Trend Analysis (Fig. 1).
Today, the market will try to start going down from the level of 1.3728 (the closing of yesterday's daily candle) with the target of 1.3624-13 average EMA (yellow thin line). When this line is reached, the price may continue to go down with a target of 1.3588-21 average EMA (black thin line).
Figure 1 (daily chart).
Comprehensive Analysis:
- Indicator Analysis – down
- Fibonacci Levels – down
- Volumes – down
- Technical Analysis – down
- Trend Analysis – up
- Bollinger Bands – up
- Weekly Chart – down
General Conclusion:
Today, the price will try to start going down from the level of 1.3728 (the closing of yesterday's daily candle) with the target of 1.3624-13 average EMA (yellow thin line). When this line is reached, the price may continue to go down with a target of 1.3588-21 average EMA (black thin line).
Alternative scenario: from the level of 1.3728 (the closing of yesterday's daily candle), the average EMA (yellow thin line) will try to start going down with the target of 1.3624-13. When this line is reached, the price can start going up with the target of 1.3744 at the upper fractal (daily candle from 01/21/2021).
