Description:
Price holding above moving average and MACD indicator is above 0, showing room for further bullish upside. A further push up above our pivot at 3864.6 towards -27.2% Fibonacci retracement and 1st resistance at 3915.6 could be possible. Otherwise, a break below our pivot will see price drop towards 1st support at 3845.9
Pivot: 3864.6
Supporting Points:
38.2% Fibonacci retracement
1st Support: 3845.9
Supporting Points:
23.6% Fibonacci retracement, Moving average support
1st Resistance: 3915.6
Supporting Points:
-27.2% Fibonacci retracement
Trading FX & CFDs carries high risk.
Price holding above moving average and MACD indicator is above 0, showing room for further bullish upside. A further push up above our pivot at 3864.6 towards -27.2% Fibonacci retracement and 1st resistance at 3915.6 could be possible. Otherwise, a break below our pivot will see price drop towards 1st support at 3845.9
Pivot: 3864.6
Supporting Points:
38.2% Fibonacci retracement
1st Support: 3845.9
Supporting Points:
23.6% Fibonacci retracement, Moving average support
1st Resistance: 3915.6
Supporting Points:
-27.2% Fibonacci retracement
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.