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FX.co ★ Indicator analysis. Daily review for August 11, 2017 for pairs EUR/USD and GBP/USD

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Forex Analysis:::2017-08-11T06:03:52

Indicator analysis. Daily review for August 11, 2017 for pairs EUR/USD and GBP/USD

EUR / USD pair

Trend analysis (Figure 1).

On Thursday, the price moved in the side channel.

Indicator analysis. Daily review for August 11, 2017 for pairs EUR/USD and GBP/USD

Fig.

Indicator analysis on the daily schedule (Figure 2).

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

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

The system of RSI indicators (Fig.2).

When working with the daily chart, the ones are the ones used in the RSI indicator system: 21 (brown), 8 (blue), 13 (yellow), 5 (red).

At the last day's close candle.

RSI (5) on properties lead downwards.

Calculation of the indicator RSI (8) by properties yields down.

The bottom line: the RSI indicator system.

CCI on the properties lead downwards.

The bottom line: the CCI indicator system.

The result of the indicator analysis: the price will take a downward trend.

Indicator analysis. Daily review for August 11, 2017 for pairs EUR/USD and GBP/USD

Fig.

Complex analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candle analysis - neutral;

- trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

GBP / USD Pair

Trend analysis (Figure 1).

On Thursday, the price moved down to the side channel.

Indicator analysis. Daily review for August 11, 2017 for pairs EUR/USD and GBP/USD

Fig.

Indicator analysis on the daily 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).

MACD Indicator (period 5/8/13).

The linear part of the MACD indicator.

Fast line (signal) - a line of white color.

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

The result of the MACD indicator is a downward trend.

MACD Histogram indicator.

Histogram - columns of black color.

The result of the MACD histogram indicator is a downward trend.

Overall: the MACD indicator on the daily chart.

Middle lines of the EMA.

On the daily chart.

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

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

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

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

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

At the last run 8, the middle EMA line (blue) moved down which is below the 13th EMA midline (yellow) - the signal of the bottom work.

21 the middle EMA line is moving down which is below the 13th EMA midline.

The bottom line: the EMA middle line system on the daily chart gives a downward trend.

The probability distribution of the indicators is as follows:

The average EMA lines are 24% down;

MACD indicator (linear part) - 38% down;

The MACD indicator (histogram) is 38% down.

The result of the indicator analysis: the price will have a downward trend.

Indicator analysis. Daily review for August 11, 2017 for pairs EUR/USD and GBP/USD

Fig. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - up;

- volumes - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

On Friday, the GBP/USD pair will trail the downward trend towards the level of 1.2940.

Analyst InstaForex
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