Description:
Price is holding above ascending trendline support with MACD indicator above 0, showing room for possible further bullish upside. A further push up above our pivot at 30281 which is also 61.8% Fibonacci retracement and graphical overlap support , towards 1st resistance at 30643.1 is possible. Otherwise, failure to hold above pivot should see price swing towards 1st support at 29992.9.
Pivot: 30281
Supporting Points:
61.8% Fibonacci retracement, Ascending trendline support, graphical overlap support
1st Support: 29992.9
Supporting Points:
Graphical swing low, 127.2% Fibonacci retracement
1st Resistance: 30643.1
Supporting Points:
-27.2% Fibonacci retracement
Trading FX & CFDs carries high risk.
Price is holding above ascending trendline support with MACD indicator above 0, showing room for possible further bullish upside. A further push up above our pivot at 30281 which is also 61.8% Fibonacci retracement and graphical overlap support , towards 1st resistance at 30643.1 is possible. Otherwise, failure to hold above pivot should see price swing towards 1st support at 29992.9.
Pivot: 30281
Supporting Points:
61.8% Fibonacci retracement, Ascending trendline support, graphical overlap support
1st Support: 29992.9
Supporting Points:
Graphical swing low, 127.2% Fibonacci retracement
1st Resistance: 30643.1
Supporting Points:
-27.2% Fibonacci retracement
Trading FX & CFDs carries high risk.
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