Price is approaching pivot level of 1777.79 where we have 127.2% Fibonacci extension level, 78.6% Fibonacci retracement level & horizontal overlap support lining up. A reversal from this level might see price take support at 1742.02, which is in line with 38.2% Fibonacci retracement level, 50.0% Fibonacci extension level & horizontal pullback support. Finally, price is unlikely to surpass our strong resistance at 1787, which coincides with 61.8% Fibonacci retracement level horizontal overlap support & 161.8% Fibonacci extension level . This is further supported by price holding below MA.
Pivot:
1,777.79
Why we like it:
127.2% Fibonacci extension level, 78.6% Fibonacci retracement level & horizontal overlap support
1st Support:
1,742.020
Why we like it:
38.2% Fibonacci retracement level, 50.0% Fibonacci extension level & horizontal pullback support
1st Resistance:
1,787.000
Why we like it:
61.8% Fibonacci retracement level horizontal overlap support & 161.8% Fibonacci extension level
Trading FX & CFDs carries high risk.
Pivot:
1,777.79
Why we like it:
127.2% Fibonacci extension level, 78.6% Fibonacci retracement level & horizontal overlap support
1st Support:
1,742.020
Why we like it:
38.2% Fibonacci retracement level, 50.0% Fibonacci extension level & horizontal pullback support
1st Resistance:
1,787.000
Why we like it:
61.8% Fibonacci retracement level horizontal overlap support & 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.