Trend analysis (Fig. 1).
On Friday, the pair is likely to go up from 1.3069 (closing level of yesterday's daily candlestick) to the 1.3095 target, in line with the 38.2% retracement level (red dotted line). Should the quote test the mark, the pair would head towards the 1.3133 target, in line with the 50.0% retracement level (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 1.3069 (closing level of yesterday's daily candlestick) to the 1.3095 target, in line with the 38.2% retracement level (red dotted line). Should the quote test the mark, the pair would head towards the 1.3133 target, in line with the 50.0% retracement level (red dotted line).
Unlikely scenario: the price may go down from 1.3069 (closing level of yesterday's daily candlestick) to the lower fractal at 1.2972 (red dotted line). If the quote tests the target, the pair may rise to the 1.3018 target, in line with the 14.6% retracement level (red dotted line). Should the price test the 1.3018 level, the upward movement will extend.
