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FX.co ★ Indicator analysis. A Day View in pairs EUR / USD and GBP / USD on July 11, 2017

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Forex Analysis:::2017-07-11T10:55:50

Indicator analysis. A Day View in pairs EUR / USD and GBP / USD on July 11, 2017

The EUR / USD

Trend analysis (Fig. 1)

Indicator analysis. A Day View in pairs EUR / USD and GBP / USD on July 11, 2017

Fig.

Indicator analysis on the daily chart (Fig. 2).

ADX indicator system (Fig. 2).

In the last run, the fast line (period indicator 5 - white) and slow line (light period of 8 - blue) moved down. The trend should be determined from the indicators of the oscillator type.

Stochastic indicator (period 3/3/4) on the daily chart indicates an uptrend (Figure 2).

RSI indicator system (Fig. 2).

When working with a day graph, the following periods used in the system of RSI indicators are 21 (brown), 8 (blue), 13 (yellow), 5 (red).

On the last day, the candle closed down.

Calculation of the RSI indicator (5) signifies the decline of the properties.

Calculation of the RSI indicator (8) signifies the decline of the properties.

Outcome: RSI indicator system provides a downward trend.

Calculation of the CCI indicator signifies the decline of the properties.

Outcome: CCI indicator system provides a downward trend.

Outcome of indicator analysis: the price will be a downward trend.

Indicator analysis. A Day View in pairs EUR / USD and GBP / USD on July 11, 2017

Fig.

Complex analysis:

- Indicator analysis - down;

- Fibonacci - downward;

- Volume - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger line - neutral;

- the weekly chart - down.

General conclusion.

On Tuesday, most likely, the pair EUR / USD lower movement with the first target 1.1278.

GBP / USD pair

Trend analysis (Fig. 1)

On Monday, the price moved sideways in the channel.

Indicator analysis. A Day View in pairs EUR / USD and GBP / USD on July 11, 2017

Fig.

Indicator analysis on the daily chart (Fig. 2).

ADX indicator system (Fig. 2).

In the last run, the fast line (period indicator 5 - white) and slow line (light period of 8 - blue) moved down.

Stochastic indicator (period 3/3/4) on the daily chart shows a downward trend (Figure 2).

RSI indicator system (Fig. 2).

When working with a day graph, the following periods used in the system of RSI indicators are 21 (brown), 8 (blue), 13 (yellow), 5 (red).

On the last day, the candle closed down.

Calculation of the RSI indicator (5) signifies the decline of the properties.

Calculation of the RSI indicator (8) signifies the decline of the properties.

Outcome: RSI indicator system provides a downward trend.

Calculation of the CCI indicator signifies the decline of the properties.

Outcome: CCI indicator system provides a downward trend.

Outcome of indicator analysis: the price will be a downward trend.

Indicator analysis. A Day View in pairs EUR / USD and GBP / USD on July 11, 2017

Fig.

Complex analysis:

- Indicator analysis - down;

- Fibonacci - downward;

- Volume - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger line - downward;

- the weekly chart - down.

General conclusion.

On Tuesday, the GBP / USD pair trend will be downward with the first target at 1.2795 level.

Analyst InstaForex
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