Description:
Price has reversed from our Pivot point at 1.40098, in line with 50% Fibonacci retracement, 100% fibonacci extension, and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.38275, in line with 61.8%, 78.6% fibonacci retracement, 78.6% fibonacci extension and graphical swing low support. Note that Stochastics is showing bearish pressure where price has previously reversed from the 95% level.
Pivot: 1.40098
Why we like it:
50% Fibonacci retracement, 100% fibonacci extension, and horizontal graphical overlap
1st Support: 1.38275
Why we like it:
61.8%, 78.6% fibonacci retracement, 78.6% fibonacci extension and graphical swing low support
1st Resistance: 1.41458
Why we like it:
-61.8%, 78.6% Fibonacci retracement, 200% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price has reversed from our Pivot point at 1.40098, in line with 50% Fibonacci retracement, 100% fibonacci extension, and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 1.38275, in line with 61.8%, 78.6% fibonacci retracement, 78.6% fibonacci extension and graphical swing low support. Note that Stochastics is showing bearish pressure where price has previously reversed from the 95% level.
Pivot: 1.40098
Why we like it:
50% Fibonacci retracement, 100% fibonacci extension, and horizontal graphical overlap
1st Support: 1.38275
Why we like it:
61.8%, 78.6% fibonacci retracement, 78.6% fibonacci extension and graphical swing low support
1st Resistance: 1.41458
Why we like it:
-61.8%, 78.6% Fibonacci retracement, 200% 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.