

- MACD indicator (histogram) - 38% down.

Overall: the price on the weekly chart should have a downward trend on the 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) - the bottom signal.

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

The bottom line: the calculation of the weekly candle on technical analysis showed that there will be a lower trend on Monday, 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 a downward trend (100 points down).

The 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 there will be a lower trend on Friday, but the price movement will determine the daily schedule.

Fig. 2 (weekly chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candle analysis - down;

- trend analysis - up;

- Bollinger lines - up;

- monthly graph - up.

Conclusion on the complex analysis is a downward movement.

The total result of calculating the candle of the GBP / USD currency pair on a weekly chart: the price for the week is likely to have a downward trend with the absence of the first upper shadow of the weekly black candle and the absence of the second lower shadow. The first target is 1.3351.