#USDCHF, H4 is above our Pivot, potential for a rise.
Description
Price may return to our Pivot point at 0.90971, which is in line with 161.8% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.91563, in line with our 61.8% fibonacci extension and horizontal swing high. It is worth noting that MACD is above the 0-line, in line with our bullish analysis.
Pivot: 0.90971
Why we like it:
161.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.90540
Why we like it:
50%, 78.6% fibonacci retracement and horizontal graphical overlap
1st Resistance: 0.91563
Why we like it:
61.8% fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
Price may return to our Pivot point at 0.90971, which is in line with 161.8% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.91563, in line with our 61.8% fibonacci extension and horizontal swing high. It is worth noting that MACD is above the 0-line, in line with our bullish analysis.
Pivot: 0.90971
Why we like it:
161.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.90540
Why we like it:
50%, 78.6% fibonacci retracement and horizontal graphical overlap
1st Resistance: 0.91563
Why we like it:
61.8% fibonacci extension and horizontal swing high
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.