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22.02.2018 08:15 AM
Indicator analysis. The daily review of the currency pairs EUR / USD and GBP / USD for February 22, 2018.

EUR / USD pair.

Trend analysis (Figure 1).

On Wednesday, the price moved down, practicing the week-long scenario. On Thursday, it is possible to continue the lower movement, with the first target of 1.2174 (the retracement level of 38.2%). 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 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 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.

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 down and above the 13 middle line of the EMA (yellow) is the signal of the upper work.

The 21 middle line of the EMA is moving down and below the 13 middle line of the EMA is the gain signals of the upper 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 - 24% up;

The indicator of the MACD (linear part) - 38% up,

The indicator of the MACD (histogram) - 38% up.

The result of the indicator analysis: The price will have an upward trend.

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Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion.

On Thursday, most likely, the market will continue its downward movement, with the first target at 1.2174 (the retracement level of 38.2%).

Pair GBP / USD.

Trend analysis (Figure 1).

On Wednesday, the price moved down, according to the weekly trend. On Thursday, the market may continue to move down. 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 by indicators of the oscillator type.

The 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).

On the last closed candle.

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 - down;

- Volumes - down;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion:

On Thursday, the currency pair GBP / USD may continue to move down, with the first target of 1.3846, the retracement level of 38.2%.

Stefan Doll,
Analytical expert of InstaForex
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