USDCHF, H4 has bounced from our Pivot, potential for a rise.
Description
Price has bounced from our Pivot point at 0.92360, which is in line with 61.8% Fibonacci retracement, 88% fibonacci extension and Ichimoku cloud support. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.93301, in line with 61.8% fibonacci retracement, 78.6% fibonacci extension level and horizontal swing high. It is worth noting that price is trending above the ichimoku cloud, in like with our bullish analysis.
Pivot: 0.92360
Why we like it:
61.8% Fibonacci retracement, 88% fibonacci extension and Ichimoku cloud support
1st Support: 0.91977
Why we like it:
-27%, 78.6% fibonacci retracement, 127% fibonacci extension level and horizontal graphical overlap.
1st Resistance: 0.93301
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension level and horizontal swing high
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot point at 0.92360, which is in line with 61.8% Fibonacci retracement, 88% fibonacci extension and Ichimoku cloud support. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.93301, in line with 61.8% fibonacci retracement, 78.6% fibonacci extension level and horizontal swing high. It is worth noting that price is trending above the ichimoku cloud, in like with our bullish analysis.
Pivot: 0.92360
Why we like it:
61.8% Fibonacci retracement, 88% fibonacci extension and Ichimoku cloud support
1st Support: 0.91977
Why we like it:
-27%, 78.6% fibonacci retracement, 127% fibonacci extension level and horizontal graphical overlap.
1st Resistance: 0.93301
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension level and horizontal swing high
Trading FX & CFDs carries high risk.
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