USDCHF, H4 is approaching from our Pivot, potential for a rise.
Description
Price is approaching our Pivot point at 0.91513, which is in line with 61.8%, 38.2% Fibonacci retracement, 88% fibonacci extension and horizontal graphical support. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.92327, a fibonacci confluence. It is worth noting that the price is above the Ichimoku clod and MACD is above the 0 line, in line with our bullish view.
Pivot: 0.91513
Why we like it:
61.8%, 38.2% Fibonacci retracement, 88% fibonacci extension and horizontal graphical support
1st Support: 0.91057
Why we like it:
127%, 61.8% fibonacci retracement and 161.8% fibonacci extension
1st Resistance: 0.92327
Why we like it:
-27%, 161.8% fibonacci retracement and 78.6% fibonacci extension
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 0.91513, which is in line with 61.8%, 38.2% Fibonacci retracement, 88% fibonacci extension and horizontal graphical support. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.92327, a fibonacci confluence. It is worth noting that the price is above the Ichimoku clod and MACD is above the 0 line, in line with our bullish view.
Pivot: 0.91513
Why we like it:
61.8%, 38.2% Fibonacci retracement, 88% fibonacci extension and horizontal graphical support
1st Support: 0.91057
Why we like it:
127%, 61.8% fibonacci retracement and 161.8% fibonacci extension
1st Resistance: 0.92327
Why we like it:
-27%, 161.8% fibonacci retracement and 78.6% fibonacci extension
Trading FX & CFDs carries high risk.
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