Description
Price is reversing to our Pivot point of 0.75898, which is in line with our 38.2%, 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap, where we could see a potential bounce at this level to our first resistance level of 0.76663, in line with 61.8% Fibonacci extension and -27% fibonacci retracement. It is worth noting that price is trending above the Ichimoku cloud, and an ascending trendline which is showing bullish momentum in line with our analysis.
Pivot: 0.75898
Why we like it:
38.2%, 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 0.75604
Why we like it:
61.8%, 78.6% Fibonacci retracement, 127% Fibonacci extension and ascending trendline support.
1st Resistance: 0.76663
Why we like it:
61.8% Fibonacci extension and -27% fibonacci retracement
Trading FX & CFDs carries high risk.
Price is reversing to our Pivot point of 0.75898, which is in line with our 38.2%, 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap, where we could see a potential bounce at this level to our first resistance level of 0.76663, in line with 61.8% Fibonacci extension and -27% fibonacci retracement. It is worth noting that price is trending above the Ichimoku cloud, and an ascending trendline which is showing bullish momentum in line with our analysis.
Pivot: 0.75898
Why we like it:
38.2%, 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 0.75604
Why we like it:
61.8%, 78.6% Fibonacci retracement, 127% Fibonacci extension and ascending trendline support.
1st Resistance: 0.76663
Why we like it:
61.8% Fibonacci extension and -27% fibonacci retracement
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.