FX.co ★ Indicator analysis. Daily review of EUR / USD and GBP / USD pairs for February 27, 2018

On Tuesday, the following strong calendar news comes out:

- 12.30 London time. USD, basic orders for durable goods (m / m) (Jan.), The expected value is 0.4% compared to the previous value of 0.7%;

- 12.30 London time. USD, consumer confidence index CB (Feb), The expected value is 126.6 compared to the previous value of 125.4;

- 12.30 London time. USD, the speech of the head of the Fed, Mr. Powell.

EUR / USD pair

Trend analysis (Figure 1)

On Monday, the market moved in the side channel. The price went down after the re-testing of the upper fractal at 1.2353. On Tuesday, it is possible to continue the lower movement with a target of 1.2173 (a retracement level of 38.2%). 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 down. In this case, the trend should be determined from the indicators of the oscillator type.

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

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 CCI 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 - down;

- volumes - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

On Tuesday, the market will most likely move down, with the first target of 1.2261 (lower fractal).

GBP / USD pair

Trend analysis (Figure 1)

On Monday, the price moved in the side channel. On Tuesday, the market can continue to move down, with the first target 1.3856 in the bottom fractal. 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 from the indicators of the oscillator type.

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

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 - down;

- volumes - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion:

On Tuesday, it is possible for the GBP / USD pair to continue its downward movement with the first target of 1.3856 in the lower fractal.