USDCHF, H4 is approaching our Pivot, potential for a drop.
Description
Price is approaching our Pivot point at 0.92478, which is in line with 38.2%, 61.8% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.91914, in line with -27%, 78.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. It is worth noting that price is trending under the descending trendline, Ichimoku cloud, and MACD is beneath the 0 line, all in line with our bearish analysis.
Pivot: 0.92478
Why we like it:
38.2%, 61.8% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.91914
Why we like it:
-27%, 78.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.92871
Why we like it:
88% fibonacci retracement, 127% fibonacci extension level and horizontal swing high
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 0.92478, which is in line with 38.2%, 61.8% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.91914, in line with -27%, 78.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. It is worth noting that price is trending under the descending trendline, Ichimoku cloud, and MACD is beneath the 0 line, all in line with our bearish analysis.
Pivot: 0.92478
Why we like it:
38.2%, 61.8% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.91914
Why we like it:
-27%, 78.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.92871
Why we like it:
88% fibonacci retracement, 127% fibonacci extension level 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.