Description
Price is breaking out of our Pivot point at 0.88485 which is in line with 23.6%, 127% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 0.87839, a fibonacci confluence. It is worth noting that the MACD is below the 0 line, in line with our bearish analysis.
Pivot: 0.88485
Why we like it:
23.6%, 127% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.87839
Why we like it:
78.6%, 88% Fibonacci retracement, 88%, 227% fibonacci extension and horizontal swing low support.
1st Resistance: 0.89264
Why we like it:
50% fibonacci retracement, 61.8%, 78.6% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is breaking out of our Pivot point at 0.88485 which is in line with 23.6%, 127% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 0.87839, a fibonacci confluence. It is worth noting that the MACD is below the 0 line, in line with our bearish analysis.
Pivot: 0.88485
Why we like it:
23.6%, 127% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.87839
Why we like it:
78.6%, 88% Fibonacci retracement, 88%, 227% fibonacci extension and horizontal swing low support.
1st Resistance: 0.89264
Why we like it:
50% fibonacci retracement, 61.8%, 78.6% fibonacci extension and horizontal graphical overlap.
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.