USDCAD is testing our Pivot, potential for a bearish breakout.
Description:
Price is testing our Pivot point at 1.27340, which is in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap. We could potentially see a bearish breakout towards our 1st support level at 1.26682. It is worth noting that price is trending under a descending trendline, and Stochastics (13,5,3) is showing bearish pressure where price has reversed from the 88% previously.
Pivot: 1.27340
Why we like it:
38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap
1st Support: 1.26682
Why we like it:
61.8% Fibonacci extension, 78.6% fibonacci retracement and horizontal swing low support.
1st Resistance: 1.27673
Why we like it:
61.8%, 88% fibonacci extension, descending trendline resistance and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 1.27340, which is in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap. We could potentially see a bearish breakout towards our 1st support level at 1.26682. It is worth noting that price is trending under a descending trendline, and Stochastics (13,5,3) is showing bearish pressure where price has reversed from the 88% previously.
Pivot: 1.27340
Why we like it:
38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap
1st Support: 1.26682
Why we like it:
61.8% Fibonacci extension, 78.6% fibonacci retracement and horizontal swing low support.
1st Resistance: 1.27673
Why we like it:
61.8%, 88% fibonacci extension, descending trendline resistance and horizontal graphical resistance.
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.