#USDCHF approaching pivot, potential for a bounce!
Description
Price is approaching pivot level of 0.92521, which is in line with 38.2% Fibonacci retracement levelhorizontal overlap support. A reversal from this level may see price take resistance at price 0.93298. This level coincides with horizontal swing high resistance. Finally, we can expect price to take support at 0.9189261.8% Fibonacci retracement levelhorizontal overlap support . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
0.92521
Why we like it:
38.2% Fibonacci retracement levelhorizontal overlap support
1st Support:
0.91892
Why we like it:
61.8% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
0.93298
Why we like it:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is approaching pivot level of 0.92521, which is in line with 38.2% Fibonacci retracement levelhorizontal overlap support. A reversal from this level may see price take resistance at price 0.93298. This level coincides with horizontal swing high resistance. Finally, we can expect price to take support at 0.9189261.8% Fibonacci retracement levelhorizontal overlap support . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
0.92521
Why we like it:
38.2% Fibonacci retracement levelhorizontal overlap support
1st Support:
0.91892
Why we like it:
61.8% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
0.93298
Why we like it:
horizontal swing high 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.