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18.03.2019 12:14 PM
Weekly review for the GBP / USD pair from March 18 to March 23, 2019

Trend analysis (Fig. 1).

This week, the price will move up with the first goal of 1.3447 - the resistance line of the rising channel (blue bold line).

This image is no longer relevant

Fig. 1 (weekly schedule).

Indicator analysis on a weekly schedule (Fig. 2).

System indicators ADX (Fig. 2).

On the last run, the fast line (indicator with period 5 - white) and the slow line (indicator with period 8 - blue) moved down. In this case, the trend should be determined by the indicators of the trend type.

The indicator MACD (period 5/8/13).

The linear part of the indicator MACD.

The quick line (signal) is a white line.

The slow line (main) is the blue line.

The total for the linear part of the MACD indicator is a downward trend (100 points down).

Histogram of the MACD indicator.

Histogram - black columns.

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

The overall result: The MACD indicator on the weekly chart gives a downward trend.

EMA middle lines.

The following average lines are used on the weekly chart.

1 EMA middle line - color white (first shadow).

5 EMA middle line - color red (first shadow).

8 EMA middle line - color blue (trend of the week).

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

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

On the last run, the 8 middle line EMA (blue) is moving down and below the 13 middle lines EMA (yellow), which moved down - the signal is down.

On the last run, the 13 middle line EMA (yellow) is moving down and below the 21 middle lines EMA (black), which moved down - strengthening the signal of the lower work.

Bottom line: the EMA middle line system on the weekly chart gives a downward signal.

The total result of the calculation of the candle of the GBP / USD currency pair on a weekly schedule: the price of the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle (Monday is up) and the presence of the second upper shadow (Friday is down).

This week, the price will move up with the first goal of 1.3447 - the resistance line of the rising channel (blue bold line). Then the bottom is likely.

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