Description:
Price is holding above ascending trendline support with MACD indicator above 0, showing room for possible further bullish upside. A further push up above our pivot at 30281 which is also 61.8% Fibonacci retracement and graphical overlap support , towards 1st resistance at 30643.1 is possible. Otherwise, failure to hold above pivot should see price swing towards 1st support at 29992.9.
Pivot: 30281
Supporting Points:
61.8% Fibonacci retracement, Ascending trendline support, graphical overlap support
1st Support: 29992.9
Supporting Points:
Graphical swing low, 127.2% Fibonacci retracement
1st Resistance: 30643.1
Supporting Points:
-27.2% Fibonacci retracement
Trading FX & CFDs carries high risk.
Price is holding above ascending trendline support with MACD indicator above 0, showing room for possible further bullish upside. A further push up above our pivot at 30281 which is also 61.8% Fibonacci retracement and graphical overlap support , towards 1st resistance at 30643.1 is possible. Otherwise, failure to hold above pivot should see price swing towards 1st support at 29992.9.
Pivot: 30281
Supporting Points:
61.8% Fibonacci retracement, Ascending trendline support, graphical overlap support
1st Support: 29992.9
Supporting Points:
Graphical swing low, 127.2% Fibonacci retracement
1st Resistance: 30643.1
Supporting Points:
-27.2% Fibonacci retracement
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.