Price is facing bullish pressure as it continues to hold above the ascending trendline support. We could potentially see a bounce at our 1st support at 150.953 in line with 50% Fibonacci retracement and 50% Fibonacci extension, and a further rise towards our 1st resistance at 152.449 which is in line with our 78.6% Fibonacci retracement and 23.6% Fibonacci extension . It is worth noting that the MACD is above the 0 line, showing bullish pressure in line with our analysis. Otherwise price may bearish towards 2nd support at 150.464 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.