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

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Forex Analysis:::2017-08-18T06:43:29

Indicator analysis. Daily review for August 18, 2017 for pairs EUR/USD and GBP/USD

EUR / USD pair

Trend analysis (Figure 1).

On Thursday, the price based on news went down. On Friday, most likely, the down movement will continue. "Bears" will try to develop the down movement . Complex analysis will more accurately tell where the price will go.

Indicator analysis. Daily review for August 18, 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).

Indicator MACD (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 gives a downward trend.

Middle lines of the EMA.

On the daily chart.

1 middle EMA line - color white (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, above the 13th EMA midline (yellow) - the signal of the top work.

21 the middle EMA line, moving up, is below the 13th EMA midline, amplifying the signals of the top 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;

Indicator of the MACD (linear part) - 38% down;

The MACD indicator (histogram) is 38% down.

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

Indicator analysis. Daily review for August 18, 2017 for pairs EUR/USD and GBP/USD

Fig.

Complex analysis:

- Indicator analysis - down;

- Fibonacci levels - up;

- volumes - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Friday, the EUR / USD pair is the most likely to move higher until the afternoon at 1.1790 level.

Pair GBP / USD

Trend analysis (Figure 1).

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

Indicator analysis. Daily review for August 18, 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 5 - white) was moving down, and the slow line (indicator period 8 - blue) was moving upwards.

Stochastic indicator (period 3/3/4) on the daily chart gives an upward 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.

The calculation of the indicator RSI (5) on properties gives up.

The calculation of the indicator RSI (8) on the properties gives up.

The bottom line: the RSI indicator system.

CCI on the properties gives inward.

The bottom line: the CCI indicator system.

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

Indicator analysis. Daily review for August 18, 2017 for pairs EUR/USD and GBP/USD

Fig.

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- volumes - upwards;

- candle analysis - neutral;

- trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

On Friday, the GBP / USD pair will have a downward trend, with an initial target of 1.2776.

Analyst InstaForex
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