Description:
Price is facing bullish pressure from our pivot level and showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 3639.9, with 1st resistance at 3783.0 as a possible target. Failure to hold above pivot at 3639.9 would see price swing the other way towards 1st support at 3590.3.
Pivot: 3639.9
Supporting Points:
38.2% Fibonacci retracement, 61.8% Fibonacci extension, Graphical overlap support
1st Support: 3590.3
Supporting Points:
Graphical swing low support, 61.8% Fibonacci retracement, 127.2% Fibonacci extension
1st Resistance: 3783.0
Supporting Points:
161.8% Fibonacci extension
Trading FX & CFDs carries high risk.
Price is facing bullish pressure from our pivot level and showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 3639.9, with 1st resistance at 3783.0 as a possible target. Failure to hold above pivot at 3639.9 would see price swing the other way towards 1st support at 3590.3.
Pivot: 3639.9
Supporting Points:
38.2% Fibonacci retracement, 61.8% Fibonacci extension, Graphical overlap support
1st Support: 3590.3
Supporting Points:
Graphical swing low support, 61.8% Fibonacci retracement, 127.2% Fibonacci extension
1st Resistance: 3783.0
Supporting Points:
161.8% 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.