Trend Analysis (Fig. 1).
Today, the market will try to continue moving up from the level of 1.3818 (the close of yesterday's daily candle) with the target of 1.3944 – a pullback level of 85.4% (yellow dotted line). When testing this level, it is possible to move up with the target of 1.4015 at the upper fractal (daily candle from 03/04/2021).
Figure 1 (daily chart).
Comprehensive Analysis:
- Indicator Analysis – up
- Fibonacci Levels – up
- Volumes – up
- Candle Analysis – up
- Trend Analysis – up
- Bollinger Bands – down
- Weekly Chart - up
General Conclusion:
Today, the price will try to continue moving up from the level of 1.3818 (the close of yesterday's daily candle) with the target of 1.3944 – a pullback level of 85.4% (yellow dotted line). When testing this level, it is possible to move up with the target of 1.4015 at the upper fractal (daily candle from 03/04/.2021).
An unlikely scenario: from the level of 1.818 (the close of yesterday's daily candle), it will try to continue moving down with the target of 1.3639 – the lower border of the Bollinger Line indicator (the black dotted line). When testing this level, it is possible to go down with the target of 1.3562 – a pullback level of 23.6% (red dotted line).
