USDCHF, H4 bounced from our Pivot point, potential for a rise.
Description
Price bounced from our Pivot point at 0.90287 which is in line with 61.8%, 78.6%, 161.8%, -27% Fibonacci retracement and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.91005, a fibonacci confluence. It is worth noting that MACD is above the 0 line and price is above the Ichimoku clouds, in line with our bullish analysis.
Pivot: 0.90287
Why we like it:
61.8%, 78.6%, 161.8%, -27% Fibonacci retracement and horizontal graphical overlap
1st Support: 0.89752
Why we like it:
50%, 61.8%, 127% fibonacci retracement and horizontal graphical overlap
1st Resistance: 0.91005
Why we like it:
-27%, 78.6% fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price bounced from our Pivot point at 0.90287 which is in line with 61.8%, 78.6%, 161.8%, -27% Fibonacci retracement and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.91005, a fibonacci confluence. It is worth noting that MACD is above the 0 line and price is above the Ichimoku clouds, in line with our bullish analysis.
Pivot: 0.90287
Why we like it:
61.8%, 78.6%, 161.8%, -27% Fibonacci retracement and horizontal graphical overlap
1st Support: 0.89752
Why we like it:
50%, 61.8%, 127% fibonacci retracement and horizontal graphical overlap
1st Resistance: 0.91005
Why we like it:
-27%, 78.6% fibonacci retracement and horizontal graphical overlap.
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.