FX.co ★ Indicator analysis. Daily review of EUR / USD and GBP / USD pairs for December 27, 2017

On Tuesday, these are the strong calendar news:

- 14.00 London time, USD, consumer confidence index CB (dec.); The expected value is 128.1 compared to the previous value of 129.5;

- 14.00 London time, USD, index of unfinished sales in the real estate market (m / m) (Nov); The expected value is -0.4% compared to the previous value of 3.5%.

EUR / USD pair

Trend analysis (Figure 1)

On Tuesday, the price moved in the side channel. On Wednesday, the market will move up but it will start to move down after reaching the resistance line at 1.1892, with the first target of 1.1832 (38.2% retracement level). A complex analysis will more accurately determine where the price will go next.

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 an upward trend.

The property calculation of the RSI indicator (8) gives an upward trend.

The bottom line: the RSI indicator system gives an upward 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 an upward trend.

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- volumes - upwards;

- candle analysis - neutral;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Wednesday, the market will move up, but it will start to move down after reaching the resistance line at 1.1892, with the first target of 1.1832 (38.2% retracement level).

GBP / USD pair

On Tuesday, the price continued to move in the side channel. On Wednesday, the market is likely to move up, with the first target at 1.3419 (upper fractal). A complex analysis will more accurately determine where the price will go next.

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 period 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 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).

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 ives 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.

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- volumes - down;

- candle analysis - neutral;

- trend analysis - up;

- Bollinger lines - up;

- Weekly schedule - up.

General conclusion:

On Wednesday, it is possible for the GBP / USD pair to move upward towards the first target of 1.3419 (the upper fractal).