Description:
Price is approaching our Pivot point at 104.401 which is in line with our 78.6% Fibonacci extension and 61.8% Fibonacci retracement. We could potentially see price drop towards our 1st support level at 103.832, in line with 100% fibonacci extension and horizontal swing low support. It is worth noting that the descending trendline is showing bearish pressure in line with our analysis, and the Stochastic indicator is also testing the horizontal resistance level at 84.73.
Pivot: 104.401
Why we like it:
78.6% Fibonacci extension and 61.8% Fibonacci retracement
1st Support: 103.832
Why we like it:
100% fibonacci extension and horizontal swing low support
1st Resistance: 104.835
Why we like it:
127% Fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 104.401 which is in line with our 78.6% Fibonacci extension and 61.8% Fibonacci retracement. We could potentially see price drop towards our 1st support level at 103.832, in line with 100% fibonacci extension and horizontal swing low support. It is worth noting that the descending trendline is showing bearish pressure in line with our analysis, and the Stochastic indicator is also testing the horizontal resistance level at 84.73.
Pivot: 104.401
Why we like it:
78.6% Fibonacci extension and 61.8% Fibonacci retracement
1st Support: 103.832
Why we like it:
100% fibonacci extension and horizontal swing low support
1st Resistance: 104.835
Why we like it:
127% Fibonacci extension and horizontal swing high resistance
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。