EUR / USD pair
Trend analysis (Figure 1).
Last week, the news had an upward trend. This week, a downward movement is possible. The first lower target is the Fibonacci retracement level of 14.6% - 1.1680 (yellow dotted line). Where the price will go, more complex analysis will show.
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) was moving down, and the slow line (indicator period 8 - blue) was moving upwards. 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 RSI indicators (Fig. 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).
Closed candle at the last day.
The calculation of the RSI indicator (5) by properties yields down.
The calculation of the RSI indicator (8) by properties yields down.
The bottom line: The RSI indicator system gives a downward trend.
The calculation of the CCI indicator 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.
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) is a neutral signal.
The calculation of the RSI indicator system for the first tail is down.
The bottom line: The calculation of a weekly candle from August 14 to August 19, according to the indicator analysis, showed that the price movement on Monday will be lower, but finally the daily schedule will answer this question definitively.
The calculation of the second shadow of the week (Friday).
The calculation of the linear part of the MACD 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;
- Volumes - down;
- Candle analysis - down;
- Trend analysis - up;
- Bollinger lines - up;
- Monthly graph - up.
Conclusion on the complex analysis is the recession bottom.
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 white candle and the absence of the second lower shadow.
The first target is 1.1680.
GBP / USD pair
Trend analysis (Figure 1).
Last week, the news had a downward trend. This week, the main question is whether the bears will be able to develop the offensive down to the receding Fibonacci level of 23.6% - 1.2964. How much the probability of this scenario is likely will 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) 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 RSI indicators (Fig. 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).
Closed candle at the last day.
The calculation of the RSI indicator (5) by properties yields down.
The calculation of the RSI indicator (8) by properties yields down.
The bottom line: The RSI indicator system gives a downward trend.
The calculation of the CCI indicator 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.
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) - the bottom signal.
The calculation of the RSI indicator system for the upper tail is the lower signal.
The bottom line: The calculation of the weekly candle from August 14 to 19 for technical analysis showed that on Monday there will be a lower trend, but the price movement will determine the daily schedule.
The calculation of the second shadow of the week (Friday).
The calculation of the linear part of the MACD gave a downward trend (100 points down).
The 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 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 - neutral;
- Trend analysis - down;
- Bollinger lines - neutral;
- Monthly graph - up.
Conclusion on the complex analysis is the recession bottom.
The total result of the GBP / USD currency pair candlestick calculation according to the weekly chart: The price for the week is likely to have a downward trend with no first upper shadow in a weekly black candle and no second lower shadow. The first target is 1.2964.
