USDCHF, H4 bounced our Pivot, potential for a rise.
Description
Price has bounced from our Pivot point at 0.93868, which is in line with161% -61.8% fibonacci retracement and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.94420, in line with 61.8% fibonacci extension. It is worth noting that MACD is above the 0 line, in line with our bullish analysis.
Pivot: 0.93868
Why we like it:
161%, -61.8% fibonacci retracement and horizontal graphical overlap.
1st Support: 0.93495
Why we like it:
127%, -27% fibonacci retracement and horizontal swing low support
1st Resistance: 0.93868
Why we like it:
61.8% fibonacci extension.
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot point at 0.93868, which is in line with161% -61.8% fibonacci retracement and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.94420, in line with 61.8% fibonacci extension. It is worth noting that MACD is above the 0 line, in line with our bullish analysis.
Pivot: 0.93868
Why we like it:
161%, -61.8% fibonacci retracement and horizontal graphical overlap.
1st Support: 0.93495
Why we like it:
127%, -27% fibonacci retracement and horizontal swing low support
1st Resistance: 0.93868
Why we like it:
61.8% fibonacci extension.
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.