#USDCHF approaching pivot, potential for a reversal!
Description
Price is approaching pivot level of 0.93624 where we have 78.6% Fibonacci extension levelhorizontal swing high resistance lining up. A reversal from this level might see price take support at 0.9266, which is in line with horizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.94396, which coincides with 100% Fibonacci extension level, 127.2% Fibonacci extension level . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
0.93624
Why we like it:
78.6% Fibonacci extension levelhorizontal swing high resistance
1st Support:
0.92660
Why we like it:
horizontal overlap support
1st Resistance:
0.94396
Why we like it:
100% Fibonacci extension level, 127.2% Fibonacci extension level
Trading FX & CFDs carries high risk.
Price is approaching pivot level of 0.93624 where we have 78.6% Fibonacci extension levelhorizontal swing high resistance lining up. A reversal from this level might see price take support at 0.9266, which is in line with horizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.94396, which coincides with 100% Fibonacci extension level, 127.2% Fibonacci extension level . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
0.93624
Why we like it:
78.6% Fibonacci extension levelhorizontal swing high resistance
1st Support:
0.92660
Why we like it:
horizontal overlap support
1st Resistance:
0.94396
Why we like it:
100% Fibonacci extension level, 127.2% Fibonacci extension level
Trading FX & CFDs carries high risk.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。