#USDCHF approaching pivot, potential for a rise!
Description
Price has broken above our pivot level at 0.91869 which is in line with 78.6% Fibonacci retracement level and horizontal swing low support . We could potentially see a further rise from here towards 0.92668, which coincides with 50.0% Fibonacci retracement level and horizontal swing high resistance. Alternatively, we may see price drop to 1st support at 0.91049, which coincides with horizontal swing low support . This is further supported by how price is testing the support of the stochastics indicator.
Pivot:
0.91869
Why we like it:
78.6% Fibonacci retracement level and horizontal swing low support
1st Support:
0.91049
Why we like it:
Horizontal swing low support
1st Resistance:
0.92668
Why we like it:
50.0% Fibonacci retracement level and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price has broken above our pivot level at 0.91869 which is in line with 78.6% Fibonacci retracement level and horizontal swing low support . We could potentially see a further rise from here towards 0.92668, which coincides with 50.0% Fibonacci retracement level and horizontal swing high resistance. Alternatively, we may see price drop to 1st support at 0.91049, which coincides with horizontal swing low support . This is further supported by how price is testing the support of the stochastics indicator.
Pivot:
0.91869
Why we like it:
78.6% Fibonacci retracement level and horizontal swing low support
1st Support:
0.91049
Why we like it:
Horizontal swing low support
1st Resistance:
0.92668
Why we like it:
50.0% Fibonacci retracement level 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.