EUR / USD pair
Trend analysis (Figure 1)
In December, the market moved up and closed slightly below the upper fractal 1.12092. The price in January may continue to move up. The complex analysis will more accurately determine the price direction.
Fig. 1 (monthly chart)
Indicator analysis on the monthly schedule (Figure 2)
The system of ADX indicators (Figure 2) for the EUR / USD pair
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 by the oscillator type of indicators.
Stochastic indicator (period 5/3/8) on the monthly chart shows an upward 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).
At the last day's closed candle.
The calculation of the RSI indicator (5) on the properties moves down.
Calculation of the RSI indicator (8) by properties moves down.
The bottom line of the RSI indicator system shows a downward trend.
The calculation of the CCI indicator.
The bottom line of the CCI indicator system shows a downward trend.
The result of the indicator analysis shows that the price will have a downward trend.
Calculation of the first month of the month (the first week) on a monthly chart.
Middle lines EMA 1/5/8 - the upper signal.
The "three lines" indicator (the direction of the lines for indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) is a neutral signal.
Calculation of the RSI indicator system for the first tail is the bottom signal.
Result: the calculation of the monthly candle for the month of November based on technical analysis showed that the price movement in the first week of December will be determined by the weekly schedule.
Calculation of the second shadow of the month.
The calculation for the MACD linear part shows a downward trend (100 points down).
Calculation of the MACD histogram shows a downward trend (100 points down).
The bottom line: the calculation for the last week of December according to technical analysis showed the price will have a downward trend in the last week of the month, but finally a one-week schedule will answer this question definitively.
Fig. 2 (monthly chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
Conclusion on the complex analysis of the upper work.
The overall result of calculating the candle of the EUR / USD currency pair on a monthly chart indicates the price could possibly have a downward trend with the absence of the first upper shadow (the first week of the month - the lower one) for the monthly black candle and the absence of the second lower shadow (last week is black).
The first upper target is 1.2169 (the retracement level is 50.0%).
GBP / USD Pair
Trend analysis (Figure 1).
The market in December moved in the side channel. In January, the price would likely to continue moving up. The complex analysis will more accurately determine the price direction.
Fig. 1 (monthly chart).
Indicator analysis on the monthly schedule (Figure 2).
The system of ADX indicators (Figure 2) for the GBP / USD pair.
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 a downward trend (100 points down).
The overall total of the MACD indicator on the monthly chart shows a neutral 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) moves down, positioned above the 13th EMA midline (yellow), which moved upwards - the signal is up.
At the last run 13, the middle EMA line (yellow) moves up, positioned below the 21 middle line of the EMA (black) , which moved downwards - weakening the signal of the top work.The bottom line shows the EMA middle line system on the monthly chart indicates an upward signal.
The probability distribution of the indicators are as follows:
- average EMA lines - 24% up;
- MACD indicator (linear part) - 38% up;
- MACD indicator (histogram) - 38% down.
According to the indicator analysis, the overall total of the price on the monthly chart should have a weak upward trend.
Calculation of the first shadow of the month (the first week) on a monthly chart.
Middle lines EMA 1/5/8 - the upper signal.
The "three lines" indicator (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) is a neutral signal.
Calculation of the RSI indicator system for the first tail is the bottom signal.
Result: calculation of the monthly candle for the month of January on technical analysis showed that the price movement in the first week of September will lower down, but finally a one-week schedule will answer this question definitively.
Calculation of the second shadow of the month (last week) on the monthly schedule.
The calculation for the MACD linear part shows an upward trend (100 points up).
Calculation of the MACD histogram shows a downward trend (100 points down).
Result: the calculation for the last week of November according to technical analysis showed that the price will be determined by the weekly schedule.
Fig. 2 (monthly chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
Conclusion on complex analysis indicates a possible upward trend.
The GBP / USD pair on the monthly chart shows the price would likely to have an upward trend with the presence of the first lower shadow (the first week of the month is black) with a monthly white candle and no second upper shadow (last week is white).
The upper target is 1.3940.
* The presented market analysis is informative and does not constitute a guide to the transaction.
