USDCHF, H4 bounced from our Pivot point, potential for a rise.
Description
Price bounced from our Pivot point at 0.89725 which is in line with 50% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90095, 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: 0.89725
Why we like it:
50% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.89440
Why we like it:
-27% fibonacci retracement, 200% fibonacci extension and horizontal swing low support.
1st Resistance: 0.90095
Why we like it:
-27%, 241.4% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price bounced from our Pivot point at 0.89725 which is in line with 50% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90095, 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: 0.89725
Why we like it:
50% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.89440
Why we like it:
-27% fibonacci retracement, 200% fibonacci extension and horizontal swing low support.
1st Resistance: 0.90095
Why we like it:
-27%, 241.4% fibonacci retracement, 61.8% fibonacci extension 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.