#USDCAD, H4 has reversed from our Pivot, potential for a drop.
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Description: Price has reversed from our Pivot point at 1.20744, which is in line with 78.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. We could potentially see a price drop from here towards our 1st support level at 1.20070, in line with 61.8% fibonacci retracement and horizontal swing low support. It is worth noting that the price is under the moving average, in line with our bearish analysis.
Pivot: 1.20744 Why we like it: 78.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 1.20070 Why we like it: 61.8% fibonacci retracement and horizontal swing low support
1st Resistance: 1.21092 Why we like it: 88.6% fibonacci retracement, 161.8% fibonacci extension and Horizontal swing high resistance
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.