Description
Price has broken above our pivot level at 1.24305 which is in line with 50.0% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap support . We could potentially see a further rise from here towards 1.24997, which coincides with 78.6% Fibonacci extension levelhorizontal swing high resistance. Finally, we can expect price to take support at 1.23878, which coincides with 127.2% Fibonacci extension levelhorizontal swing low support . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
1.24305
Why we like it:
50.0% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap support
1st Support:
1.23878
Why we like it:
127.2% Fibonacci extension level horizontal swing low support
1st Resistance:
1.24997
Why we like it:
78.6% Fibonacci extension level horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price has broken above our pivot level at 1.24305 which is in line with 50.0% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap support . We could potentially see a further rise from here towards 1.24997, which coincides with 78.6% Fibonacci extension levelhorizontal swing high resistance. Finally, we can expect price to take support at 1.23878, which coincides with 127.2% Fibonacci extension levelhorizontal swing low support . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
1.24305
Why we like it:
50.0% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap support
1st Support:
1.23878
Why we like it:
127.2% Fibonacci extension level horizontal swing low support
1st Resistance:
1.24997
Why we like it:
78.6% Fibonacci extension level 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.