#USDCAD, H4 is approaching our Pivot, potential for a bounce.

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Description:
Price is approaching our Pivot point at 1.21684, which is in line with 50% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area. We could potentially see price rise from here towards our 1st resistance level at 1.22379, in line with -27% fibonacci retracement and 100% fibonacci extension. Price is currently above the moving average, in line with our bullish analysis.


Pivot: 1.21684
Why we like it:
50% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area

1st Support: 1.21268
Why we like it:
61.8% fibonacci retracement, 161.8% fibonacci extension and horizontal graphical area

1st Resistance: 1.22379
Why we like it:
-27% fibonacci retracement and 100% 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.