Trend analysis (Fig. 1).
On Friday, the pair is likely to go up from 1.0828 (closing level of yesterday's daily candlestick) to the 1.0857 target, in line with the 23.6% retracement level (red dotted line). Should the quote test the mark, the pair would head towards the 1.0757 target, in line with the lower fractal (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
- indicator analysis - up
- Fibonacci analysis - up
- volume analysis - up
- candlestick analysis - up
- trend analysis - up
- Bollinger bands analysis - up
- weekly chart analysis - up
Final thoughts:
Today, the pair is likely to go up from 1.0828 (closing level of yesterday's daily candlestick) to the 1.0857 target, in line with the 23.6% retracement level (red dotted line). Should the quote test the mark, the pair would head towards the 1.0757 target, in line with the lower fractal (red dotted line).
Alternative scenario: the price may rise from 1.0828 (closing level of yesterday's daily candlestick) to the lower fractal at 1.0757 (red dotted line). If the quote tests the target, the upward move will extend.
