Trend analysis (Figure 1)
The news of the past week had a lateral trend. Moving downwards, the price reached a cloud consisting of a recoil level of 38.2% (yellow dotted line) and the 13 middle line of the EMA (yellow solid line). As a result, there was a retreat from this cloud, and the price went up. The coming week, most likely, will continue to move down. The first lower target is 1.2150, the support line (white solid line). Where the price goes, more complex analysis will show more accurately.
Fig. 1 (weekly chart).
Indicator analysis on the weekly 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 down. In this case, the trend should be determined from the indicators of the oscillator type.
The stochastic indicator (period 3/3/4) on the weekly chart gives a downward trend (Fig. 2).
The system of indicators RSI (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 indicator RSI (5) on the properties gives down.
The calculation of the indicator RSI (8) by properties gives down.
The bottom line: The RSI indicator system gives a downward trend.
The calculation of the indicator CCI on the properties gives down.
The bottom line: The CCI indicator system gives a downward trend.
The overall result according to the indicator analysis: The price on the weekly chart should have a downward trend.
The calculation of the first shadow of the week (Monday) on a weekly chart.
The middle lines of the EMA 1/5/8 - the upper signal.
The indicator "three lines" (direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) on the last run is the bottom signal.
The calculation of the RSI indicator system for the first tail is the bottom signal.
The bottom line: The weekly candlestick calculation for indicator analysis showed that on Monday the price may have a downward trend, which should be confirmed by the daily chart.
The calculation of the second shadow of the week (Friday).
The calculation for the MACD linear part gave a downward trend (100 points down).
The calculation of the MACD histogram gave a downward trend (100 points down).
The bottom line: The calculation of the last day of the week on technical analysis showed that on Friday the price may have a downward trend, which should be confirmed by the daily chart.
Fig. 2 (weekly chart).
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - down (yellow dotted line);
- Volumes - down;
- Candle analysis - down;
- Trend analysis - down;
- Bollinger lines - down;
- monthly chart - down.
Conclusion on complex analysis - down.
The total result of the calculation of the candle currency pair EUR / USD on a weekly chart: The price of the week is likely to have a downward trend with the absence of the first upper shadow of the weekly black candle and the absence of the second lower shadow. The first lower target is 1.2150, the support line (white solid line).
