Type: Bullish BounceKey Levels:Resistance: 1.07344Pivot: 1.06881Support: 1.0675Preferred Case:Price is reacting on the ascending channel, signifying an overall bulllish momentum. We can expect price to bounce at the pivot level in line with 61.8% Fibonacci retracement towards 1st Resistance in line with 61.8% Fibonacci retracement. Our bullish bounce is further supported by the stochastic indicator where the %K is at the support line.Alternative Scenario:Alternatively, price could push down to the 1st Support in line with 127.2% fibonacci projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audnzd-h4-or-bullish-bounce"
via IFTTT
Subscribe to:
Post Comments (Atom)
-
The new strain of covid found in South Africa could disrupt plans by governments and central banks to rebuild economies. Financial markets a...
-
Fidelity “FIS” is a global financial services technology company and a leader in providing technology solutions to merchants, banks and cap...
-
Asian Equities Sink on Covid FearsIt’s been a mixed start to the week for global equities benchmarks with US and European asset markets rema...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.