Description
Price is currently testing our Pivot point at 0.89010, which is in line with 78.6% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 0.88633, a fibonacci confluence. It is worth noting that the price is under the Ichimoku clouds as well as the descending trendline, in line with our bearish analysis.
Pivot: 0.89010
Why we like it:
78.6% Fibonacci retracement, 100% Fibonacci extension, descending trendline resistance and horizontal graphical overlap
1st Support: 0.88633
Why we like it:
161.8%, 88% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.89313
Why we like it:
23.6%, 78.6% fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is currently testing our Pivot point at 0.89010, which is in line with 78.6% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 0.88633, a fibonacci confluence. It is worth noting that the price is under the Ichimoku clouds as well as the descending trendline, in line with our bearish analysis.
Pivot: 0.89010
Why we like it:
78.6% Fibonacci retracement, 100% Fibonacci extension, descending trendline resistance and horizontal graphical overlap
1st Support: 0.88633
Why we like it:
161.8%, 88% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.89313
Why we like it:
23.6%, 78.6% fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.