USDCAD is testing our Pivot, potential for a bearish breakout.
Description:
Price is testing our Pivot point at 1.27340, which is in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap. We could potentially see a bearish breakout towards our 1st support level at 1.26682. It is worth noting that price is trending under a descending trendline, and Stochastics (13,5,3) is showing bearish pressure where price has reversed from the 88% previously.
Pivot: 1.27340
Why we like it:
38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap
1st Support: 1.26682
Why we like it:
61.8% Fibonacci extension, 78.6% fibonacci retracement and horizontal swing low support.
1st Resistance: 1.27673
Why we like it:
61.8%, 88% fibonacci extension, descending trendline resistance and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 1.27340, which is in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap. We could potentially see a bearish breakout towards our 1st support level at 1.26682. It is worth noting that price is trending under a descending trendline, and Stochastics (13,5,3) is showing bearish pressure where price has reversed from the 88% previously.
Pivot: 1.27340
Why we like it:
38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap
1st Support: 1.26682
Why we like it:
61.8% Fibonacci extension, 78.6% fibonacci retracement and horizontal swing low support.
1st Resistance: 1.27673
Why we like it:
61.8%, 88% fibonacci extension, descending trendline resistance and horizontal graphical resistance.
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.