USDCHF, H4 bounced from our Pivot point, potential for a rise.
Description
Price bounced from our Pivot point at 0.90287 which is in line with 61.8%, 78.6%, 161.8%, -27% Fibonacci retracement and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.91005, a fibonacci confluence. It is worth noting that MACD is above the 0 line and price is above the Ichimoku clouds, in line with our bullish analysis.
Pivot: 0.90287
Why we like it:
61.8%, 78.6%, 161.8%, -27% Fibonacci retracement and horizontal graphical overlap
1st Support: 0.89752
Why we like it:
50%, 61.8%, 127% fibonacci retracement and horizontal graphical overlap
1st Resistance: 0.91005
Why we like it:
-27%, 78.6% fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price bounced from our Pivot point at 0.90287 which is in line with 61.8%, 78.6%, 161.8%, -27% Fibonacci retracement and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.91005, a fibonacci confluence. It is worth noting that MACD is above the 0 line and price is above the Ichimoku clouds, in line with our bullish analysis.
Pivot: 0.90287
Why we like it:
61.8%, 78.6%, 161.8%, -27% Fibonacci retracement and horizontal graphical overlap
1st Support: 0.89752
Why we like it:
50%, 61.8%, 127% fibonacci retracement and horizontal graphical overlap
1st Resistance: 0.91005
Why we like it:
-27%, 78.6% fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
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