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10.01.2018 10:26 AM
Indicator analysis. Daily review of EUR / USD and GBP / USD pairs for January 10, 2018

On Wednesday, these are the strong news:

- 8.30 London time, GBP, production in the manufacturing industry (m / m) (Nov). The expected value is 0.3% compared to the previous value of 0.1M;

- 12.15 London time, USD, stocks of crude oil. The expected value is -3.890M compared to the previous value of -7.419M.

EUR / USD pair

Trend analysis (Figure 1)

On Tuesday, the price moved down. On Wednesday, the market could rebound after reaching 21 average EMA . Candlestick analysis also gives an upward trend. 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) moved upward, and the slow line (indicator period 8 - blue) also 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 a downward 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 property calculation of the RSI indicator (5) gives a downward trend.

The property calculation of the RSI indicator (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.

This image is no longer relevant

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Wednesday, the market will move up, with the first goal of 1.1982.

GBP / USD pair

On Tuesday, the price went down. On Wednesday, the market is likely to move down. The first possible stop would be at the level of 1.3504 (the lower fractal). 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 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).

At the last day's closed candle.

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

The property calculation of the RSI indicator (8) gives a downward trend.

The bottom line: the RSI indicator system gives a downward trend.

The property calculation of the CCI indicator gives a downward trend.

The bottom line: the CCI indicator system gives a downward trend.

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

This image is no longer relevant

Fig. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - neutral;

- volumes are neutral;

- candle analysis - down;

- trend analysis - up;

- Bollinger lines - up;

- Weekly schedule - up.

General conclusion:

On Wednesday, the GBP / USD pair may move down with the first target at 1.3504 (the lower fractal).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2026
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