EUR / USD pair
Trend analysis (Figure 1)
On Tuesday, the price moved down into recoil. While the market may continue to move down on Wednesday. The complex analysis will more accurately determine the price direction.
Fig. 1 (daily chart).
Indicator analysis on the daily 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 up. In this case, the trend should be determined by trend type indicators.
MACD Indicator (period 5/8/13).
The linear part of the MACD indicator.
Fast line (signal) - a line of white color.
The slow line (main line) is the blue line.
The result for the linear part of the MACD indicator shows a downward trend.
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is a downward trend.
The overall result of the MACD indicator on the daily chart shows a downward trend.
Middle lines of the EMA.
The daily chart uses the following midlines.
1 middle EMA line - color white (first shadow).
5 the middle line of the EMA - the color is red (the first shadow).
8 middle EMA line - the color is blue (the first shadow and trend).
13 the middle line of the EMA - the color is yellow (trend).
21 middle EMA line - the color is brown (trend).
At the last run 8, the middle EMA line (blue) moved up, positioned above the 13th EMA midline (yellow) - the signal of the top work.
21, the middle EMA line moves upwards, positioned below the 13th EMA midline, strengthening the signals of the top work.
The bottom line of the EMA middle line system on the daily chart shows an upward trend.
The probability distribution of the indicators are as follows:
the average EMA lines are 24% up;
the MACD indicator (linear part) - 38% down;
the MACD indicator (histogram) is 38% down.
The result of the indicator analysis indicates the price will have a downward trend.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - down.
General conclusion.
On Wednesday, most likely, the market will move downwards, with the target of 1.2188 (a retracement level of 14.6%).
Pair GBP / USD
On Wednesday, the market would likely move downwards with the target of 1.2188 (a retracement level of 14.6%).
Fig. 1 (daily chart).
Indicator analysis on the daily 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 trend type indicators.
MACD Indicator (period 5/8/13).
The linear part of the MASD indicator.
Fast line (signal) - a line of white color.
The slow line (main line) is the blue line.
The result for the linear part of the MACD indicator shows a downward trend.
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is a downward trend.
The overall result of the MACD indicator on the daily chart shows a downward trend.
Middle lines of the EMA.
The daily chart uses the following midlines.
1 middle EMA line - color white (first shadow).
5 the middle line of the EMA - the color is red (the first shadow).
8 middle EMA line - the color is blue (the first shadow and trend).
13 the middle line of the EMA - the color is yellow (trend).
21 middle EMA line - the color is brown (trend).
At the last run 8, the middle EMA line (blue) moved up, positioned above the 13th EMA midline (yellow) - the signal of the top work.
21, the middle EMA line moves upwards, positioned below the 13th EMA midline, strengthening the signals of the top work
The bottom line of the EMA middle line system on the daily chart shows an upward trend.
The probability distribution of the indicators are as follows:
the average EMA lines are 24% up;
the MACD indicator (linear part) - 38% down;
the MACD indicator (histogram) is 38% down.
The result of the indicator analysis indicates the price will have a downward trend.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - neutral;
- volumes - upwards;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion:
On Wednesday, the GBP / USD pair may move down. The stop is possible at the level of 1.3741 (the lower fractal).
* The presented market analysis is informative and does not constitute a guide to the transaction.
