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FX.co ★ Indicator analysis. Daily review of currency pairs EUR / USD and GBP / USD for July 18, 2017

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Forex Analysis:::2017-07-18T07:02:36

Indicator analysis. Daily review of currency pairs EUR / USD and GBP / USD for July 18, 2017

EUR / USD pair

Trend analysis (Figure 1)

On Monday, the price moved in the side channel. On Tuesday, most likely, there will be an upward movement with the goal of the upper fractal pullback level of 1.1622 (red dotted line). Complex analysis will more accurately tell where the price will go.

Indicator analysis. Daily review of currency pairs EUR / USD and GBP / USD for July 18, 2017

Fig. 1 (daily chart).

Indicator analysis on the daily chart (Figure 2).

The system of ADX indicators (Figure 2).

On the last run, the fast line (indicator period 5 - white) and the slow line (indicator period 8 - blue) moved upward. 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) is the white line

The slow line (main line) is the blue line.

The result for the linear part of the MACD indicator is an upward trend.

Histogram of the MACD indicator.

Histogram - columns of black color.

The result of the histogram of the MACD indicator is an upward trend.

The overall result: The MACD indicator on the daily chart gives an upward trend.

Middle lines of the EMA.

On the daily chart, the following average lines are used.

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

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

8 middle line of the EMA - the color is blue (first shadow and trend).

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

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

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

21 middle line of the EMA is moving up, and below the 13 middle line of the EMA is amplifying the signals of the upper work.

The bottom line: The EMA middle line system on the daily chart gives an upward trend.

The probability distribution of the indicators is as follows:

The average EMA lines are 24% up;

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

The MACD indicator (histogram) is 38% up.

The result of the indicator analysis: The price will have an upward trend.

Indicator analysis. Daily review of currency pairs EUR / USD and GBP / USD for July 18, 2017

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - neutral;

- Volumes - upwards;

- Candle analysis - neutral;

- Trend analysis - neutral;

- Bollinger lines - neutral;

- Weekly chart - down.

General conclusion.

On Tuesday, most likely, there will be an upper movement for the pair EUR / USD with the first target of 1.1622.

GBP / USD pair

Trend analysis (Figure 1).

On Monday, the price was moving down. On Tuesday, most likely, there will be an upper movement with the first goal of a recoil of the Fibonacci level of 38.2% - 1.3137 (yellow dotted line). Complex analysis will accurately tell where the price will go.

Indicator analysis. Daily review of currency pairs EUR / USD and GBP / USD for July 18, 2017

Fig. 1 (daily chart).

Indicator analysis on the daily chart (Figure 2).

The system of ADX indicators (Figure 2).

On the last run, the fast line (indicator period 5 - white) and the slow line (indicator period 8 - blue) moved upward. 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.

Fast line (signal) is the white line.

Slow line (main line) is the blue line.

The result for the linear part of the MACD indicator is an upward trend.

Histogram of the MACD indicator.

Histogram - columns of black color.

The result of the histogram of the MACD indicator is an upward trend.

The overall result: The MACD indicator on the daily chart gives an upward trend.

Middle lines of the EMA.

On the daily chart, the following average lines are used.

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

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

8 middle line of the EMA - the color is blue (first shadow and trend).

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

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

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

21 middle line of the EMA is moving up, and below the 13 middle line of the EMA is amplifying the signals of the upper work.

The bottom line: The EMA middle line system on the daily chart gives an upward trend.

The probability distribution of the indicators are as follows:

The average EMA lines are 24% up;

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

The MACD indicator (histogram) is 38% up.

The result of the indicator analysis: The price will have an upward trend.

Indicator analysis. Daily review of currency pairs EUR / USD and GBP / USD for July 18, 2017

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - upwards;

- Candle analysis - down;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly chart - up.

General conclusion.

On Tuesday, the pair GBP / USD will have an upward trend with the first goal of the recoil of the Fibonacci level of 38.2% -1.3137.

Analyst InstaForex
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