SWISS FRANC FUTURES (6S1!), H4 Potential for Bullish Rise
Type : Bullish Rise
Resistance : 1.06965
Pivot: 1.05910
Support : 1.04780
Preferred Case: On the H4, with prices moving above the ichimoku indicator and within the ascending channel , we have a bullish bias that price will rise to the pivot at 1.05910 where the swing high resistance and 78.6% fibonacci projection are. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 1.06965 where the overlap resistance, -27.2% fibonacci expansion, 100% fibonacci projection, 127.2% fibonacci extension and 78.6% fibonacci retracement are.
Alternative scenario: Alternatively, price could drop to the 1st support at 1.04780 where the pullback support is.
Fundamentals: Since there is a surprise rate hike by 50bps to -0.25%, we have a bullish view on the Swiss Franc.
Resistance : 1.06965
Pivot: 1.05910
Support : 1.04780
Preferred Case: On the H4, with prices moving above the ichimoku indicator and within the ascending channel , we have a bullish bias that price will rise to the pivot at 1.05910 where the swing high resistance and 78.6% fibonacci projection are. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 1.06965 where the overlap resistance, -27.2% fibonacci expansion, 100% fibonacci projection, 127.2% fibonacci extension and 78.6% fibonacci retracement are.
Alternative scenario: Alternatively, price could drop to the 1st support at 1.04780 where the pullback support is.
Fundamentals: Since there is a surprise rate hike by 50bps to -0.25%, we have a bullish view on the Swiss Franc.
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.