Trend analysis (Fig. 1).
Today, the market from the level of 1.4208 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.4232 - the upper fractal (red dotted line). After testing this level, it is possible to continue working upwards with the target of 1.4378 - the next upper fractal (yellow dashed line). Upon reaching this line, it is possible to work down.
Figure 1 (Daily Chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly chart - up.
General conclusion:
Today, the price from the level of 1.4208 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.4232 - the upper fractal (red dotted line). After testing this level, it is possible to continue working upwards with the target of 1.4378 - the next upper fractal (yellow dashed line). Upon reaching this line, it is possible to work down.
Alternative scenario: from the level of 1.4208 (closing of yesterday's daily candlestick), it will try to continue moving upwards with the target at 1.4232 - the upper fractal (red dotted line). After testing this line, it is possible to work downward with the target of 1.4162 - the retracement level of 14.6% (red dashed line).
