In my previous NVCN analysis I indicated the increase of the pulse. This has arrived now. The current analysis predicts an additional rise. Why? The exchange rates impulse fractal movement. The pulse fractal (due to the fractal property) is a rise in the FIBO sequence. 1-2-3-5-etc. Currently 1X-2X fractal is ready. Now we are waiting for the 3X fractal. The other is that the exchange rate is closed above the ATR axis, which is also the connecting axis of past peaks. I'm waiting for a test and a further rise. The exchange rate target price is 1.4437 usd.
Yorum:
The correction wave has increased. Nevertheless, the analysis and target price are still maintained.