Trend analysis (Figure 1).
On Friday, the price continued to move upward. On Monday, the upward movement may continue. The first target of 1.1996 is the recession level of 23.6% (red dotted line). Complex analysis will more accurately tell where the price will go.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Columes - upwards;
- Candlestick analysis - up;
- Trend analysis - down;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Monday, the upward movement may continue with the first target of 1.1997 - a recoil level of 23.6% (red dotted line).
