Description
Price is approaching pivot level of 1.18 where we have 50.0% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap resistance lining up. A reversal from this level might see price take support at 1.17518, which is in line with 61.8% Fibonacci extension level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 1.18306, which coincides with 78.6% Fibonacci retracement level & 127.2% Fibonacci extension level . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
1.18000
Why we like it:
50.0% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap resistance
1st Support:
1.17518
61.8% Fibonacci extension level & horizontal swing low support
1st Resistance:
1.18306
78.6% Fibonacci retracement level & 127.2% Fibonacci extension level
Trading FX & CFDs carries high risk.
Price is approaching pivot level of 1.18 where we have 50.0% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap resistance lining up. A reversal from this level might see price take support at 1.17518, which is in line with 61.8% Fibonacci extension level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 1.18306, which coincides with 78.6% Fibonacci retracement level & 127.2% Fibonacci extension level . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
1.18000
Why we like it:
50.0% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap resistance
1st Support:
1.17518
61.8% Fibonacci extension level & horizontal swing low support
1st Resistance:
1.18306
78.6% Fibonacci retracement level & 127.2% Fibonacci extension level
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.