Type : Bullish Rise
Resistance : 1.07335
Pivot: 1.05890
Support : 1.04820
Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 1.05890 where the swing high resistance and 78.6% fibonacci projection are. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 1.07335 where the 100% fibonacci projection, -27.2% fibonacci expansion and 127.2% fibonacci extension are.
Alternative scenario: Alternatively, price could drop to the 1st support at 1.04820 where the pullback support is.
Fundamentals: Due to the surprise rate hike by 50bps to -0.25%, we have a bullish bias on Swiss Franc.
Resistance : 1.07335
Pivot: 1.05890
Support : 1.04820
Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 1.05890 where the swing high resistance and 78.6% fibonacci projection are. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 1.07335 where the 100% fibonacci projection, -27.2% fibonacci expansion and 127.2% fibonacci extension are.
Alternative scenario: Alternatively, price could drop to the 1st support at 1.04820 where the pullback support is.
Fundamentals: Due to the surprise rate hike by 50bps to -0.25%, we have a bullish bias on Swiss Franc.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.