Type : Bullish Pressure
Resistance : 4.7730
Pivot: 4.7000
Support : 4.6415
Preferred Case: Price is near pivot level of 4.7000 in line with 50% Fibonacci retracement . Price can potentially rise up to the 1st resistance level at 4.7730, in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection . Our bullish bias is further supported by the stochastic indicator where it is at resistance level .
Alternative scenario: Price might also dip towards the 1st support level of 4.6415 in line with a graphical swing low support.
Fundamentals: No Major News
Resistance : 4.7730
Pivot: 4.7000
Support : 4.6415
Preferred Case: Price is near pivot level of 4.7000 in line with 50% Fibonacci retracement . Price can potentially rise up to the 1st resistance level at 4.7730, in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection . Our bullish bias is further supported by the stochastic indicator where it is at resistance level .
Alternative scenario: Price might also dip towards the 1st support level of 4.6415 in line with a graphical swing low support.
Fundamentals: No Major News
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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.