Price is facing bullish pressure, where it is approaching our first support, in line with our 100% Fibonacci extension, 50%, 38.2% Fibonacci retracements, and horizontal overlap support. It could potentially rise further to our first resistance, in line with our 100% and 61.8% Fibonacci extension. It is also worth noting that the Ichimoku cloud is also showing bullish pressure in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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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.