EUR / USD pair.
Trend analysis (Figure 1).
On Thursday, the price moved upwards and rejected to work out the reversal bottom. While on Friday, the market may continue to move up. 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) moved down and the slow line (indicator period 8 - blue) moved up. In this case, the trend should be determined by oscillator type indicators.
Stochastic indicator (period 3/3/4) on the daily chart shows 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).
At the last day's closed candle.
The calculation of the RSI indicator (5) on properties moves up.
Calculation of the RSI indicator (8) by properties moves up.
The bottom line of the RSI indicator system shows an upward trend.
The calculation of the CCI indicator on the properties moves down.
The bottom line of the CCI indicator system shows a downward trend.
The result of the indicator analysis indicates the price will have an upward trend
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Friday,the market would likely move upwards with the first target at 1.2324 (the upper fractal).
GBP / USD Pair.
On Thursday, the price continued to move up with another attempt to break through the resistance line. While on Friday, the market would likely continue to move up. The first stop is possible at 1.3937 (resistance line). 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 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 shows 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, positioned above the 13th EMA midline (yellow) - the signal of the top work.
21, the middle EMA line moving upwards is positioned below the 13 middle EMA line, 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 indicator of the MACD (linear part) - 38% up,
the MACD indicator (histogram) is 38% higher.
The result of the indicator analysis indicates the price will have an upward trend.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - down;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion:
On Friday, the GBP / USD pair is possible to move up. The initial target is at 1.3937 (resistance line).
* The presented market analysis is informative and does not constitute a guide to the transaction.
