USDCHF, H4 bounced our Pivot, potential for a rise.
Description
Price has bounced from our Pivot point at 0.93553, which is in line with 50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.94482, in line with 78.6% fibonacci retracement, 88% fibonacci extension and horizontal swing high resistance. It is worth noting that price has been making higher highs, and higher lows, in line with our bullish analysis.
Pivot: 0.93553
Why we like it:
50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 0.93178
Why we like it:
161.8%, 61.8% fibonacci retracement and horizontal graphical overlap.
1st Resistance: 0.94482
Why we like it:
78.6% fibonacci retracement, 88% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot point at 0.93553, which is in line with 50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.94482, in line with 78.6% fibonacci retracement, 88% fibonacci extension and horizontal swing high resistance. It is worth noting that price has been making higher highs, and higher lows, in line with our bullish analysis.
Pivot: 0.93553
Why we like it:
50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 0.93178
Why we like it:
161.8%, 61.8% fibonacci retracement and horizontal graphical overlap.
1st Resistance: 0.94482
Why we like it:
78.6% fibonacci retracement, 88% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
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