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In the coming week, the market will be narrow due to Christmas holidays and it is needed to trade with extreme caution.
For the EUR / USD pair, the monthly trend is upward. The first upper target is the resistance line on the monthly chart, from which the downward movement downward to 1.1920 is possible.
For the GBP / USD pair, the monthly trend is upward. The first lower target is the support line on the monthly chart, from which it is possible to move upwards 1.3243. The first upper target is 1.3548 in the upper fractal.
EUR / USD pair
Trend analysis (Figure 1)
There is an upward trend in the past week. Next week, the price may continue to move up towards the resistance line of 1.1920, and then it is possible to move down. A more complex analysis will show more accurately 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 period 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 propery calculation of the indicator CCI gives a downward trend.
The bottom line: the CCI indicator system gives a downward trend.
A summary of 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 indicator "three lines" (the direction of the lines of CCI indicators (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 Tuesday (on Monday off) 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).
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 - 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 calculating the candle of the EUR / USD currency pair `on a weekly chart: the price of the week is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle and the presence of a second upper shadow. The price will initially move up, with the first goal of 1.1920 in the resistance line, after which it is possible to roll back down.
GBP / USD pair
Trend analysis (Figure 1)
There is an upward trend in the past week. Next week, there will most likely be a continuation of a downward trend. How much the probability of this scenario will likely 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 (5) gives an upward trend.
The property calculation of the RSI indicator (8) gives an upward trend.
The bottom line: the RSI indicator system gives an upward trend.
The calculation of the CCI indicator gives a downward trend.
The bottom line: the CCI indicator system gives a downward trend.
The grand total: 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 CCI indicators (5), RSI (5), stochastics with a period of 3/3/4) is a neutral signal.
The calculation of the RSI indicator system for the first tail is the upper signal.
The bottom line: the calculation of the weekly candle on technical analysis showed that there will be an upper trend on Tuesday, when it is a day off on Monday, 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 of the week on technical analysis showed that there will be a lower trend on Friday, 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 - neutral;
- trend analysis - up;
- Bollinger lines - up;
- monthly graph - up.
Conclusion on complex analysis is a downward movement.
The total result of calculating the candle of the GBP / USD currency pair on a weekly chart: the price for the week is likely to have a downward trend with the presence of the first upper shadow of the weekly black candle and the absence of the second lower shadow with the target of 1.3243.
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