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Weekly review of the EUR / USD currency pair from September 17 to 22, 2018

Trend analysis (Figure 1).On the weekly chart, the price closed above the recession level of 23.6% (blue dotted line). This week, the market can continue to move up, with the nearest target of 1.1735, the upper fractal.

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Fig. 2 (weekly chart).Complex analysis:- Indicator analysis - up;- Fibonacci levels - up (blue dotted line);- Volumes - upwards;- Candle analysis - neutral;- Trend analysis - up;- Bollinger lines - down;- Monthly graph - up.Conclusion on complex analysis - up.The 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 indicator lines CCI (5), RSI (5), stochastic with a period of 3/3/4) on the last run is the upper signal.The calculation of the system of indicators RSI for the first tail - up.The bottom line: a weekly candlestick calculation for indicator analysis showed that on Monday the price may have an upward trend, which should be confirmed by the daily chart.The calculation of the second shadow of the week (Friday).The calculation for the MACD linear part gave an upward trend (100 points up).The calculation of the MACD histogram gave an upward trend (100 points up).The bottom line: the calculation of the last day of the week on technical analysis showed that on Friday, the price may have an upward trend, which should be confirmed by the daily chart.The total result of the calculation of the candle currency pair EUR / USD on a weekly chart: the price of the week is likely to have an upward trend with the absence of the first lower shadow of a weekly white candle and the absence of a second upper shadow.The nearest upper target is 1.1735, the upper fractal.

The material has been provided by InstaForex Company - www.instaforex.com