#USDCAD, H4 is trending beneath our Pivot, potential for a drop.
Description:
Price is trending beneath our Pivot point at 1.20862, which is in line with 50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. We could potentially see a price drop here towards our 1st support level at 1.19987, in line with 161.8 % fibonacci retracement, 100% fibonacci extension and horizontal swing low support. It is worth noting that the price is under the Ichimoku cloud resistance and descending trendline, in line with our bearish analysis.
Pivot: 1.20862
Why we like it:
50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 1.19987
Why we like it:
161.8 % fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 1.21309
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is trending beneath our Pivot point at 1.20862, which is in line with 50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. We could potentially see a price drop here towards our 1st support level at 1.19987, in line with 161.8 % fibonacci retracement, 100% fibonacci extension and horizontal swing low support. It is worth noting that the price is under the Ichimoku cloud resistance and descending trendline, in line with our bearish analysis.
Pivot: 1.20862
Why we like it:
50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 1.19987
Why we like it:
161.8 % fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 1.21309
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance.
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.