USDCHF approaching pivot, potential for a rise!
Description
Price has broken above our pivot level at 0.91716 which is in line with 78.6% Fibonacci retracement levelhorizontal overlap support . We could potentially see a further rise from here towards 0.92674, which coincides with 50.0% Fibonacci retracement levelhorizontal swing high resistance. Finally, we can expect price to take support at 0.91097, which coincides with horizontal swing low support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.91716
Why we like it:
78.6% Fibonacci retracement levelhorizontal overlap support
1st Support:
0.91097
Why we like it:
horizontal swing low support
1st Resistance:
0.92674
Why we like it:
50.0% Fibonacci retracement levelhorizontal swing high resistance
Trading FX & CFDs carries high risk.
Price has broken above our pivot level at 0.91716 which is in line with 78.6% Fibonacci retracement levelhorizontal overlap support . We could potentially see a further rise from here towards 0.92674, which coincides with 50.0% Fibonacci retracement levelhorizontal swing high resistance. Finally, we can expect price to take support at 0.91097, which coincides with horizontal swing low support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.91716
Why we like it:
78.6% Fibonacci retracement levelhorizontal overlap support
1st Support:
0.91097
Why we like it:
horizontal swing low support
1st Resistance:
0.92674
Why we like it:
50.0% Fibonacci retracement levelhorizontal 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.