#USDCHF approaching pivot, potential for a drop!
Description
Price is reacting below our pivot level at 0.9151 which is in line with horizontal overlap resistance, 61.8% Fibonacci retracement level. Price can potentially take support at 0.90919, which is in line with horizontal swing low support. Alternatively, price may rise up to our resistance at 0.91705, which coincides with horizontal overlap resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.91510
Why we like it:
horizontal overlap resistance, 61.8% Fibonacci retracement level
1st Support:
0.90919
Why we like it:
horizontal swing low support
1st Resistance:
0.91705
Why we like it:
horizontal overlap resistance
Trading FX & CFDs carries high risk.
Price is reacting below our pivot level at 0.9151 which is in line with horizontal overlap resistance, 61.8% Fibonacci retracement level. Price can potentially take support at 0.90919, which is in line with horizontal swing low support. Alternatively, price may rise up to our resistance at 0.91705, which coincides with horizontal overlap resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.91510
Why we like it:
horizontal overlap resistance, 61.8% Fibonacci retracement level
1st Support:
0.90919
Why we like it:
horizontal swing low support
1st Resistance:
0.91705
Why we like it:
horizontal overlap resistance
Trading FX & CFDs carries high risk.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。