Trend analysis (Fig. 1).
On Thursday, the price will move up, with the first goal of 1.2957 - the resistance line (yellow thin line). In case of breaking through this level, there will be a continuation of work upwards with the target of 1.3013 - this is the upper fractal (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
On Thursday, the price of technology may continue to move up.
The price will move up with the target 1.2957 - resistance line (yellow thin line). In case of breaking through this level, the continuation of work upwards with the target 1.3013 is the upper fractal (blue dashed line).
An unlikely scenario of pullback down to 1.2859 - pullback level of 14.6% (blue dotted line) might take place.
