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For the EUR / USD pair, there is an upward monthly trend. The first lower target is at 1.1670, which is the support line on the monthly chart that has the right to move upward to the level of 1.1670.
For the GBP / USD, there is an upward monthly trend. The first upper fractal target is 1.3548.
EUR / USD pair
Trend analysis (Figure 1)
The past week had a lateral, downward trend. Next week, it is possible to move up. A more complex analysis will show more accurately determine where the price goes 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 from the indicators of the oscillator type.
Stochastic indicator (period 3/3/4) on the weekly chart gives 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 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 a downward trend.
The bottom line: the CCI indicator system gives a downward trend.
Overall: the price on the weekly chart should have a downward 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 "three lines" of the indicator (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.
Calculation of the RSI indicator system for the first tail is the bottom signal.
The bottom line: a weekly candlestick calculation for indicator analysis showed that on Monday the price may have an upward 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).
The result: the calculation of the last day of the week showed on technical analysis that the price may have a downward trend on Friday, which should be confirmed by the daily chart.
Fig. 2 (weekly chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - up (blue dotted lines);
- volumes - upwards;
- candlestick analysis - up;
- trend analysis - up;
- Bollinger lines - up;
- monthly graph - up.
Conclusion on complex analysis - up.
The total result of the calculation of the EUR/USD currency pair candle on the weekly chart: the price for the week is likely to have an upward trend with no first lower shadow of the weekly white candle and the presence of a second upper shadow.
GBP / USD pair
Trend analysis (Figure 1)
The past week had a downward trend. Next week, there will most likely be a continuation of a downward trend. How much the probability of this scenario is likely to be shown by a 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 from the indicators of the oscillator type.
Stochastic indicator (period 3/3/4) on the weekly chart gives 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 property calculation of the RSI indicator RSI (5) gives a downward trend.
The property calculation of the RSI indicator RSI (8) gives a downward trend.
The bottom line: the RSI indicator system gives a downward trend.
The property calculation of the CCI indicator gives a downward trend.
The bottom line: the CCI indicator system gives a downward trend.
Overall: the price on the weekly chart should have a downward 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 "three lines" of the indicator (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) is the lower 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 technical analysis showed that on Monday there will be a lower trend, but the price movement will determine the daily schedule.
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 for the week on technical analysis showed that on Friday there will be a lower trend, but the price movement will determine the daily schedule.
Fig. 2 (weekly chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - down;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- monthly graph - up.
Conclusion on complex analysis is a downward movement.
The total result of calculating the GBP / USD currency pair candle on the weekly chart: the price for 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 with the target of 1.3218.
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