USDCHF, H4 is bouncing from our Pivot, potential for a rise.
Description
Price is bouncing from our Pivot point at 0.89648, which is in line with 50% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90140, a fibonacci confluence. It is worth noting that the price is above the ascending trendline, in line with our bullish analysis.
Pivot: 0.89648
Why we like it:
50% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap
1st Support: 0.88633
Why we like it:
-27% fibonacci retracement and 161.8% fibonacci extension
1st Resistance: 0.90140
Why we like it:
-27%, 127% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point at 0.89648, which is in line with 50% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90140, a fibonacci confluence. It is worth noting that the price is above the ascending trendline, in line with our bullish analysis.
Pivot: 0.89648
Why we like it:
50% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap
1st Support: 0.88633
Why we like it:
-27% fibonacci retracement and 161.8% fibonacci extension
1st Resistance: 0.90140
Why we like it:
-27%, 127% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap.
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.