Dolar A.S. / Dolar KanadaSingkat
USDCAD, H4 has reversed from our Pivot, potential for a drop.
Description:
Price has reversed from our Pivot point at 1.26262, which is in line with 61.8% Fibonacci retracement and 61.8% fibonacci extension. We could potentially see price drop towards our 1st support level at 1.25318, a fibonacci confluence. It is worth noting that price is trending under the descending trendline, in line with our bearish analysis.
Pivot: 1.26262
Why we like it:
61.8% Fibonacci retracement and 61.8% fibonacci extension
1st Support: 1.25318
Why we like it:
78.6%, -27%, -68% Fibonacci retracement and 161.8% fibonacci extension
1st Resistance: 1.27133
Why we like it:
78.6%, 78.6%, 127% Fibonacci retracement, descending trendline resistance and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price has reversed from our Pivot point at 1.26262, which is in line with 61.8% Fibonacci retracement and 61.8% fibonacci extension. We could potentially see price drop towards our 1st support level at 1.25318, a fibonacci confluence. It is worth noting that price is trending under the descending trendline, in line with our bearish analysis.
Pivot: 1.26262
Why we like it:
61.8% Fibonacci retracement and 61.8% fibonacci extension
1st Support: 1.25318
Why we like it:
78.6%, -27%, -68% Fibonacci retracement and 161.8% fibonacci extension
1st Resistance: 1.27133
Why we like it:
78.6%, 78.6%, 127% Fibonacci retracement, descending trendline resistance 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.