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23.01.2018 10:23 AM
Indicator analysis. Daily review of the currency pairs EUR / USD and GBP / USD for January 23, 2018

EUR / USD pair

Trend analysis (Figure 1)

On Monday, the price moved in the side channel. On Tuesday, the market may continue to move up. 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 up. In this case, the trend should be determined by trend type indicators.

Indicator MACD (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.

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

The middle lines of the EMA.

The daily chart uses the following midlines.

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 upwards 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 - neutral;

- Volumes - down;

- Candle analysis - neutral;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Tuesday, most likely, the market will move down, with the first target of 1.2167 (lower fractal).

Pair GBP / USD

On Monday, the price tried to break through the resistance line again, but so far it has not succeeded. The market on Tuesday is likely to move down. The first stop is possible at 1.3832 (the retracement level is 14.6%). 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 up. In this case, the trend should be determined by trend type indicators.

Indicator MACD (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.

The overall result: The MACD indicator on the daily chart gives an upward trend.

The middle lines of the EMA.

The daily chart uses the following midlines.

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 upwards 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.

This image is no longer relevant

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candle analysis - down;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - up.

Overall conclusion:

On Tuesday, the pair GBP / USD may move down. The first stop is possible at 1.3832 (the retracement level is 14.6%).

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