AUDUSD, H4 is reversing from Pivot point, potential for a rise
Description
Price is reversing from our Pivot point of 0.74438, which is in line with our 78.6% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap, where we could see a potential bounce at this level to our first resistance level of 0.75096, in line with 100% Fibonacci extension. It is worth noting that price is trending above the Ichimoku cloud, and an ascending trendline which is showing bullish momentum in line with our analysis.
Pivot: 0.74438
Why we like it:
78.6% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap
1st Support: 0.74171
Why we like it:
127% Fibonacci retracement, 78.6% Fibonacci extension
1st Resistance: 0.75096
Why we like it:
100% Fibonacci extension
Trading FX & CFDs carries high risk.
Price is reversing from our Pivot point of 0.74438, which is in line with our 78.6% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap, where we could see a potential bounce at this level to our first resistance level of 0.75096, in line with 100% Fibonacci extension. It is worth noting that price is trending above the Ichimoku cloud, and an ascending trendline which is showing bullish momentum in line with our analysis.
Pivot: 0.74438
Why we like it:
78.6% Fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap
1st Support: 0.74171
Why we like it:
127% Fibonacci retracement, 78.6% Fibonacci extension
1st Resistance: 0.75096
Why we like it:
100% Fibonacci extension
Trading FX & CFDs carries high risk.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.