USDCHF is bouncing from our Pivot point, potential for a rise!
Description
Price is bouncing from our Pivot point at 0.88645 which is in line with our 61.8% and 76.4% Fibonacci extension. We could potentially see price drop towards our 1st support level at 0.88424. It is worth noting that stochastics (13,5,3) is showing bullish divergence in line with our analysis.
Pivot: 0.88645
Why we like it:
61.8% and 76.4% Fibonacci extension.
1st Support: 0.88424
Why we like it:
76.4 and 78.6% Fibonacci extension.
1st Resistance: 0.89108
Why we like it:
100% Fibonacci extension, 61.8% Fibonacci retracement and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point at 0.88645 which is in line with our 61.8% and 76.4% Fibonacci extension. We could potentially see price drop towards our 1st support level at 0.88424. It is worth noting that stochastics (13,5,3) is showing bullish divergence in line with our analysis.
Pivot: 0.88645
Why we like it:
61.8% and 76.4% Fibonacci extension.
1st Support: 0.88424
Why we like it:
76.4 and 78.6% Fibonacci extension.
1st Resistance: 0.89108
Why we like it:
100% Fibonacci extension, 61.8% Fibonacci retracement and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
Aviso legal
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