Description:
Price is approaching our pivot level where the 50% Fibonacci extension, 78.6% Fibonacci retracement and horizontal swing high resistance are. With Stochastics showing bearish pressure, it is possible to see a medium probability bearish scenario below pivot level, with 1st support at 103.698 as a potential target. Otherwise, failing to break above the pivot would see price swing towards 1st resistance where the 61.8% Fibonacci extension is.
Pivot: 103.890
Supporting Points:
50% Fibonacci extension, 78.6% Fibonacci retracement and horizontal swing high resistance
1st Support: 103.698
Supporting Points:
50% Fibonacci extension & horizontal overlap support
1st Resistance: 103.992
Supporting Points:
61.8% Fibonacci extension and horizontal pullback resistance
Trading FX & CFDs carries high risk.
Price is approaching our pivot level where the 50% Fibonacci extension, 78.6% Fibonacci retracement and horizontal swing high resistance are. With Stochastics showing bearish pressure, it is possible to see a medium probability bearish scenario below pivot level, with 1st support at 103.698 as a potential target. Otherwise, failing to break above the pivot would see price swing towards 1st resistance where the 61.8% Fibonacci extension is.
Pivot: 103.890
Supporting Points:
50% Fibonacci extension, 78.6% Fibonacci retracement and horizontal swing high resistance
1st Support: 103.698
Supporting Points:
50% Fibonacci extension & horizontal overlap support
1st Resistance: 103.992
Supporting Points:
61.8% Fibonacci extension and horizontal pullback 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.