#USDCAD, H4 is bouncing from our Pivot, potential for a rise.
Description:
Price is bouncing from our Pivot point at 1.22837, which is in line with 61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from here towards our 1st resistance level at 1.23989, in line with 61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical swing high. Do note that price is above the Ichimoku cloud, in line with our bullish analysis.
Pivot: 1.22837
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 1.21866
Why we like it:
-27% fibonacci retracement, 161.8% fibonacci extension and horizontal graphical area
1st Resistance: 1.23989
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical swing high
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point at 1.22837, which is in line with 61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from here towards our 1st resistance level at 1.23989, in line with 61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical swing high. Do note that price is above the Ichimoku cloud, in line with our bullish analysis.
Pivot: 1.22837
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 1.21866
Why we like it:
-27% fibonacci retracement, 161.8% fibonacci extension and horizontal graphical area
1st Resistance: 1.23989
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical swing high
Trading FX & CFDs carries high risk.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน