#USDCHF approaching pivot, potential for rise!
Description
Price is approaching pivot level of 0.90607, which is in line with 127.2% Fibonacci extension level, 61.8% Fibonacci retracement level & horizontal pullback support. A reversal from this level may see price take resistance at price 0.92136. This level coincides with 61.8% Fibonacci retracement level & 76.4% Fibonacci extension level. Finally, we can expect price to take support at 0.8928961.8% Fibonacci retracement level & horizontal swing low support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.90607
Why we like it:
127.2% Fibonacci extension level, 61.8% Fibonacci retracement level & horizontal pullback support
1st Support:
0.89289
61.8% Fibonacci retracement level & horizontal swing low support
1st Resistance:
0.92136
61.8% Fibonacci retracement level & 76.4% Fibonacci extension level
Trading FX & CFDs carries high risk.
Price is approaching pivot level of 0.90607, which is in line with 127.2% Fibonacci extension level, 61.8% Fibonacci retracement level & horizontal pullback support. A reversal from this level may see price take resistance at price 0.92136. This level coincides with 61.8% Fibonacci retracement level & 76.4% Fibonacci extension level. Finally, we can expect price to take support at 0.8928961.8% Fibonacci retracement level & horizontal swing low support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.90607
Why we like it:
127.2% Fibonacci extension level, 61.8% Fibonacci retracement level & horizontal pullback support
1st Support:
0.89289
61.8% Fibonacci retracement level & horizontal swing low support
1st Resistance:
0.92136
61.8% Fibonacci retracement level & 76.4% Fibonacci extension level
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.