FX.co ★ Indicator analysis. Weekly review for the currency pairs EUR / USD and GBP / USD from February 19 to 23, 2018

For the pair EUR / USD, the monthly trend is descending. After reaching the resistance line of 1.2539, the probability of lower work is 70x30. The first target at the downward movement is 1.2163, the retracement level is 38.2% (blue dotted line).

For the pair GBP / USD, the monthly trend is descending. After being beaten off the resistance line (white thick line), it is possible that the movement continues downward. The first lower target is 1.3688, 50% recoil level.

EUR / USD pair

Trend analysis (Figure 1).

The past week had an upward trend. The coming week, most likely, will continue to move down. The first lower target of 1.2163 is the retracement level of 38.2% (the blue dashed line). 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 down. 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 of the EMA 1/5/8 is 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 is a neutral signal.

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

The bottom line: The 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.

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 (blue dotted line);

- 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 the 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 absence of the second lower shadow. The first target is a retracement level of 38.2% (1.2163).

Pair GBP / USD

Trend analysis (Figure 1).

The past week had an upward trend. Next week, most likely, there will be a downward trend, with the first target of 1.3844 (38.2% recoil level). 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 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.

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 of the EMA 1/5/8 is 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 is a neutral signal.

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

The bottom line: The 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.

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 chart - down.

Conclusion on complex analysis is a downward movement.

The total result of calculating the candle of the GBP / USD currency pair on the 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 of 1.3844 is a 38.2% recoil level (blue dotted line).