Trend analysis (Figure 1).
On Tuesday, the price continued to move up and all the news came in contrast to the technical analysis. The rollback level of 23.6% at 1.1758 (the blue dotted line) was never overcome, which means that is possible for the upward movement to continue on Wednesday. The complex analysis will accurately determine the further direction of price.
Fig. 2 (daily chart).
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - up.
General conclusion.
On Wednesday, the market will move up with its first target at the recoil level of 23.6% 1.1758 (blue dotted line).
* The presented market analysis is informative and does not constitute a guide to the transaction.
