Description
Price is reversing from our Pivot of 111.000 which is in line with 78.6% fibonacci retracement and horizontal graphical swing high, where we could see a drop from this level to our 1st support level of 110.282, in line with 50% fibonacci retracement and 61.8% fibonacci extension. It is worth noting that Stochastics has previously reversed from the 94% level, in line with our bearish analysis.
Pivot: 111.000
Why we like it:
78.6% fibonacci retracement and horizontal graphical swing high
1st Support: 110.282
Why we like it:
50% fibonacci retracement and 61.8% fibonacci extension
1st Resistance: 111.357
Why we like it:
-27% fibonacci retracement and 100% fibonacci extension
Trading FX & CFDs carries high risk.
Price is reversing from our Pivot of 111.000 which is in line with 78.6% fibonacci retracement and horizontal graphical swing high, where we could see a drop from this level to our 1st support level of 110.282, in line with 50% fibonacci retracement and 61.8% fibonacci extension. It is worth noting that Stochastics has previously reversed from the 94% level, in line with our bearish analysis.
Pivot: 111.000
Why we like it:
78.6% fibonacci retracement and horizontal graphical swing high
1st Support: 110.282
Why we like it:
50% fibonacci retracement and 61.8% fibonacci extension
1st Resistance: 111.357
Why we like it:
-27% fibonacci retracement and 100% fibonacci extension
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.