Description:
Price is approaching our pivot 0.78059, a fibonacci confluence area. We could see a medium-probability bearish scenario, with 1st support at 0.77685 as a potential target . Otherwise, failure to hold under pivot could see price swing higher towards 1st resistance at 0.78495. It’s noteworthy that Stochastics is showing bearish pressure where price has previously reacted off the 85% level.
Pivot: 0.78059
Supporting Points:
161.8%, 161.8% fibonacci retracement and 78.6% Fibonacci extension
1st Support: 0.77685
Supporting Points:
127%, 78.6% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area
1st Resistance: 0.78495
Supporting Points:
261.8% Fibonacci retracement and 127% fibonacci extension.
Trading FX & CFDs carries high risk.
Price is approaching our pivot 0.78059, a fibonacci confluence area. We could see a medium-probability bearish scenario, with 1st support at 0.77685 as a potential target . Otherwise, failure to hold under pivot could see price swing higher towards 1st resistance at 0.78495. It’s noteworthy that Stochastics is showing bearish pressure where price has previously reacted off the 85% level.
Pivot: 0.78059
Supporting Points:
161.8%, 161.8% fibonacci retracement and 78.6% Fibonacci extension
1st Support: 0.77685
Supporting Points:
127%, 78.6% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area
1st Resistance: 0.78495
Supporting Points:
261.8% Fibonacci retracement and 127% fibonacci extension.
Trading FX & CFDs carries high risk.
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.