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FX.co ★ Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for October 10, 2017

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Forex Analysis:::2017-10-10T08:11:59

Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for October 10, 2017

Pair EUR / USD

Trend analysis (Figure 1)

On Monday, the market moved up. On Tuesday, the market can continue to move up. 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 October 10, 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 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 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.

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 October 10, 2017

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - upwards;

- Candle analysis - neutral;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Tuesday, the market may continue to move up. The first goal is 1.1833.

Pair GBP / USD

Trend Analysis (Figure 1)

On Monday, the market moved up, breaking off the support line at 1.3026. On Tuesday, the price will continue to move up. 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 October 10, 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 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 daily 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.

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 October 10, 2017

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - down;

- Fibonacci levels - up;

- Volumes - upwards;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Tuesday, on the GBP / USD pair, it is possible to move up with the first target of 1.3074.

Analyst InstaForex
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