USDCHF, H4 is at our Pivot point, potential for a bounce.
Description
Price is at our Pivot point at 0.89106 which is in line with 23.6%, 78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.89325, a fibonacci confluence. It is worth noting that price is above an ascending trendline and moving average, in line with our bullish analysis.
Pivot: 0.89106
Why we like it:
23.6%, 78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.88917
Why we like it:
38.2%, 61.8% fibonacci retracement and moving average support.
1st Resistance: 0.89325
Why we like it:
127%, -27% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is at our Pivot point at 0.89106 which is in line with 23.6%, 78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.89325, a fibonacci confluence. It is worth noting that price is above an ascending trendline and moving average, in line with our bullish analysis.
Pivot: 0.89106
Why we like it:
23.6%, 78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.88917
Why we like it:
38.2%, 61.8% fibonacci retracement and moving average support.
1st Resistance: 0.89325
Why we like it:
127%, -27% fibonacci retracement, 100% 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.