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22.11.2017 11:28 AM
Indicator analysis. Daily review for EUR / USD and GBP / USD pairs on November 22, 2017

On Wednesday, the following strong calendar news comes out:

- 11.30 London time. GBP, autumn forecast report;

- 12.30 London time. USD, basic orders for durable goods (m / m) (Oct.); The expected value is 0.5% compared to the previous value of 0.7%;

- 14.30 London time. USD, stocks of crude oil, The expected value is -1.545M, compared to the previous value of 1.854M.

- 18.00 London time. USD, the publication of the FOMC protocols.

EUR / USD pair

Trend analysis (Figure 1)

On Tuesday, the market moved in the side channel. On Wednesday, it is possible to continue moving downward with the initial target of 1.1713 (lower fractal). A complex analysis will more accurately determine where the price will go next.

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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 from the indicators of the oscillator type.

Stochastic indicator (period 3/3/4) on the daily 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).

There is a closed closed candle at the last day.

The property calculation of the indicator RSI (5) gives a downward trend.

The property calculation of the 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 an upward trend.

The bottom line: the CCI indicator system gives an upward trend.

The result of the indicator analysis: the price will have an upward trend.

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Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- volumes - upwards;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Wednesday, the price could rollback up.

GBP / USD pair

Trend analysis (Figure 1)

On Tuesday, the market moved in the side channel. On Wednesday, you can roll back down. A complex analysis will more accurately determine where the price will go next.

This image is no longer relevant

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 is an upward trend.

Histogram of the MACD indicator.

Histogram - columns of black color.

The result of the histogram of the MACD indicator is an upward trend.

Overall: the MACD indicator on the daily chart gives an upward 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 which is above the 13th EMA midline (yellow) that signals of the trend above.

21, the middle EMA line moving up is located below the 13th EMA midline, amplifying the signals of the trend above

The bottom line: the EMA middle line system on the daily chart gives an upward trend.

The probability distribution of the indicators is as follows:

the average EMA lines are 24% up;

indicator of the MACD (linear part) - 38% up;

the MACD indicator (histogram) is 38% higher.

The result of the indicator analysis: the price will have an upward trend.

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Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - neutral;

- volumes - down;

- candle analysis - down;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - up.

General conclusion.

On Wednesday, it is possible for the GBP/USD pair to move downwards with the target of 1.3096, but only after reaching the resistance line at 1.3265.

Stefan Doll,
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