For the EUR / USD pair, the monthly trend is upward. After touching the resistance line. Moving downwards, the price reached the recession level of 38.2% at 1.2172 (yellow dotted line) and went up.When moving upward, the first target is the resistance level of 1.2484 (white solid line).
Trend analysis (Figure 1).
The past week had a lateral trend. In the coming week, this will most likely continue to move down. The first lower target is the level of 1.2078 in the support line (white solid line). A complex analysis will more accurately determine where the price will go next.
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 down. In this case, the trend should be determined by indicators of the oscillator type.
Stochastic indicator (period 3/3/4) on the weekly chart gives 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).
On the last closed candle.
The property calculation of the RSI indicator (5) gives a downward trend.
The property calculation of the RSI indicator (8) gives a downward trend.
The bottom line: the RSI indicator system gives a downward trend.
The property calculation of the CCI indicator gives an upward trend.
The bottom line: the CCI indicator system gives an upward trend.
The grand total: the price on the weekly chart should have an upward trend, according to the indicator analysis.
Calculation of the first shadow of the week (Monday) on a weekly chart.
Middle lines EMA 1/5/8 - the upper signal.
The indicator "three lines" (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 Monday, 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 - gave a downward trend (100 points down).
Calculation of the MACD histogram - gave a downward trend (100 points down).
Result: the calculation of the last day of the week for 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 (blue 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 calculating the candle of the EUR / USD currency pair on a weekly chart: the price is likely to have a downward trend with no first shadow in the weekly black candle and the absence of a second lower shadow.
The first lower target is 1.2203 on the support line (blue solid line).
