Price is approaching pivot level of 1843.88 where we have 78.6% Fibonacci extension level, 23.6% Fibonacci retracement level & horizontal swing high resistance lining up. A reversal from this level might see price take support at 1814.17, which is in line with 50.0% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 1867,91, which coincides with & horizontal swing high resistance . This is further supported by how price is likely to reverse off the RSI resistance level.
Pivot:
1,843.88
Why we like it:
78.6% Fibonacci extension level, 23.6% Fibonacci retracement level & horizontal swing high resistance
1st Support:
1,814.170
50.0% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support
1st Resistance:
1867,91
& horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot:
1,843.88
Why we like it:
78.6% Fibonacci extension level, 23.6% Fibonacci retracement level & horizontal swing high resistance
1st Support:
1,814.170
50.0% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support
1st Resistance:
1867,91
& horizontal swing high 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.