On Monday, these are the following strong calendar news:
- 12.30 London time, USD, basic retail sales index (m / m) (Mar.). The expected value is 0.2% compared to the previous value of 0.2%;
- 12.30 London time, USD, retail sales (m / m) (mar). The expected value is 0.4% compared to the previous value is -0.1%.
Trend analysis (Figure 1).
On Friday, the price moved in the side channel. On Monday, the market s likely to continue moving upward. A complex analysis will more accurately determine where the price will go next.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - neutral;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Monday, the market will move up, with the first target of 1.2398 on the upper fractal.
