AUDUSD, H4 bouncing from our Pivot point, potential for a rise
Description
Price is bouncing from our Pivot point of 0.76569, which is in line with our 50% fibonacci retracement, 127%, 61.8% Fibonacci extension, horizontal graphical overlap and ascending trendline support, where we could see a potential rise from this level to our first resistance level of 0.77682, 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: 0.76569
Why we like it:
38.2% and 38.2% % fibonacci retracement and horizontal graphical overlap
1st Support: 0.76150
Why we like it:
127%, -27% fibonacci retracement and horizontal graphical overlap
1st Resistance: 0.77682
Why we like it:
127% and -27% fibonacci retracement
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point of 0.76569, which is in line with our 50% fibonacci retracement, 127%, 61.8% Fibonacci extension, horizontal graphical overlap and ascending trendline support, where we could see a potential rise from this level to our first resistance level of 0.77682, 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: 0.76569
Why we like it:
38.2% and 38.2% % fibonacci retracement and horizontal graphical overlap
1st Support: 0.76150
Why we like it:
127%, -27% fibonacci retracement and horizontal graphical overlap
1st Resistance: 0.77682
Why we like it:
127% and -27% fibonacci retracement
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.