Canadian Dollar Futures (6C1!), H1 Potential for Bearish Drop
Type : Bearish Momentum
Resistance : 0.77125
Pivot: 0.76835
Support : 0.76460
Preferred Case: On the H1, with price moving below the ichimoku cloud , we have a bearish bias that price will rise and drop from the pivot at 0.76835 in line with the overlap resistance and 78.6% fibonacci projection to the 1st support at 0.76460 where the -27.2% fibonacci expansion and swing low support are.
Alternative scenario: Alternatively, price may break pivot structure and rise to the 1st resistance at 0.77125 where the pullback resistance, 50% fibonacci retracement and -61.8% fibonacci expansion are.
Fundamentals: As sentiment over the BoC increasing rates by 75bps continues to grow, we have a bearish view of the canadian dollar.
Resistance : 0.77125
Pivot: 0.76835
Support : 0.76460
Preferred Case: On the H1, with price moving below the ichimoku cloud , we have a bearish bias that price will rise and drop from the pivot at 0.76835 in line with the overlap resistance and 78.6% fibonacci projection to the 1st support at 0.76460 where the -27.2% fibonacci expansion and swing low support are.
Alternative scenario: Alternatively, price may break pivot structure and rise to the 1st resistance at 0.77125 where the pullback resistance, 50% fibonacci retracement and -61.8% fibonacci expansion are.
Fundamentals: As sentiment over the BoC increasing rates by 75bps continues to grow, we have a bearish view of the canadian dollar.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.