Description:
Price holding above moving average support. With MACD indicator holding above 0, we can expect further bullish momentum to push price higher above our Pivot at 3735.8 towards graphical swing high and 1st resistance at 3783.0. Otherwise, failure to hold above pivot could see price swing towards 1st support at 3705.3
Pivot: 3735.8
Supporting Points:
38.2% Fibonacci retracement, moving average support
1st Support: 3705.3
Supporting Points:
61.8% Fibonacci retracement
1st Resistance: 3783.0
Supporting Points:
Recent swing high resistance
Trading FX & CFDs carries high risk.
Price holding above moving average support. With MACD indicator holding above 0, we can expect further bullish momentum to push price higher above our Pivot at 3735.8 towards graphical swing high and 1st resistance at 3783.0. Otherwise, failure to hold above pivot could see price swing towards 1st support at 3705.3
Pivot: 3735.8
Supporting Points:
38.2% Fibonacci retracement, moving average support
1st Support: 3705.3
Supporting Points:
61.8% Fibonacci retracement
1st Resistance: 3783.0
Supporting Points:
Recent swing high resistance
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.