FX.co ★ Indicator analysis. Weekly review from 5 to 9 February 2018 on pairs EUR / USD and GBP / USD

For the pair EUR / USD, the monthly trend is descending. After reaching the resistance line of 1.2539 the probability of continuing the upper work is 30x70. The level from which downward movement is possible, 1.2485 (white solid line).

For the pair GBP / USD, the monthly trend is up. But after breaking through the resistance line of 1.3939 and testing the level of 23.6% (red dotted line), it is possible to continue moving upwards. The first upper target is 1.4344, the upper fractal. The lower target, from which the price should go up is 1.4060, the support line (white thick line)

EUR / USD pair

Trend analysis (Figure 1).

Last week, the news had a lateral upward trend but after testing the resistance line (white thick line) for the second time, it is possible to reverse downward. The first lower target of 1.2307 is the slope level of 23.6% (celestial dotted line). Where the price will go, more precisely, a complex analysis will show.

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. But the fast line has a value of more than 90%. In this case, the trend should be determined by trend type indicators.

Indicator MACD (period 5/8/13).

The linear part of the MACD indicator.

The fast line (signal) is the white line.

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 a downward trend (100 points down).

Overall: The MACD indicator on the weekly chart gives a neutral trend.

The middle lines of the EMA.

On the weekly chart, the following midlines are used.

1 middle line of the EMA - the color is white (first shadow).

5 middle line of the EMA - the color is red (the first shadow).

8 middle line of the EMA - the color is blue (trend of the week).

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

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

At the last run, the 8 middle line of the EMA (blue) is moving up and above the 13 middle line of the EMA (yellow), which also moved up, is the signal of the upper work.

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

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

The probability distribution of the indicators is as follows:

- The average EMA lines - 24% up;

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

- The MACD indicator (histogram) - 38% down.

The overall result on technical analysis: The price on the weekly chart should have a weak upward trend.

The calculation of the first shadow of the week (Monday) on a weekly chart.

The middle lines of the EMA 1/5/8 is 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: The 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.

The calculation of the second shadow of the week (Friday).

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

The 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 on Friday, the price may have a downward trend, which should be confirmed by the daily chart.

Fig. 2 (weekly chart).

Complex analysis:

- Indicator analysis - weak up;

- Fibonacci levels - down (celestial dotted lines);

- Volumes - down;

- Candle analysis - down;

- Trend analysis - down;

- Bollinger lines - down;

- Monthly chart - down.

Conclusion on complex analysis - down.

The total result of the calculation of the candle currency pair EUR / USD on a weekly chart: The price of the week is likely to have a downward trend with the presence of the first upper shadow of the weekly black candle and the absence of the second lower shadow. The first target is the recession level of 23.6% (1.2309).

Pair GBP / USD

Trend analysis (Figure 1).

The news for past week had a lateral trend. Next week, most likely, there will 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 indicators ADX (Figure 2).

On the last run, the fast line (indicator period 5 - white) and the slow line (indicator period 8 - blue) moved upward, but the fast line has a value of more than 90%. In this case, the trend should be determined from the indicators of the oscillator type.

The stochastic indicator (period 3/3/4) on the weekly 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).

On the last closed candle.

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 overall result according to the indicator analysis: The price on the weekly chart should have a downward trend.

The calculation of the first shadow of the week (Monday) on a weekly chart.

The middle lines EMA 1/5/8 is 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.

The calculation of the system indicators RSI for the first tail is down.

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

The 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).

The result: The calculation of the last day of the week on technical analysis showed that on Friday, the price may have a downward trend, 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 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. With the first goal, the target is 1.4036.