Price is facing bullish pressure from our pivot, which is in line with our graphical swing low support, 100% Fibonacci extension and 38.2% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 3683.3 with 1st resistance at 3750.1 as a possible target. Failure to hold above pivot at 3683.3 would see price swing the other way towards 1st support at 3647.0. Price is also above 100 EMA as well.
Pivot: 3683.3
Supporting Points:
graphical swing low support, 100% Fibonacci extension and 38.2% Fibonacci retracement
1st Support: 3647.0
Supporting Points:
Graphical overlap support, 38.2% Fibonacci retracement, 78.6% Fibonacci extension
1st Resistance: 3750.1
Supporting Points:
127.2% Fibonacci extension
Trading FX & CFDs carries high risk.
Pivot: 3683.3
Supporting Points:
graphical swing low support, 100% Fibonacci extension and 38.2% Fibonacci retracement
1st Support: 3647.0
Supporting Points:
Graphical overlap support, 38.2% Fibonacci retracement, 78.6% Fibonacci extension
1st Resistance: 3750.1
Supporting Points:
127.2% Fibonacci extension
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.