Description
Price is reacting below key pivot level of 1795.01 where we have 127.2% Fibonacci retracement level & horizontal swing high resistance lining up. A drop below this level might see price take support at 1734.01, which is in line with 161.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 1855.35, which coincides with 61.8% Fibonacci retracement level & horizontal pullback resistance . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
1,795.01
Why we like it:
127.2% Fibonacci retracement level horizontal swing high resistance
1st Support:
1,734.01
161.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal swing low support
1st Resistance:
1,855.35
61.8% Fibonacci retracement level & horizontal pullback resistance
Trading FX & CFDs carries high risk.
Price is reacting below key pivot level of 1795.01 where we have 127.2% Fibonacci retracement level & horizontal swing high resistance lining up. A drop below this level might see price take support at 1734.01, which is in line with 161.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 1855.35, which coincides with 61.8% Fibonacci retracement level & horizontal pullback resistance . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
1,795.01
Why we like it:
127.2% Fibonacci retracement level horizontal swing high resistance
1st Support:
1,734.01
161.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal swing low support
1st Resistance:
1,855.35
61.8% Fibonacci retracement level & 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.