AUDUSD, H4 bounced from our Pivot point, potential for a rise
Description
Price bounced from our Pivot point of 0.77619, which is in line with our 38.2%, 78.6% Fibonacci retracement, 127%, 61.8% fibonacci extension and horizontal graphical overlap, where we could see a potential rise from this level to our first resistance level of 0.78786, in line with a fibonacci confluence. It is noteworthy that price is trending above an ascending trendline and the Ichimoku cloud, in line with our bullish analysis.
Pivot: 0.77619
Why we like it:
38.2%, 78.6% Fibonacci retracement, 127%, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.77107
Why we like it:
61.8%, 127% fibonacci retracement, 127%, 61.8% fibonacci extension and ascending trendline support
1st Resistance: 0.78786
Why we like it:
-27% Fibonacci retracement and 127% fibonacci extension
Trading FX & CFDs carries high risk.
Price bounced from our Pivot point of 0.77619, which is in line with our 38.2%, 78.6% Fibonacci retracement, 127%, 61.8% fibonacci extension and horizontal graphical overlap, where we could see a potential rise from this level to our first resistance level of 0.78786, in line with a fibonacci confluence. It is noteworthy that price is trending above an ascending trendline and the Ichimoku cloud, in line with our bullish analysis.
Pivot: 0.77619
Why we like it:
38.2%, 78.6% Fibonacci retracement, 127%, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.77107
Why we like it:
61.8%, 127% fibonacci retracement, 127%, 61.8% fibonacci extension and ascending trendline support
1st Resistance: 0.78786
Why we like it:
-27% Fibonacci retracement and 127% fibonacci extension
Trading FX & CFDs carries high risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.