#USDCHF, H4 is above our Pivot, potential for a rise.
Description
Price is above our Pivot point at 0.91869, which is in line with 23.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.93700, in line with our 61.8%, 78.6% fibonacci retracement, 161.8% fibonacci extension and horizontal swing high. It is worth noting that MACD is above the 0-line, in line with our bullish analysis.
Pivot: 0.91869
Why we like it:
23.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
1st Support: 0.90454
Why we like it:
61.8% fibonacci retracement, 161.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.93684
Why we like it:
61.8%, 78.6% fibonacci retracement, 161.8% fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
Price is above our Pivot point at 0.91869, which is in line with 23.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.93700, in line with our 61.8%, 78.6% fibonacci retracement, 161.8% fibonacci extension and horizontal swing high. It is worth noting that MACD is above the 0-line, in line with our bullish analysis.
Pivot: 0.91869
Why we like it:
23.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
1st Support: 0.90454
Why we like it:
61.8% fibonacci retracement, 161.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.93684
Why we like it:
61.8%, 78.6% fibonacci retracement, 161.8% fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
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