USDCHF, H4 has bounced from our Pivot, potential for a rise.
Description
Price is approaching our Pivot point at 0.92538, which is in line with 23.6%, 38.2% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical support. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.94298, a fibonacci confluence. It is worth noting that MACD is above the 0 line, in line with our bullish view.
Pivot: 0.92538
Why we like it:
23.6%, 38.2% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical support
1st Support: 0.91581
Why we like it:
88%, 61.8% fibonacci retracement and horizontal graphical support
1st Resistance: 0.94298
Why we like it:
-61.8% fibonacci retracement and 161.8% fibonacci extension
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 0.92538, which is in line with 23.6%, 38.2% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical support. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.94298, a fibonacci confluence. It is worth noting that MACD is above the 0 line, in line with our bullish view.
Pivot: 0.92538
Why we like it:
23.6%, 38.2% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical support
1st Support: 0.91581
Why we like it:
88%, 61.8% fibonacci retracement and horizontal graphical support
1st Resistance: 0.94298
Why we like it:
-61.8% fibonacci retracement and 161.8% fibonacci extension
Trading FX & CFDs carries high risk.
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.