FX.co ★ Indicator analysis. Weekly review from January 28 to February 3, 2018 for EUR / USD and GBP / USD pairs

For the EUR / USD pair, the monthly trend is upward. A downward movement is possible at a cloud consisting of the Fibonacci target level of 161.8% - 1.2427 (red dashed line) and the resistance line of 1.2539 (white solid line).

For the GBP / USD pair, the monthly trend is upward. But after testing the level of 23.6% (red dotted line), it is possible to reverse the downtrend. The first lower target is 1.3999 with the retracement level of 14.6% (yellow dotted line).

EUR / USD pair

Trend analysis (Figure 1)

In the previous week, there is an upward trend but after testing the level of 23.6% (red dotted line), it is possible to reverse the downward. The first lower target is 1.3999 with the retracement level of 14.6% (yellow dotted line). A more complex analysis will show more accurately determine where the price will go 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 up, But the fast line has a value of more than 90%. 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 gives an upward trend on the weekly chart.

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 and the signal is up.

At the last run 13, the middle EMA line (yellow), moved up above the 21 middle line of the EMA (black), which moved upward that 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 grand total: On the technical analysis, the price should have an upward trend on the weekly chart.

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 indicator lines CCI (5), RSI (5), stochastic with a period of 3/3/4) on the last run is the upper signal.

The calculation of the RSI indicator system for the first tail is the upper signal.

The bottom line: a weekly candlestick calculation for indicator analysis showed that on Monday the price may have an upward 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 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 the price may have an upward trend on Friday, which should be confirmed by the daily chart.

Fig. 2 (weekly chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down (red dotted lines);

- volumes - down;

- candle analysis - down;

- trend analysis - down;

- Bollinger lines - down;

- monthly chart - down.

Conclusion on complex analysis - down.

The total result in 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 black candle and the presence of the second lower shadow. The first target is the recession level of 23.6% (1.2309).

GBP / USD pair

Trend analysis (Figure 1).

The past week had an upward trend. Next week, there will most likely be a downward trend (a break from the resistance line). How much the probability of this scenario is likely will 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 from the indicators of the oscillator type.

Stochastic indicator (period 3/3/4) on the weekly 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).

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.

The grand total based on the indicator analysis: the price on the weekly chart should have a downward trend.

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 indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) on the last run - the lower signal.

Calculation of the system indicators RSI for the first tail - down.

The bottom line: a weekly candlestick calculation for indicator analysis showed that the price may have a downward trend on Monday, which should be confirmed by the daily chart (touching the resistance line).

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;

- volumes - down;

- candle analysis - down;

- trend analysis - down;

- Bollinger lines - down;

- monthly graph - up.

Conclusion on complex analysis is a downward movement.

The total result in 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 level is 1.3999.