The monthly trend for the EUR / USD pair is upward. The first upper target is 1.2169, from which the downward movement is possible and the rollback level of 50.0% on the monthly chart.
The monthly trend for the GBP / USD pair is upward. The upper target is 1.3940 from which a downward movement is possible in the resistance line on the monthly chart. The first upper target is 1.3655 at the upper fractal.
EUR / USD pair
Trend analysis (Figure 1).
The past week had an upward trend. While the price may continue to move up to the upper fractal 1.2092 next week, with a possible downward movement. The complex analysis will more accurately determine the price direction.
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 MASD is an upward trend (100 points up).
Histogram of the MASD indicator.
Histogram - columns of black color.
The result for the linear part of the MACD indicator is an upward trend (100 points up).
The overall total of the MACD indicator on the weekly chart shows 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) moves up, positioned above the 13th EMA midline (yellow), which also moved up - the signal is up.
At the last run 13, the middle EMA line (yellow) moves up, positioned above the 21 middle line of the EMA (black), which moved upward -and strengthens the signal of the upper work.
The bottom line of the EMA mid-line system based on the weekly chart shows 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% up.
The overall result of the technical analysis indicates that 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 "three lines" indicator (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) on the last run is a neutral signal.
Calculation of the RSI indicator system for the first tail is the bottom signal.
Result: the calculation of a weekly candle for indicator analysis showed that on Tuesday (on Monday off) the price may have a downward trend, which should be confirmed by the daily chart.
Calculation of the second shadow of the week (Friday).
Calculation of the linear part of the MACD showed a downward trend (100 points up).
The calculation of the MACD histogram showed a downward trend (100 points up).
The bottom line: the calculation on Friday according to technical analysis showed that 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 (blue dotted lines);
- volumes - down;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - up;
- monthly graph - up.
Conclusion on complex analysis is moving up.
The overall result of the calculation of the candle currency pair EUR / USD on a weekly chart shows the weekly price is likely to have an upward trend, with the presence of the first lower shadow of the weekly white candle and the absence of a second upper shadow. The first target is 1.2092 (the upper fractal), which is possible to roll back down eventually.
GBP / USD Pair
Trend analysis (Figure 1).
The past week had an upward trend. While the downward trend will most likely to continue next week. The comprehensive analysis would likely determine the level of probability for this scenario.
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) moved down, 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 MACD indicator is a downward trend (100 points down).
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).
Overall: the MACD indicator on the weekly 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 up, positioned above the 13th EMA midline (yellow), which also moved up - the signal is up.
At the last run 13, the middle EMA line (yellow) moves up, positioned above the 21 middle line of the EMA (black), which moved upward - strengthening the signal of the upper work.
The bottom line of the EMA mid-line system based on the weekly chart shows an upward signal.
The probability distribution of the indicators are as follows:
- average EMA lines - 24% up;
- MACD indicator (linear part) - 38% down;
- MACD indicator (histogram) - 38% up.
The result of technical analysis indicates 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 "three lines" indicator (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) on the last run is a neutral signal.
Calculation of the RSI indicator system for the first tail is the bottom signal.
The bottom line: the calculation of the weekly candle on the indicator analysis showed that on Tuesday (on Monday off) the price may have a downward trend, which should be confirmed by the daily chart.
Calculation of the second shadow of the week (Friday).
The calculation for the MACD linear part showed a downward trend (100 points down).
Calculation of the MACD histogram showed an upward trend (100 points up).
Result: the calculation on Friday for technical analysis showed that the price should be determined by the daily schedule.
Fig. 2 (weekly chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - down;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- monthly graph - up.
Conclusion on the complex analysis is an upward movement.
The overall result of the GBP / USD currency pair candlestick calculation by the weekly chart shows the weekly price would likely to have an upward trend with the presence of the first lower shadow of the weekly white candle and the absence of the second upper shadow with the target of target 1.3655.
* The presented market analysis is informative and does not constitute a guide to the transaction.
