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04.08.2017 01:54 PM
Indicator analysis. Day review of the currency pairs EUR / USD and GBP / USD for August 4, 2017

EUR / USD pair

Trend analysis (Figure 1).

On Thursday, the price in anticipation of today's news moved in the side channel. On Friday, most likely, the upward movement will continue. The complex analysis will more accurately tell where the price will go.

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Fig. 1 (daily chart).

Indicator analysis on the daily chart (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 upward. But the fast (white) line is above 80%. In this case, the trend should be determined from the indicators of the oscillator type.

The stochastic indicator (period 3/3/4) on the daily 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.

Calculation of the RSI indicator (5) by properties yields down.

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 result of the indicator analysis: The price will have a downward trend.

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Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - down;

- Fibonacci levels - up;

- Volumes - upwards;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly chart - up.

General conclusion.

On Friday, the pair EUR / USD is expected to have an upper movement with the first target of 1.1895.

GBP / USD pair

Trend analysis (Figure 1).

On Thursday, the price of news went down. On Friday, most likely, the upward movement will continue with the target of 1.3515, the retraceable Fibonacci level of 50.0%. The complex analysis will more accurately tell where the price will go.

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Fig. 1 (daily chart).

Indicator analysis on the daily chart(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 upward. 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.

The fast line (signal) is the white line.

The slow line (main line) is the blue line.

The result for the linear part of the MACD indicator is 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.

Overall result: The MACD indicator on the daily chart gives a downward trend.

Middle lines of the EMA.

On the daily chart, the following average lines are used.

1 middle line of the EMA - the color is white (first shadow).

5 middle line of the EMA - the color is red (the first shadow).

8 middle line of the EMA - the color is blue (the first shadow and trend).

13 middle line of the EMA - the color is yellow (trend).

21 middle line of the EMA - the color is brown (trend).

At the last run, the 8 middle line of the EMA (blue) moved up and above the 13 middle line of the EMA (yellow) is the signal of the top work.

The 21 middle line of the EMA is moving up and below the 13 middle line of the EMA, amplifies the signals of the top work.

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;

The MACD indicator (linear part) is 38% down;

The MACD indicator (histogram) is 38% down.

The result of the indicator analysis: The price will have a downward trend.

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Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - down;

- Fibonacci levels - up;

- Volumes - upwards;

- Candle analysis - down;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly chart - up.

The general conclusion

On Friday, the upward trend continues on the GBP / USD pair with the target of 1.3515, the retraceable Fibonacci level of 50.0%.

Stefan Doll,
Analytical expert of InstaForex
© 2007-2026
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