USDCHF, H4 has bounced from our Pivot, potential for a rise.
Description
Price has bounced from our Pivot point at 0.90424, which is in line with 38.2% fibonacci retracement, 76.4%, 100% Fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90974, a fibonacci confluence. It is worth noting that the price is above the Ichimoku cloud, in line with our bullish analysis.
Pivot: 0.90424
Why we like it:
38.2% fibonacci retracement, 76.4%, 100% Fibonacci extension and horizontal graphical overlap
1st Support: 0.90084
Why we like it:
-27%, 61.8% fibonacci retracement, 61.8%, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.90974
Why we like it:
-27%, 127% fibonacci retracement, 161.8% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot point at 0.90424, which is in line with 38.2% fibonacci retracement, 76.4%, 100% Fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90974, a fibonacci confluence. It is worth noting that the price is above the Ichimoku cloud, in line with our bullish analysis.
Pivot: 0.90424
Why we like it:
38.2% fibonacci retracement, 76.4%, 100% Fibonacci extension and horizontal graphical overlap
1st Support: 0.90084
Why we like it:
-27%, 61.8% fibonacci retracement, 61.8%, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.90974
Why we like it:
-27%, 127% fibonacci retracement, 161.8% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
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