#USDCAD, H4 is above our Pivot, potential for a bounce.
Description:
Price is above our Pivot point at 1.21094, which is in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see a price rise from here towards our 1st resistance level at 1.21588, in line with -27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance. It is worth noting that the price is above the Ichimoku cloud support, in line with our bullish analysis.
Pivot: 1.20862
Why we like it:
50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 1.20851
Why we like it:
161.8 % fibonacci retracement, 61.8% fibonacci extension and horizontal swing low support
1st Resistance: 1.21588
Why we like it:
-27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is above our Pivot point at 1.21094, which is in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see a price rise from here towards our 1st resistance level at 1.21588, in line with -27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance. It is worth noting that the price is above the Ichimoku cloud support, in line with our bullish analysis.
Pivot: 1.20862
Why we like it:
50% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 1.20851
Why we like it:
161.8 % fibonacci retracement, 61.8% fibonacci extension and horizontal swing low support
1st Resistance: 1.21588
Why we like it:
-27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.