USDCAD, H4 is bouncing from our Pivot, potential for a rise.
Description:
Price is currently testing our Pivot point at 1.24759, which is in line with 61.8%, 100% fibonacci extension and horizontal graphical area. We could potentially see price rise towards our 1st resistance level at 1.25744, a fibonacci confluence. It is worth noting Stochastics is showing bullish pressure where price has previous bounced from the 5% level, in line with our bullish analysis.
Pivot: 1.24759
Why we like it:
61.8%, 100% fibonacci extension and horizontal graphical area
1st Support: 1.24109
Why we like it:
-27%% Fibonacci retracement, 100% and 127% fibonacci extension
1st Resistance: 1.25744
Why we like it:
50%, 88% Fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is currently testing our Pivot point at 1.24759, which is in line with 61.8%, 100% fibonacci extension and horizontal graphical area. We could potentially see price rise towards our 1st resistance level at 1.25744, a fibonacci confluence. It is worth noting Stochastics is showing bullish pressure where price has previous bounced from the 5% level, in line with our bullish analysis.
Pivot: 1.24759
Why we like it:
61.8%, 100% fibonacci extension and horizontal graphical area
1st Support: 1.24109
Why we like it:
-27%% Fibonacci retracement, 100% and 127% fibonacci extension
1st Resistance: 1.25744
Why we like it:
50%, 88% Fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
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.