NZDUSD, H4 approaching our Pivot point. Potential for rise.
Description:
Price is approaching our Pivot point of 0.71145, which is in line with 38.2% Fibonacci retracement, 88% Fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.71714, in line with 100%, 50% Fibonacci extension and horizontal swing high is possible. It is worth noting that price is trending above EMA (89) and ascending trendline in line with our bullish momentum.
Pivot: 0.71145
Why we like it:
38.2% Fibonacci retracement, 88% Fibonacci extension and horizontal graphical overlap
1st Support: 0.70785
Why we like it:
61.8% and 78.6 Fibonacci retracement
1st Resistance: 0.71714
Why we like it:
100%, 50% Fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point of 0.71145, which is in line with 38.2% Fibonacci retracement, 88% Fibonacci extension and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.71714, in line with 100%, 50% Fibonacci extension and horizontal swing high is possible. It is worth noting that price is trending above EMA (89) and ascending trendline in line with our bullish momentum.
Pivot: 0.71145
Why we like it:
38.2% Fibonacci retracement, 88% Fibonacci extension and horizontal graphical overlap
1st Support: 0.70785
Why we like it:
61.8% and 78.6 Fibonacci retracement
1st Resistance: 0.71714
Why we like it:
100%, 50% Fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.