EUR / USD pair
Trend analysis (Figure 1).
On Tuesday, the price moved up due to the technical analysis. On Wednesday, the market will continue to move up. A complex analysis will more accurately determine where the price will go next.
Fig.
Indicator analysis on the daily schedule (Figure 2).
The system of ADX indicators (Figure 2).
On the last run, the fast line (indicator 5 - white) and the slow line (indicator period 8 - blue) moved upwards. In this case, the trend should be determined by the trend type indicators.
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 for the linear part of the MACD indicator is a downward trend.
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is a downward trend.
Overall, the MACD indicator on the daily chart gives a downward trend.
Middle lines of the EMA.
The daily chart uses the following midlines.
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 the 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 up that is above the 13th EMA midline (yellow) which signals the top trend.
21, the middle EMA line, moved up below the 13th EMA midline that amplifies the signals of the upper channel.
Overall, 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) decreased by 38%;
The MACD indicator (histogram) is 38% down.
The result of the indicator analysis: the price will have a downward trend.
Fig.
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Wednesday, the EUR / USD pair will most likely move in the upper channel with the target of 1.1980.
GBP / USD pair
Trend analysis (Figure 1).
On Tuesday, the price moved up but this happened mainly because of the news and the technical analysis. On Wednesday, there must be a movement in the upper region based in the technical analysis. Complex analysis will more accurately determined where the price will go next.
Fig.
Indicator analysis on the daily schedule (Figure 2).
The system of ADX indicators (Figure 2).
On the last run, the fast line (indicator 5 - white) and the slow line (indicator period 8 - blue) moved upwards.
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 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 MACD histogram indicator moves in an upward trend.
Overall, the MACD indicator gives an upward trend on the daily chart.
Middle lines of the EMA.
The daily chart uses the following midlines.
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 the 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 up that is above the 13th EMA midline (yellow) which signals the top trend.
21, the middle EMA line moving up is above the 13th EMA midline, weakening the signals of the upper channel.
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) increased by 38%;
The MACD indicator (histogram) is 38% higher.
The result of the indicator analysis: the price will have an upward trend.
Fig.
Complex analysis:
- indicator analysis - up;
- Fibonacci levels - up;
- volumes - down;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Wednesday, the GBP / USD pair may move upward. The first target is 1.3078.
