EUR / USD pair.
Trend analysis (Figure 1).
On Thursday, after reaching the support line of 1.2261, the price began to move up, into a pullback. On Friday, it is possible to continue the lower movement, with the first target of 1.2233 and the pullback level of 14.6% (blue dotted line). The complex analysis will more accurately tell where the price will go.
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 by trend type indicators.
Indicator MACD (period 5/8/13).
The linear part of the MACD indicator.
The fast line (signal) is the white line.
The slow line (main line) is the blue line.
The result for the linear part of the MACD indicator is a downward trend.
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is a downward trend.
The overall result: The MACD indicator on the daily chart gives a downward trend.
The middle lines of the EMA.
The daily chart uses the following midlines.
1 middle line of the EMA - the color is white (first shadow).
5 middle line of the EMA - the color is red (the first shadow).
8 middle line of the EMA - the color is blue (the first shadow and trend).
13 middle line of the EMA - the color is yellow (trend).
21 middle line of the EMA - the color is brown (trend).
At the last run, the 8 middle line of the EMA (blue) moved down and below the 13 middle line of the EMA (yellow) is the signal of the bottom work.
The 21 middle line of the EMA is moving down and below the 13 middle line of the EMA is the attenuation of the lower work signals.
The bottom line: The EMA middle line system on the daily chart gives a downward trend.
The probability distribution of the indicators is as follows:
The average EMA lines are 24% down;
The indicator of the MACD (linear part) is 38% down,
The MACD indicator (histogram) is 38% down.
The result of the indicator analysis: The price will have a downward trend.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Friday, most likely, the market will continue the lower movement, with the first target of 1.2274 (support line).
Pair GBP / USD.
Trend analysis (Figure 1).
On Thursday, the price moved in the side channel. When moving down, after reaching a retracement level of 38.2%, the market went up, in a rollback. On Friday, the price can continue moving down. The complex analysis will more accurately tell where the price will go.
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 by trend type indicators.
Indicator MACD (period 5/8/13).
The linear part of the MACD indicator.
The fast line (signal) is the white line.
The slow line (main line) is the blue line.
The result for the linear part of the MACD indicator is a downward trend.
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is a downward trend.
The overall result: The MACD indicator on the daily chart gives a downward trend.
The middle lines of the EMA.
The daily chart uses the following midlines.
1 middle line of the EMA - the color is white (first shadow).
5 middle line of the EMA - the color is red (the first shadow).
8 middle line of the EMA - the color is blue (the first shadow and trend).
13 middle line of the EMA - the color is yellow (trend).
21 middle line of the EMA - the color is brown (trend).
At the last run, the 8 middle line of the EMA (blue) moved down and below the 13 middle line of the EMA (yellow) is the signal of the bottom work.
The 21 middle line of the EMA is moving down and below the 13 middle line of the EMA is the attenuation of the lower work signals.
The bottom line: The EMA middle line system on the daily chart gives a downward trend.
The probability distribution of the indicators is as follows:
The average EMA lines are 24% down;
The indicator of the MACD (linear part) is 38% down,
The MACD indicator (histogram) is 38% down.
The result of the indicator analysis: The price will have a downward trend.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion:
On Friday, the currency pair GBP / USD, may continue to move down, with the first target of 1.3843, the retracement level of 38.2%.
