USDCHF, H4 passed our Pivot, potential for a drop.
Description
Price has broken our Pivot point at 0.92168, which is in line with 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 0.91546, in line with 127% fibonacci retracement and 161.8% fibonacci extension. It is worth noting that price is trending under the Ichimoku cloud and MACD is under the 0 line, in line with our bearish analysis.
Pivot: 0.92168
Why we like it:
61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.91546
Why we like it:
127% fibonacci retracement and 161.8% fibonacci extension
1st Resistance: 0.92760
Why we like it:
78.6% fibonacci retracement, previous swing high and descending trendline resistance
Trading FX & CFDs carries high risk.
Price has broken our Pivot point at 0.92168, which is in line with 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 0.91546, in line with 127% fibonacci retracement and 161.8% fibonacci extension. It is worth noting that price is trending under the Ichimoku cloud and MACD is under the 0 line, in line with our bearish analysis.
Pivot: 0.92168
Why we like it:
61.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.91546
Why we like it:
127% fibonacci retracement and 161.8% fibonacci extension
1st Resistance: 0.92760
Why we like it:
78.6% fibonacci retracement, previous swing high and descending trendline resistance
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.