**Daily analysis of GBP/USD for October 27, 2017**EUR / USD pair

Trend analysis (Figure 1)

The downward trend prevailed last week. The market tested again the resistance line and drove downwards. The price may fend off the support line and move higher in the following week. Complex analysis will accurately show the price direction.

Fig. 1 (weekly chart).

Indicator analysis on the weekly 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.

MACD Indicator (period 5/8/13).

The linear part of the MACD indicator. Fast line (signal) - a line of white color.

The slow line (main line) is the blue line.

The result of the MACD indicator is a downward trend (100 points down). Histogram of the MACD indicator.

Histogram - columns of black color.

The result of the histogram of the MACD indicator is a downward trend (100 points down).

Overall: the MACD indicator on the weekly chart gives a downward trend.

Middle lines of the EMA.

On the weekly chart, the following midlines are used.

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 (trend of the week).

13 the middle line of the EMA - the color is yellow (the trend of the week).

21 middle EMA line - brown color (trend of the week).

At the last run 8, the middle EMA line (blue) is moving down over the 13th EMA midline (yellow), which also moved down - the signal is up. At the last run 13, the middle EMA line (yellow) is moving down above the 21 middle line of the EMA (black), which moved downward - the signal gain of the upper work.

The bottom line: the EMA mid-line system on the weekly chart gives an upward signal. The probability distribution of the indicators are as follows:

- average EMA lines - 24% up;

- MACD indicator (linear part) - 38% down;

- MACD indicator (histogram) - 38% down.

Overall: on technical analysis: the price on the weekly chart should have a downward trend.

Calculation of the first shadow of the week (Monday) on a weekly chart.

The middle lines of the EMA 1/5/8 are the lower signal.

The indicator "three lines" (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) is the lower signal.

Calculation of the RSI indicator system for the first tail is the bottom signal.

The bottom line: the calculation of the weekly candle from October 30 to November 04 showed that the price movement on Monday should move downward, but the final outcome depends entirely on the daily chart. Calculation of the second shadow of the week (Friday).

The calculation for the MACD linear part showed a downward trend (100 points down).

Calculation of the MACD histogram gave a downward trend (100 points down).

The bottom line: the calculation on Friday for the technical analysis showed that the price may have a downward trend, which should be confirmed by the daily chart.

Fig. 2 (weekly chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candle analysis - neutral;

- trend analysis - up;

- Bollinger lines - up;

- monthly chart - down.

Conclusion on complex analysis - up.

The entire result of the calculation of candle currency pair EUR/USD on a weekly chart indicates the weekly price would likely to have an upward trend with the presence of the first lower shadow in the weekly white candle and the presence of a second upper shadow. The upper goal is 1.1670.

GBP / USD Pair

Trend analysis (Figure 1)

The downward trend prevailed last week. The price reached the support line at 1.3087 (white thick line). Most likely, there will be an upward trend next week. The level of probability for this scenario is likely shown in a comprehensive analysis.

Fig. 1 (weekly chart).

Indicator analysis on the weekly schedule (Figure 2).

The system of indicators ADX (Figure 2).

On the last run, the fast line (indicator 5 - white) moved upward, 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 weekly 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 properties gives up.

Calculation of the indicator RSI (

by properties gives up.

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

The calculation of the indicator CCI on the properties moves down.

The bottom line: the CCI indicator system gives a downward trend.

Overall: according to the indicator analysis, the price on the weekly chart should have an upward trend.

Calculation of the first shadow of the week (Monday) on a weekly chart.

Middle lines EMA 1/5/8 - the upper signal.

The indicator "three lines" (the direction of the lines of indicators CCI (5), RSI (5), stochastics with a period of 3/3/4) is a neutral signal.

Calculation of the RSI indicator system for the first tail is the upper signal.

Result: the calculation of the weekly candle from October 30 to November 04, according to technical analysis showed that on Monday there will be an upper trend, but the price movement will determine the daily schedule.

Calculation of the second shadow of the week (Friday). The calculation for the MACD linear part - gave a downward trend (100 points down). Calculation of the MACD histogram - gave a downward trend (100 points down).

The bottom line: the calculation on Friday for the technical analysis showed that there will be a lower trend, but the price movement will determine the daily schedule.

Fig. 2 (weekly chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - down;

- volumes - down; - candle analysis - neutral;

- trend analysis - up; - Bollinger lines - up;

- monthly graph - up.

Conclusion on the complex analysis is an upward movement.

The total result of the GBP / USD currency pair candlestick calculation according to the weekly chart shows the weekly price would likely to have an upward trend with the absence of the first lower shadow of the weekly white candle and the presence of the second upper shadow. The initial target is 1.3336.

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