USDCHF, H4 has bounced from our Pivot, potential for a rise.
Description
Price is approaching our Pivot point at 0.92538, which is in line with 23.6%, 38.2% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical support. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.94298, a fibonacci confluence. It is worth noting that MACD is above the 0 line, in line with our bullish view.
Pivot: 0.92538
Why we like it:
23.6%, 38.2% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical support
1st Support: 0.91581
Why we like it:
88%, 61.8% fibonacci retracement and horizontal graphical support
1st Resistance: 0.94298
Why we like it:
-61.8% fibonacci retracement and 161.8% fibonacci extension
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 0.92538, which is in line with 23.6%, 38.2% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical support. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.94298, a fibonacci confluence. It is worth noting that MACD is above the 0 line, in line with our bullish view.
Pivot: 0.92538
Why we like it:
23.6%, 38.2% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical support
1st Support: 0.91581
Why we like it:
88%, 61.8% fibonacci retracement and horizontal graphical support
1st Resistance: 0.94298
Why we like it:
-61.8% fibonacci retracement and 161.8% fibonacci extension
Trading FX & CFDs carries high risk.
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