NZDUSD, H4 bounced off our Pivot point. Potential for rise.
Description:
Price is bouncing off our Pivot point of 0.70849, which is in line with 38.2% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap. A bounce from here could see it rise to our first resistance level of 0.71545, in line with 78.6% and 161.8% Fibonacci extension. It is worth noting that price is trending above EMA (89) and Ichimoku cloud, while the MACD is above 0, showing bullish momentum.
Pivot: 0.70849
Why we like it:
38.2% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 0.70346
Why we like it:
78.6% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap
1st Resistance: 0.71545
Why we like it:
78.6% and 161.8% Fibonacci extension
Trading FX & CFDs carries high risk.
Price is bouncing off our Pivot point of 0.70849, which is in line with 38.2% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap. A bounce from here could see it rise to our first resistance level of 0.71545, in line with 78.6% and 161.8% Fibonacci extension. It is worth noting that price is trending above EMA (89) and Ichimoku cloud, while the MACD is above 0, showing bullish momentum.
Pivot: 0.70849
Why we like it:
38.2% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 0.70346
Why we like it:
78.6% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap
1st Resistance: 0.71545
Why we like it:
78.6% and 161.8% Fibonacci extension
Trading FX & CFDs carries high risk.
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.