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.
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