Description:
Price has reversed from our Pivot point at 1.38233, in line with 78.6% fibonacci retracement, 61.8%, 78.6% fibonacci extension, descending trendline and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.37075, in line with 78.6% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low. Note that Stochastics is showing bearish pressure as price has previously reacted off the 83% level.
Pivot: 1.38233
Why we like it:
78.6% fibonacci retracement, 61.8%, 78.6% fibonacci extension, descending trendline and horizontal graphical overlap
1st Support: 1.37075
Why we like it:
78.6% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low
1st Resistance: 1.39161
Why we like it:
127% fibonacci extension and descending trendline resistance.
Trading FX & CFDs carries high risk.
Price has reversed from our Pivot point at 1.38233, in line with 78.6% fibonacci retracement, 61.8%, 78.6% fibonacci extension, descending trendline and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.37075, in line with 78.6% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low. Note that Stochastics is showing bearish pressure as price has previously reacted off the 83% level.
Pivot: 1.38233
Why we like it:
78.6% fibonacci retracement, 61.8%, 78.6% fibonacci extension, descending trendline and horizontal graphical overlap
1st Support: 1.37075
Why we like it:
78.6% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low
1st Resistance: 1.39161
Why we like it:
127% fibonacci extension and descending trendline 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.