Price is consolidating below our pivot level at 1,796.49 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level and horizontal overlap resistance. Price could potentially drop towards support at 1,761.94, in line with 23.6% Fibonacci retracement level , 61.8% Fibonacci extension level and 50MA. Stochastic is also indicating bearish momentum for further downside.
Alternatively, price may bounces to our resistance at 1,815.56, which coincides with -61.8% Fibonacci retracement level and 161.8% Fibonacci extension level.
Pivot:
1,796.49
Why we like it:
-27.2% Fibonacci retracement level and 78.6% Fibonacci extension level and horizontal overlap resistance
1st Support:
1,761.94
23.6% Fibonacci retracement level , 61.8% Fibonacci extension level and 50MA
1st Resistance:
1,815.56
-61.8% Fibonacci retracement level and 161.8% Fibonacci extension level
Trading FX & CFDs carries high risk
Alternatively, price may bounces to our resistance at 1,815.56, which coincides with -61.8% Fibonacci retracement level and 161.8% Fibonacci extension level.
Pivot:
1,796.49
Why we like it:
-27.2% Fibonacci retracement level and 78.6% Fibonacci extension level and horizontal overlap resistance
1st Support:
1,761.94
23.6% Fibonacci retracement level , 61.8% Fibonacci extension level and 50MA
1st Resistance:
1,815.56
-61.8% Fibonacci retracement level and 161.8% Fibonacci extension level
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.