EUR / USD pair
Trend analysis (Figure 1)
Last week, the news had a downward trend. The price tested the Fibonacci retracement level of 23.6% 1.1680 (the red dotted line) but closed higher. Next week, it's possible to continue moving down. Where the price goes, more complex analysis will show more accurately.
Fig. 1 (weekly chart).
Indicator analysis on the weekly schedule (Figure 2).
The system of indicators ADX (Figure 2).
At the last run, the fast line (indicator 5 - white) moved upward, 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 weekly chart gives an upward trend (Fig. 2).
The system of indicators RSI (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).
Closed candle at the last day.
The calculation of the indicator RSI (5) on the properties gives down.
The calculation of the indicator RSI (8) by properties gives down.
The bottom line: The RSI indicator system gives a downward trend.
The calculation of the indicator CCI on the properties gives up.
The bottom line: the CCI indicator system gives an upward trend.
A summary of the indicator analysis: The price on the weekly chart should have an upward trend.
The calculation of the first shadow of the week (Monday) on a weekly chart. Middle lines EMA 1/5/8 - the upper signal.
The indicator "three lines" (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) - the bottom signal.
The calculation of the RSI indicator system for the first tail is the bottom signal.
The bottom line: The calculation of the weekly candle from 9 to 14 October on indicator analysis showed that the price movement on Monday should be downward but the final answer depends entirely on the daily chart.
The calculation of the second shadow of the week (Friday).
The calculation for the MACD linear part gave a downward trend (100 points down).
The calculation of the MACD histogram gave a downward trend (100 points down).
The result: The calculation of the last day of the week on technical analysis showed that on Friday the price may have a downward trend, which should be confirmed by the daily chart.
Fig. 2 (weekly chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - upwards;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger lines - neutral;
- Monthly chart - down.
Conclusion on complex analysis - up.
The total result of the calculation of the candle currency pair EUR / USD on the weekly chart: The price of the week is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle and the presence of a second upper shadow.
Pair GBP / USD
Trend Analysis (Figure 1)
Last week, the news had a downward trend. Next week, most likely, there will be an upward trend. The probability of breaking through the area consisting of the support line and the pullback level of 38.2% of 1.3020 is very low. How much the probability of this scenario is likely will be shown by a comprehensive analysis.
Fig. 1 (weekly chart).
Indicator analysis on the weekly schedule (Figure 2).
The system of indicators ADX (Figure 2).
On the last run, the fast line (indicator 5 - white) and the slow line (indicator period 8 - blue) moved up. In this case, the trend should be determined from the indicators of the oscillator type.
The stochastic indicator (period 3/3/4) on the weekly chart gives an upward trend (Fig. 2).
The system of indicators RSI (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).
Closed candle at the last day.
The calculation of the indicator RSI (5) on properties gives up.
The calculation of the indicator RSI (8) by properties gives up.
The bottom line: The RSI indicator system gives an upward trend.
The calculation of the indicator CCI on the properties gives up.
The bottom line: The CCI indicator system gives an upward trend.
A summary of the indicator analysis: The price on the weekly chart should have an upward trend.
The calculation of the first shadow of the week (Monday) on a weekly chart.
The middle lines of the EMA 1/5/8 are the lower signal. The indicator "three lines" (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) - the bottom signal.
The calculation of the RSI indicator system for the first tail is not needed.
Result: The calculation of the weekly candle from 9 to 14 October, according to technical analysis showed that on Monday there will be a lower tendency but the price movement will determine the daily schedule.
The calculation of the second shadow of the week (Friday).
The calculation for the MACD linear part gave a downward trend (100 points down).
The calculation of the MACD histogram gave a downward trend (100 points down).
The bottom line: The calculation of the last day of the week on technical analysis showed that on Friday there will be a lower trend but the price movement will determine the daily schedule.
Fig. 2 (weekly chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - upwards;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Monthly graph - up.
Conclusion on the complex analysis is an upward movement.
The total result of calculating the candle of the GBP / USD currency pair on the weekly chart: The price for the week is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle and the presence of the second upper shadow.
