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26.09.2017 09:25 AM
Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for September 26, 2017

Pair EUR / USD

Trend Analysis (Figure 1)

On Monday, the market opened with a lower gap and the price turned out to be below the support line, which gave the trader reason to believe that the support line had been knocked down and only the bottom work remained. On Tuesday, the market could continue its lower movement. 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 schedule (Figure 2).

The system of indicators ADX (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.

The stochastic indicator (period 3/3/4) on the daily chart gives a downward trend (Fig. 2).

The system of indicators RSI (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).

Closed candle at the last day.

The calculation of the indicator RSI (5) on the properties gives down.

The calculation of the indicator RSI (8) by properties gives down.

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

The calculation of the indicator CCI 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 (red dotted line);

- Volumes - upwards;

- Candle analysis - neutral;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion

On Tuesday, most likely, the pair EUR / USD will have a downward movement. The first goal is 1.1680.

Pair GBP / USD

Trend Analysis (Figure 1)

On Monday, the market for technical analysis was moving down. On Tuesday, the probability of lower traffic is high. The complex analysis will more accurately tell where the price will go.

This image is no longer relevant

Fig. 1 (daily chart).

Indicator analysis on the daily schedule (Figure 2).

The system of indicators ADX (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.

The stochastic indicator (period 3/3/4) on the daily chart gives a downward trend (Fig. 2).

The system of indicators RSI (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).

Closed candle at the last day.

The calculation of the indicator RSI (5) on the properties gives down.

The calculation of the indicator RSI (8) by properties gives down.

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

The calculation of the indicator CCI on the properties gives up.

The bottom line: The CCI indicator system gives an upward 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 - up;

- Volumes - down;

- Candle analysis - down;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Tuesday, the pair GBP / USD may move down.

Stefan Doll,
Analytical expert of InstaForex
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