Trend Analysis (Fig. 1).
Today, the market may continue to move up from the level of 1.4110 (the closing of yesterday's daily candle) with the target of 1.4217 at the upper fractal (red dotted line). When testing this level, it is possible to go down with a target of 1.4042-8 average EMA (blue thin line).
Figure 1 (daily chart).
Comprehensive Analysis:
- Indicator Analysis-up
- Fibonacci Levels – up
- Volumes – up
- Candle Analysis – down
- Trend Analysis-up
- Bollinger Bands – up
- Weekly Schedule - up
General conclusion:
Today, the price can continue to move up from the level of 1.4110 (the closing of yesterday's daily candle) with the target of 1.4217 at the upper fractal (red dotted line). When testing this level, it is possible to go down with a target of 1.4042-8 average EMA (blue thin line).
Alternative scenario: from the level of 1.4110 (the closing of yesterday's daily candle), it may continue to move up with the target of 1.4217 at the upper fractal (red dotted line). When testing this level, it is possible to continue going up with the target of 1.4338 at the upper limit of the Bollinger Line indicator (the black dotted line).
