USDCAD, H4 is approaching our Pivot, potential for a bounce.
Description:
Price is approaching our Pivot point at 1.26992, which is in line with 78.6%, -61.8% Fibonacci retracement, 78.6% Fibonacci extension and descending trendline support. We could potentially see price rise towards our 1st resistance level at 1.27714. It is worth noting that price is also trending above a tentative ascending trendline, in line with our bullish view.
Pivot: 1.26917
Why we like it:
38.2%, 61.8% Fibonacci retracement, 78.6% Fibonacci extension and descending trendline support.
1st Support: 1.26490
Why we like it:
61.8%, 127% Fibonacci extension, -27% fibonacci retracement and horizontal swing low support.
1st Resistance: 1.27673
Why we like it:
78.6%, -27% Fibonacci retracement, 100% fibonacci extension and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.26992, which is in line with 78.6%, -61.8% Fibonacci retracement, 78.6% Fibonacci extension and descending trendline support. We could potentially see price rise towards our 1st resistance level at 1.27714. It is worth noting that price is also trending above a tentative ascending trendline, in line with our bullish view.
Pivot: 1.26917
Why we like it:
38.2%, 61.8% Fibonacci retracement, 78.6% Fibonacci extension and descending trendline support.
1st Support: 1.26490
Why we like it:
61.8%, 127% Fibonacci extension, -27% fibonacci retracement and horizontal swing low support.
1st Resistance: 1.27673
Why we like it:
78.6%, -27% Fibonacci retracement, 100% fibonacci extension and horizontal graphical resistance.
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.