Trend analysis

The price from the level of 1.1789 (closing of the last weekly candle) may continue rising to the target of 1.1893 – the pullback level of 38.2% (blue dotted line). After reaching this level, the upward movement may extend to the target of 1.1964 – the pullback level of 50.0% (blue dotted line).

Figure 1 (weekly chart)

Comprehensive analysis:

• Indicator analysis - up
• Fibonacci levels - up
• Volumes - up
• Candlestick analysis - up
• Trend analysis - up
• Bollinger lines - up
• Monthly chart - up

An upward movement can be concluded based on a comprehensive analysis.

The overall result of the candlestick calculation based on the weekly chart: the price will most likely move in an upward trend, without a lower shadow (Monday - up) and with an upper shadow (Friday - down) in the weekly white candlestick.

The first upward target is the level of 1.1893 – the pullback level of 38.2% (blue dotted line). After reaching it, the price may further rise to the target of 1.1964 – the pullback level of 50.0% (blue dotted line).

Alternatively, the price from the level of 1.1789 (closing of the last weekly candle) may also further rise by testing the level of 1.1893 – the pullback level of 38.2% (blue dotted line). Once this level is reached, it may decline to the target of 1.1844 – 13 middle EMA (yellow thin line).