USDCHF, H4 is bouncing from our Pivot, potential for a rise.
Description
Price is bouncing from our Pivot point at 0.89648, which is in line with 50% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90140, a fibonacci confluence. It is worth noting that the price is above the ascending trendline, in line with our bullish analysis.
Pivot: 0.89648
Why we like it:
50% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap
1st Support: 0.88633
Why we like it:
-27% fibonacci retracement and 161.8% fibonacci extension
1st Resistance: 0.90140
Why we like it:
-27%, 127% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point at 0.89648, which is in line with 50% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90140, a fibonacci confluence. It is worth noting that the price is above the ascending trendline, in line with our bullish analysis.
Pivot: 0.89648
Why we like it:
50% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap
1st Support: 0.88633
Why we like it:
-27% fibonacci retracement and 161.8% fibonacci extension
1st Resistance: 0.90140
Why we like it:
-27%, 127% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Aviso legal
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