USDCHF, H4 has passed our Pivot, potential for a rise.
Description
Price has passed our Pivot point at 0.90440, which is in line with 88%, 100% Fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90951, a fibonacci confluence. It is worth noting that the price is above the Ichomoku cloud and MACD is above the 0 line, in line with our bullish analysis.
Pivot: 0.90440
Why we like it:
88%, 100% Fibonacci extension and horizontal graphical overlap
1st Support: 0.90951
Why we like it:
-27% fibonacci retracement and 161.8% fibonacci extension
1st Resistance: 0.90140
Why we like it:
78.6% fibonacci retracement, 61.8%, 61.8% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price has passed our Pivot point at 0.90440, which is in line with 88%, 100% Fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90951, a fibonacci confluence. It is worth noting that the price is above the Ichomoku cloud and MACD is above the 0 line, in line with our bullish analysis.
Pivot: 0.90440
Why we like it:
88%, 100% Fibonacci extension and horizontal graphical overlap
1st Support: 0.90951
Why we like it:
-27% fibonacci retracement and 161.8% fibonacci extension
1st Resistance: 0.90140
Why we like it:
78.6% fibonacci retracement, 61.8%, 61.8% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
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