For the EUR / USD pair, the monthly trend is upwards. The first upper target, which the downward movement is possible at 1.2169 further indicates a rollback to the level of 50.0% as shown in the monthly chart.
For the GBP / USD pair, the monthly trend is upwards. The upper target, which is possible to move down 1.3940 is the resistance line shown in the monthly chart. The first upper target is 1.3655 - the upper fractal.
EUR / USD pair
Trend analysis (Figure 1).
Last week had an upward trend, mainly because of the news. Next week, the price is expected to go back down to the first recoil level of 23.6% to 1.2037. The direction of price will precisely be determined by complex analysis.
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 MACD indicator shows 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).
Overall: 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 upwards - 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 upwards - the signal gain of the upper work.
The bottom line indicates the EMA midline system 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.
Overall: Based on 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 "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 indicates a weekly candlestick calculation for the indicator analysis, which showed that the price may have a downward trend on Monday. This should be confirmed by the daily chart.
Calculation of the second shadow of the week (Friday).
The calculation for the MACD linear part showed an upward trend (100 points up).
Calculation of the MACD histogram showed an upward trend (100 points up).
The bottom line: the calculation for the last day of the week on technical analysis showed that the price may have an upward trend on Friday, which should be confirmed by the daily chart.
Fig. 2 (weekly chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - down (red dotted lines);
- volumes - down;
- candle analysis - down;
- trend analysis - down;
- Bollinger lines - down;
- monthly graph - up.
Conclusion on complex analysis - down.
The overall result for the calculation of the candle currency pair EUR / USD on a weekly chart shows that the weekly price would likely have a downward trend without the first upper shadow of the weekly black candle but the second lower shadow is present. The initial target is the recession level of 23.6% (1.2064).
GBP / USD Pair
Trend analysis (Figure 1).
Last week had an upward trend. While there are expectations for the continuation of the upward trend next week. The probability of this scenario to happen will be shown by the comprehensive analysis.
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 the oscillator type indicators.
Stochastic indicator (period 3/3/4) on the weekly chart shows a downward 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).
On the last closed candle.
The calculation of the RSI indicator (5) on properties moves up.
Calculation of the RSI indicator (8) by properties moves up.
The bottom line indicates the RSI indicator system shows an upward trend.
The calculation of the CCI indicator on the properties moves down.
The bottom line indicates the CCI indicator system shows a downward trend.
Overall: According to the indicator analysis, the price on the weekly chart should have a downward 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 system of RSI indicators for the first tail moves upwards.
The bottom line: The weekly candlestick calculation for indicator analysis showed that the price may have an upward trend on Monday, 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 an upward trend (100 points up).
Calculation of the MACD histogram showed an upward trend (100 points up).
The bottom line: the calculation for the last day of the week on technical analysis showed that the price may have an upward trend on Friday, which should be confirmed by the daily chart.
Fig. 2 (weekly chart).
Complex analysis:
- indicator analysis - down;
- 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.
According to the weekly chart, the overall result of the GBP / USD currency pair candlestick calculation shows the weekly price would likely have an upward trend, with no first lower shadow in the weekly white candle and no second top shade for target 1.3942.
* The presented market analysis is informative and does not constitute a guide to the transaction.
