#USDCHF approaching pivot, potential for a drop!
Description
Price is reacting below our pivot level at 0.92242 which is in line with 38.2% Fibonacci retracement level and horizontal overlap resistance. Price can potentially drop to 1st support at 0.91713, which is in line with 127.2% Fibonacci extension level and horizontal overlap support. Alternatively, price may rise up to our 1st resistance at 0.92502, which coincides with 78.6% Fibonacci retracement level and horizontal swing high resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.92242
Why we like it:
38.2% Fibonacci retracement level and horizontal overlap resistance
1st Support:
0.91713
Why we like it:
127.2% Fibonacci extension level and horizontal overlap support
1st Resistance:
0.92502
Why we like it:
78.6% Fibonacci retracement level and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is reacting below our pivot level at 0.92242 which is in line with 38.2% Fibonacci retracement level and horizontal overlap resistance. Price can potentially drop to 1st support at 0.91713, which is in line with 127.2% Fibonacci extension level and horizontal overlap support. Alternatively, price may rise up to our 1st resistance at 0.92502, which coincides with 78.6% Fibonacci retracement level and horizontal swing high resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.92242
Why we like it:
38.2% Fibonacci retracement level and horizontal overlap resistance
1st Support:
0.91713
Why we like it:
127.2% Fibonacci extension level and horizontal overlap support
1st Resistance:
0.92502
Why we like it:
78.6% Fibonacci retracement level and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.