#USDCAD, H4 is bouncing from our Pivot, potential for a rise.
Description:
Price is bouncing from our Pivot point at 1.22833, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from here towards our 1st resistance level at 1.23874, in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical swing high. Do note that price is above the ascending trendline, in line with our bullish analysis.
Pivot: 1.22833
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1.22138
Why we like it:
127% fibonacci retracement, 100% fibonacci extension and horizontal graphical area
1st Resistance: 1.23874
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical swing high
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point at 1.22833, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from here towards our 1st resistance level at 1.23874, in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical swing high. Do note that price is above the ascending trendline, in line with our bullish analysis.
Pivot: 1.22833
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1.22138
Why we like it:
127% fibonacci retracement, 100% fibonacci extension and horizontal graphical area
1st Resistance: 1.23874
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical swing high
Trading FX & CFDs carries high risk.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.