Description
Price is reacting below our pivot level at 0.92136 which is in line with 61.8% Fibonacci retracement level, 76.4% Fibonacci extension level & horizontal swing high resistance. Price can potentially take support at 0.90607, which is in line with 61.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support. Alternatively, price may rise up to our resistance at 0.93087, which coincides with 127.2% Fibonacci retracement level & 161.8% Fibonacci extension level . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
0.92136
Why we like it:
61.8% Fibonacci retracement level, 76.4% Fibonacci extension level & horizontal swing high resistance
1st Support:
0.90607
61.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support
1st Resistance:
0.93087
127.2% Fibonacci retracement level & 161.8% Fibonacci extension level
Trading FX & CFDs carries high risk.
Price is reacting below our pivot level at 0.92136 which is in line with 61.8% Fibonacci retracement level, 76.4% Fibonacci extension level & horizontal swing high resistance. Price can potentially take support at 0.90607, which is in line with 61.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support. Alternatively, price may rise up to our resistance at 0.93087, which coincides with 127.2% Fibonacci retracement level & 161.8% Fibonacci extension level . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
0.92136
Why we like it:
61.8% Fibonacci retracement level, 76.4% Fibonacci extension level & horizontal swing high resistance
1st Support:
0.90607
61.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support
1st Resistance:
0.93087
127.2% Fibonacci retracement level & 161.8% Fibonacci extension level
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.