Description
Price has reversed from our Pivot of 109.961 which is in line with 61.8% fibonacci retracement, 161.8% fibonacci extension and moving average resistance, where we could see a drop from this level to our 1st Support level of 108.408, in line with 161.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support. Do note that price is trending under the moving average, in line with our bearish view.
Pivot: 109.961
Why we like it:
61.8% fibonacci retracement, 161.8% fibonacci extension and moving average resistance
1st Support: 108.408
Why we like it:
161.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 110.588
Why we like it:
78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price has reversed from our Pivot of 109.961 which is in line with 61.8% fibonacci retracement, 161.8% fibonacci extension and moving average resistance, where we could see a drop from this level to our 1st Support level of 108.408, in line with 161.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support. Do note that price is trending under the moving average, in line with our bearish view.
Pivot: 109.961
Why we like it:
61.8% fibonacci retracement, 161.8% fibonacci extension and moving average resistance
1st Support: 108.408
Why we like it:
161.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 110.588
Why we like it:
78.6% fibonacci retracement, 61.8% 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.