#USDCHF approaching pivot, potential for a reversal!
Description
Price is approaching pivot level of 0.92173 where we have 50.0% Fibonacci retracement levelhorizontal overlap support lining up. A reversal from this level might see price take support at 0.91716, which is in line with 78.6% Fibonacci retracement levelhorizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.93313, which coincides with 78.6% Fibonacci extension levelhorizontal overlap resistance . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.92173
Why we like it:
50.0% Fibonacci retracement levelhorizontal overlap support
1st Support:
0.91716
Why we like it:
78.6% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
0.93313
Why we like it:
78.6% Fibonacci extension levelhorizontal overlap resistance
Trading FX & CFDs carries high risk.
Price is approaching pivot level of 0.92173 where we have 50.0% Fibonacci retracement levelhorizontal overlap support lining up. A reversal from this level might see price take support at 0.91716, which is in line with 78.6% Fibonacci retracement levelhorizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.93313, which coincides with 78.6% Fibonacci extension levelhorizontal overlap resistance . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.92173
Why we like it:
50.0% Fibonacci retracement levelhorizontal overlap support
1st Support:
0.91716
Why we like it:
78.6% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
0.93313
Why we like it:
78.6% Fibonacci extension levelhorizontal overlap 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.