For the EUR / USD pair, the monthly trend is upward. The first target is the upper fractal at 1.2092.
For the GBP / USD pair, the monthly trend is upward. The first target is the upper fractal at 1.3655.
EUR / USD pair
Trend analysis (Figure 1)
There is an upward trend in the past week. Next week, the price may begin to reverse the downward after reaching the Fibonacci level 1.1963. A more complex analysis will determine more accurately where the price will go next.
Fig. 1 (weekly chart).
Indicator analysis on the weekly 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 up. In this case, the trend should be determined by 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 indicator MACD is an upward trend (100 points up).
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is an upward trend (100 points up).
The grand total: the MACD indicator on the weekly chart gives an upward trend.
Middle lines of the EMA.
On the weekly chart, the following midlines are used.
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 (trend of the week).
13 the middle line of the EMA - the color is yellow (the trend of the week).
21 middle EMA line - brown color (trend of the week).
At the last run 8, the middle EMA line (blue) moved up that is above the 13th EMA midline (yellow), which also moved up since the signal is directed upward.
At the last run 13, the middle EMA line (yellow) moved up that is above the 21 middle line of the EMA (black), which moved upward which signals gain in the upper channel.
The bottom line: the EMA mid-line system on the weekly chart gives an upward signal.
The probability distribution of the indicators is as follows:
- average EMA lines - 24% up;
- MACD indicator (linear part) - 38% up;
- MACD indicator (histogram) - 38% up.
The overall technical analysis: the price on the weekly chart should have an upward trend.
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 indicator lines CCI (5), RSI (5), stochastic with a period of 3/3/4) on the last run is the upper signal.
The calculation of the RSI indicator system for the first tail is the upper signal.
The bottom line: a weekly candlestick calculation for indicator analysis showed that the price movement on Monday should be ascending, but the final answer will depend entirely on the daily chart.
Calculation of the second shadow of the week (Friday).
The calculation for the MACD linear part - gave an upward trend (100 points up).
Calculation of the MACD histogram - gave an upward trend (100 points up).
The bottom line: the calculation of the last day of the week on technical analysis showed that on Friday the price may have an upward trend, which should be confirmed by the daily chart.
Fig. 2 (weekly chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up (yellow dotted lines);
- volumes - down;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- monthly graph - up.
Conclusion on complex analysis - down.
The total result of the calculation of the candle for the EUR/USD currency pair on a weekly chart: the price of the week is likely to have a downward trend with the presence of the first upper shadow of the weekly black candle and the presence of the second lower shadow. The lower target is 1.1763.
GBP / USD pair
Trend analysis (Figure 1).
The past week had a general upward trend. The price after reaching the support line at 1.3113, shown in a white thick line, went up. Next week, there will most likely be a continuation of the upward trend. How much is the probability of this scenario will likely be known through a comprehensive analysis.
Fig. 1 (weekly chart).
Indicator analysis on the weekly schedule (Figure 2).
The system of ADX indicators (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 by 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 an upward trend (100 points up).
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is an upward trend (100 points up).
The grand total: the MACD indicator on the weekly chart gives an upward trend.
Middle lines of the EMA.
On the weekly chart, the following midlines are used.
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 (trend of the week).
13 the middle line of the EMA - the color is yellow (the trend of the week).
21 middle EMA line - brown color (trend of the week).
At the last run 8, the middle EMA line (blue), moved up that is above the 13th EMA midline (yellow), which also moved up since the signal is directed upward.
At the last run 13, the middle EMA line (yellow), moving up, is above the 21 middle line of the EMA (black), which moved upward as it signals gain in the upper channel.
The bottom line: the EMA mid-line system on the weekly chart gives an upward signal.
The probability distribution of the indicators is as follows:
- average EMA lines - 24% up;
- MACD indicator (linear part) - 38% up;
- MACD indicator (histogram) - 38% up.
The total: on technical analysis: the price on the weekly chart should have an upward trend.
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) is the upper signal.
The calculation of the RSI indicator system for the first tail is the upper signal.
Result: the calculation of the weekly candle on technical analysis showed that on Monday there will be an upper trend, but the price movement will determine the daily schedule.
Calculation of the second shadow of the week (Friday).
The calculation for the MASD linear part - gave an upward trend (100 points up).
Calculation of the MACD histogram - gave an upward trend (100 points up).
The bottom line: the calculation of the last day of the week on technical analysis showed that there will be an upper trend on Friday. However, the price movement will determine the daily schedule.
Fig. 2 (weekly chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- monthly graph - up.
Conclusion on the complex analysis is an upward movement.
The total result in calculating the candle of the GBP / USD currency pair on a weekly chart: the price for the week is likely to have an upward trend with the absence of the first lower shadow of a weekly white candle and the absence of a second upper shadow. The first target is 1.3416.
