Main Quotes Calendar Forum
flag

FX.co ★ Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for September 4, 2017

parent
Forex Analysis:::2017-09-04T09:02:14

Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for September 4, 2017

EUR / USD pair

Trend analysis (Figure 1).

On Friday, the price, having worked up the news, began to move downward due to technical analysis. On Monday, the market will be narrow. The complex analysis will more accurately tell where the price will go.

Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for September 4, 2017

Fig. 1 (daily chart).

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) moved down. In this case, the trend should be determined from the indicators of the oscillator type.

The stochastic indicator (period 3/3/4) on the daily chart gives a downward 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).

The last closed daylight.

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

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

The bottom line: The RSI indicator system gives a downward trend.

The calculation of the CCI indicator on the properties gives down.

The bottom line: The CCI indicator system gives an upward trend.

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

Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for September 4, 2017

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candle analysis - down;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Monday, most likely, the pair EUR / USD will have an upward movement with the target of 1.1980.

Pair GBP / USD

Trend analysis (Figure 1).

On Friday, the price was due to the news moving in the side channel. On Monday, the technique should be the top movement. The complex analysis will more accurately tell where the price will go.

Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for September 4, 2017

Fig. 1 (daily chart).

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) moved down. In this case, the trend should be determined from the indicators of the oscillator type.

The stochastic indicator (period 3/3/4) on the daily chart gives a downward 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).

The last closed daylight.

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

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

The bottom line: The RSI indicator system gives an upward trend.

The calculation of the CCI indicator on the properties gives up.

The bottom line: The CCI indicator system gives an upward trend.

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

Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for September 4, 2017

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- Volumes - down;

- Candle analysis - neutral;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly schedule - up.

General conclusion.

On Monday, the pair GBP / USD may move upwards. The first target is 1.2977.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...