FX.co ★ Indicator analysis. Daily review for EUR / USD and GBP / USD pairs on November 7, 2017

EUR / USD pair

Trend analysis (Figure 1)

On Monday, the market moved in the side channel. On Tuesday, it is possible to move up, depending on the news. 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).

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 down, which is below the 13th EMA midline (yellow) - the signal of the bottom work.

21, the middle EMA line is moving down, lies above the 13th EMA midline, strengthening the lower work signals.

The bottom line: the EMA middle line system on the daily chart shows a downward trend.

The probability distribution of the indicators are as follows:

the average EMA lines are 24% down;

MACD indicator (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 - neutral;

- volumes - upwards;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Tuesday, it is possible to increase with the first target at 1.1647.

GBP / USD Pair

Trend analysis (Figure 1)

On Monday, the market moved up, pushing away from the support line. 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 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 shows 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 days 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: the RSI indicator system shows an upward trend.

The calculation of the CCI indicator.

The bottom line: 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 - neutral;

- volumes - down;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - up;

- Weekly schedule - up.

General conclusion:

On Tuesday, on the GBP / USD pair could possibly move up with the first target of 1.3186.

* The presented market analysis is informative and does not constitute a guide to the transaction.