FX.co ★ Indicator analysis. The daily review of EUR / USD and GBP / USD for January 15, 2018

On Monday, the release of the strong calendar is not expected. Hence, the market will work on technical analysis. It will be a day off in the US which will cause narrow trading until the afternoon.

EUR / USD pair

Trend analysis (Figure 1).

On Friday, the price moved up because of strong news and closed above the 50% recoil level. On Monday, the market could go 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 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.

Histogram of the MACD indicator.

Histogram - columns of black color.

The result of the histogram of the MACD indicator is a downward trend.

The grand total: the MACD indicator on the daily chart gives a downward trend.

Middle lines of the EMA.

The daily chart uses the following midlines.

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 (the first shadow and trend).

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

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

At the last run 8, the middle EMA line (blue) moved up, is above the 13th EMA midline (yellow) - the signal of the top trend.

21, the middle EMA line, moving upwards, is below the 13th EMA midline, amplifying the signals of the top trend.

The bottom line: the EMA middle line system on the daily chart gives an upward trend.

The probability distribution of the indicators is as follows:

the average EMA lines are 24% up;

the MACD indicator (linear part) - 38% down;

the MACD indicator (histogram) is 38% down.

The result of the indicator analysis: the price will have a downward trend.

Fig. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - neutral;

- volumes - down;

- candle analysis - down;

- trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

On Monday, the market will most likely move down, with the first target at 1.2167.

GBP / USD pair

On Friday, the price is being worked up because of strong news. On Monday, the market is likely to move down. The first stop is possible at 1.3640 (the retracement level is 14.6%). 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) moved upward, and the slow line (indicator period 8 - blue) moved down. In this case, the trend should be determined by 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).

At the last day's 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.

The result of the indicator analysis: the price will have a downward trend.

Fig. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - neutral;

- volumes - down;

- candle analysis - neutral;

- trend analysis - up;

- Bollinger lines - up;

- Weekly schedule - up.

General conclusion:

On Monday, the GBP / USD pair may move down with the first target at 1.3540 (the retracement level is 14.6%).