Description
Price has reversed from our Pivot point of 0.76521, which is in line with our 78.6%, 61.8%, 50% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap, where we could see a potential drop from this level to our first support level of 0.75446, in line with -27%, -27%, 78.6% fibonacci retracement and horizontal swing-low resistance. It is noteworthy that price is trending under the Ichimoku cloud and MACD is below the 0 line, in line with our bearish analysis.
Pivot: 0.76521
Why we like it:
78.6%, 61.8%, 50% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 0.75446
Why we like it:
-27%, -27%, 78.6% fibonacci retracement and horizontal swing-low resistance
1st Resistance: 0.77084
Why we like it:
61.8% fibonacci retracement, 127 fibonacci extension and horizontal swing-high resistance
Trading FX & CFDs carries high risk.
Price has reversed from our Pivot point of 0.76521, which is in line with our 78.6%, 61.8%, 50% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap, where we could see a potential drop from this level to our first support level of 0.75446, in line with -27%, -27%, 78.6% fibonacci retracement and horizontal swing-low resistance. It is noteworthy that price is trending under the Ichimoku cloud and MACD is below the 0 line, in line with our bearish analysis.
Pivot: 0.76521
Why we like it:
78.6%, 61.8%, 50% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 0.75446
Why we like it:
-27%, -27%, 78.6% fibonacci retracement and horizontal swing-low resistance
1st Resistance: 0.77084
Why we like it:
61.8% fibonacci retracement, 127 fibonacci extension and horizontal swing-high resistance
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.