AUDUSD, H4 heading towards our Pivot point, potential for drop.
Price is approaching our Pivot point at 0.76554, in line with 38.2%, 88% Fibonacci retracement, 50%, 78.6% fibonacci extension and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 0.75727, a fibonacci confluence area. It is worth noting that MACD is below the 0 line, in line with our bearish analysis.
Pivot: 0.76554
Why we like it:
38.2%, 88% Fibonacci retracement, 50%, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 0.75727
Why we like it:
127% Fibonacci retracement and 127% fibonacci extension.
1st Resistance: 0.77193
Why we like it:
78.6% fibonacci retracement 88% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 0.76554, in line with 38.2%, 88% Fibonacci retracement, 50%, 78.6% fibonacci extension and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 0.75727, a fibonacci confluence area. It is worth noting that MACD is below the 0 line, in line with our bearish analysis.
Pivot: 0.76554
Why we like it:
38.2%, 88% Fibonacci retracement, 50%, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 0.75727
Why we like it:
127% Fibonacci retracement and 127% fibonacci extension.
1st Resistance: 0.77193
Why we like it:
78.6% fibonacci retracement 88% fibonacci extension and horizontal graphical overlap.
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.