Type: Bearish Momentum
Resistance: 1.01315
Pivot: 0.99670
Support: 0.95785
Preferred Case: On H4, as the price moving to test the descending trendlines , we have a bearish bias that the price may drop from the pivot at 0.99670, which is in line with the 23.6% fibonacci retracement to the 1st support at 0.95785 where the swing low is.
Alternative scenario: Alternatively, the price may rise to the 1st resistance at 1.01315, which is in line with the overlap resistance.
Fundamentals: There are no major news.
Resistance: 1.01315
Pivot: 0.99670
Support: 0.95785
Preferred Case: On H4, as the price moving to test the descending trendlines , we have a bearish bias that the price may drop from the pivot at 0.99670, which is in line with the 23.6% fibonacci retracement to the 1st support at 0.95785 where the swing low is.
Alternative scenario: Alternatively, the price may rise to the 1st resistance at 1.01315, which is in line with the overlap resistance.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.