Description
Price is approaching pivot level of 0.69841 where we have 50.0% Fibonacci retracement level & horizontal overlap resistance lining up. A reversal from this level might see price take support at 0.68838, which is in line with 78.6% Fibonacci retracement level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 0.70513, which coincides with 161.8% Fibonacci extension level & horizontal overlap resistance . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
0.69841
Why we like it:
50.0% Fibonacci retracement level & horizontal overlap resistance
1st Support:
Why we like it:
0.68838
78.6% Fibonacci retracement level & horizontal swing low support
1st Resistance:
Why we like it:
0.70513
161.8% Fibonacci extension level & horizontal overlap resistance
Trading FX & CFDs carries high risk.
Price is approaching pivot level of 0.69841 where we have 50.0% Fibonacci retracement level & horizontal overlap resistance lining up. A reversal from this level might see price take support at 0.68838, which is in line with 78.6% Fibonacci retracement level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 0.70513, which coincides with 161.8% Fibonacci extension level & horizontal overlap resistance . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
0.69841
Why we like it:
50.0% Fibonacci retracement level & horizontal overlap resistance
1st Support:
Why we like it:
0.68838
78.6% Fibonacci retracement level & horizontal swing low support
1st Resistance:
Why we like it:
0.70513
161.8% Fibonacci extension level & horizontal overlap 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.