Trend analysis (Figure 1).
On Wednesday, the price moved up and touched the side channel. On Thursday, the market showed a high probability to continue its upward move. The complex analysis will accurately determine the further direction of the price.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - up;
- Fibonacci levels - neutral;
- volumes - upwards;
- candle analysis - neutral;
- trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
Yesterday, the market moved higher with the initial target at 1.2415 - the upper fractal.
* The presented market analysis is informative and does not constitute a guide to the transaction.