EUR / USD pair
Trend analysis (Figure 1).
The past week had an upward trend. I hope that next week, after beating off the area consisting of two Fibonacci levels, the long (yellow dotted line) and short (red dotted line), the movement will start going down. The first lower target is the Fibonacci retracement level of 14.6% - 1.1614. More complex analysis will show where the price will go.
Fig. 1 (weekly chart).
Indicator analysis on the weekly chart (Figure 2).
The system of ADX indicators (Figure 2) for the pair EUR / USD.
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 an upward trend (100 points up).
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is an upward trend (100 points up).
Overall result: The MACD indicator on the weekly chart gives an upward trend.
Middle lines of the EMA.
On the weekly chart, the following midlines 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 trend of the week).
13 middle line of the EMA - the color is yellow (trend of the week).
21 middle line of the EMA - the color is brown (trend of the week).
At the last run, the 8 middle line of the EMA (blue) is moving up and above the 13 middle line of the EMA (yellow), which moved upwards - the signal is up.
At the last run, the 8 middle line of the EMA (blue) is moving upwards and crossed the 13 middle line of the EMA (yellow), which moved upwards - no.
At the last run, the 13 middle line of the EMA (yellow) is moving up and above the 21 middle line of the EMA (black), which moved upwards - amplifying the signal of the top work.
The bottom line: The EMA middle line system on the weekly chart gives an upward signal. The probability distribution of the indicators is as follows:
- The average EMA lines are 24% up;
- MACD indicator (linear part) - 38% up;
- MACD indicator (histogram) - 38% up.
Overall result on technical analysis: The price on the weekly chart should have an upward trend.
Calculation of the first shadow of the week (Monday) on a weekly chart.
Middle lines EMA 1/5/8 - the upper signal.
The indicator "three lines" (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) - the upper signal.
The calculation of the RSI indicator system for the first tail is not needed.
Result: The calculation of the weekly candle from July 31 to August 5 showed that the price movement on Monday will be the upper one, but the day's schedule will answer this question definitively.
Calculation of the second shadow of the week (Friday).
The calculation for the MACD linear part gave an upward trend (100 points up).
The calculation of the MACD histogram gave an upward trend (100 points up).
Result: The calculation of the last day of the week for technical analysis showed that on Friday, the price may have an upward trend, which should be confirmed by the daily chart.
Fig. 2 (weekly chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - down;
- Volumes - down;
- Candle analysis - down;
- Trend analysis - down;
- Bollinger lines - down;
- Monthly graph - up.
Conclusion on complex analysis - down.
The total result of the calculation of the candle currency pair EUR / USD on a weekly chart: The price of the week is likely to have a downward trend with the presence of the first upper shadow of the weekly black candle and the absence of the second lower shadow.
The first target is 1.1614.
GBP / USD pair
Trend analysis (Figure 1).
Price last week moved up, practicing news. This week, I think, the main question is whether bulls can develop an offensive. How much the probability of this scenario is likely will be shown by a comprehensive analysis.
Fig. 1 (weekly chart).
Indicator analysis on the weekly chart (Figure 2).
The system of ADX indicators (Figure 2) for the pair GBP / USD.
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 an upward trend (100 points up).
Histogram of the MACD indicator.
Histogram - columns of black color.
The result of the histogram of the MACD indicator is an upward trend (100 points up).
Overall result: The MACD indicator on the weekly chart gives an upward trend.
Middle lines of the EMA.
On the weekly chart, the following midlines 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 trend of the week).
13 middle line of the EMA - the color is yellow (trend of the week).
21 middle line of the EMA - the color is brown (trend of the week).
At the last run, the 8 middle line of the EMA (blue) is moving up and above the 13 middle line of the EMA (yellow), which moved upwards - the signal is up.
At the last run, the 8 middle line of the EMA (blue) is moving upwards and crossed the 13 middle line of the EMA (yellow), which moved upwards - no.
At the last run, the 13 middle line of the EMA (yellow) is moving up and above the 21 middle line of the EMA (black), which moved upwards - amplifying the signal of the top work.
The bottom line: The EMA middle line system on the weekly chart gives an upward signal. The probability distribution of the indicators is as follows:
- The average EMA lines are 24% up;
- MACD indicator (linear part) - 38% up;
- MACD indicator (histogram) - 38% up.
The overall result of the technical analysis: The price on the weekly chart should have an upward trend.
Calculation of the first shadow of the week (Monday) on a weekly chart.
Middle lines EMA 1/5/8 - the upper signal.
The indicator "three lines" (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) is a neutral signal.
Calculation of the RSI indicator system for the upper tail is the lower signal.
The bottom line: The calculation of the weekly candle from July 31 to August 5, according to technical analysis, showed that on Monday there will be a lower trend, but the price movement will determine the daily schedule.
Calculation of the second shadow of the week (Friday).
The calculation for the MACD linear part gave an upward trend (100 points up).
The calculation of the MACD histogram gave an upward trend (100 points up).
The bottom line: The calculation of the last day of the week on technical analysis showed that there will be a lower trend on Friday, but the price movement will determine the daily chart.
Fig. 2 (weekly chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - down;
- Volumes - down;
- Candle analysis - neutral;
- Trend analysis - up;
- Bollinger lines - neutral;
- Monthly graph - up.
Conclusion on complex analysis - up.
The total result of calculating the candle of the GBP / USD currency pair on a weekly chart: The price for the week is likely to have an upward trend with the absence of the first upper shadow of the weekly white candle and the presence of the second lower shadow. The first goal is 1.3487.
