USDCHF, H4 bounced from our Pivot point, potential for a rise.
Description
Price approaching our Pivot point at 0.88825 which is in line with 50%, 61.8% Fibonacci retracement and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.89195, a fibonacci confluence. It is worth noting that MACD is above the 0 line, in line with our bullish analysis.
Pivot: 0.88825
Why we like it:
78.6% Fibonacci retracement, 50%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.88553
Why we like it:
78.6%, -27% fibonacci extension and horizontal swing low support.
1st Resistance: 0.89195
Why we like it:
161.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price approaching our Pivot point at 0.88825 which is in line with 50%, 61.8% Fibonacci retracement and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.89195, a fibonacci confluence. It is worth noting that MACD is above the 0 line, in line with our bullish analysis.
Pivot: 0.88825
Why we like it:
78.6% Fibonacci retracement, 50%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.88553
Why we like it:
78.6%, -27% fibonacci extension and horizontal swing low support.
1st Resistance: 0.89195
Why we like it:
161.8% fibonacci retracement, 100% 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.