USDCAD, D1 has reversed from our Pivot, potential for a drop.
Description:
Price has reversed from our Pivot point at 1.27107, which is in line with 61.8%, 78.6% Fibonacci retracement, descending trendline resistance and horizontal graphical overlap. We could potentially see price drop towards our 1st support level at 1.24937, a fibonacci confluence. It is worth noting that price is trending under the descending trendline, in line with our bearish analysis.
Pivot: 1.27107
Why we like it:
61.8%, 78.6% Fibonacci retracement, descending trendline resistance and horizontal graphical overlap
1st Support: 1.24937
Why we like it:
61.8% Fibonacci retracement, 61.8% fibonacci extension and horizontal swing low support.
1st Resistance: 1.28566
Why we like it:
161.8% Fibonacci retracement, 127%, 100% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price has reversed from our Pivot point at 1.27107, which is in line with 61.8%, 78.6% Fibonacci retracement, descending trendline resistance and horizontal graphical overlap. We could potentially see price drop towards our 1st support level at 1.24937, a fibonacci confluence. It is worth noting that price is trending under the descending trendline, in line with our bearish analysis.
Pivot: 1.27107
Why we like it:
61.8%, 78.6% Fibonacci retracement, descending trendline resistance and horizontal graphical overlap
1st Support: 1.24937
Why we like it:
61.8% Fibonacci retracement, 61.8% fibonacci extension and horizontal swing low support.
1st Resistance: 1.28566
Why we like it:
161.8% Fibonacci retracement, 127%, 100% fibonacci extension and horizontal swing high 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.