\n<\/span>On the H4 timeframe, prices are abiding by a daily ascending trendline and are on bullish momentum. We see the potential for a bounce from our 1st support\u00a0 at 95.951 in line with 38.2% Fibonacci retracement and graphical overlap towards our 1st resistance at 96.246 in line with 50% Fibonacci retracement. Our bullish bias is further supported by our RSI being bullish momentum.<\/span><\/p>\n
Areas of consideration:<\/b><\/p>\n On the H4 chart, prices are consolidating in a daily triangle and are on bullish momentum. We see potential for a bounce from our 1st support at 1820.990 in line with 61.8% Fibonacci extension and 78.2% Fibonacci expansion towards our 1st resistance at 1851.340 in line with 23.6% Fibonacci retracement. RSI are at levels where dips previously occurred.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n <\/p>\n In the H4 chart , price is trading in an ascending channel and near 1st support level of 1.35043 which is also 50% Fibonacci retracement and 78.6% Fibonacci projection. Price can potentially continue its bullish momentum to the 1st resistance level of 1.36461 in line with 61.8% Fibonacci projection and 78.6% Fibonacci retracement. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above it. <\/span> On the H4 timeframe, price is abiding to the daily ascending channel and descending trendline resistance on the H4. We can expect the price to drop from 1st Resistance in line with 61.8% Fibonacci projection towards 1st Support in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement.\u00a0 Our bearish bias is further supported by the RSI indicator where it is abiding to the descending trendline resistance. Traders should wait for prices to swing higher or lower before entering.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4 chart, price is near 1st support level of 1.12798 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially bounce from this level to the 1st resistance which is also 38.2% Fibonacci retracement and\u00a0 graphical overlap resistance. Our bearish\u00a0 bias is supported by the ichimoku cloud indicator.\u00a0<\/span><\/p>\n Areas of consideration:\u00a0<\/span><\/p>\n On the H4 chart, in reference to yesterday\u2019s analysis, price indeed bounced at 1st Support @ 115.039. Price is abiding to the ascending trendline support and the ascending channel on the daily, signifying an overall bullish momentum. We can expect price to bounce at the 1st Support level in line with 78.6% FIbonacci projection ,61.8% Fibonacci retracement and trendline support towards 1st Resistance in line with 61.8% Fibonacci projection and swing high resistance. Our bullish bias is further supported by the Ichimoku cloud acting as a support. Traders should wait for price tp swing higher or lower before entering.\u00a0<\/span><\/p>\n Areas of consideration:\u00a0<\/span><\/p>\n Price broke out of the descending channel, signifying an overall bullish momentum. We can expect price to bounce from 1st Support in line with 61.8% Fibonacci retracement, 127.2% Fibonacci projection and graphical overlap support\u00a0 towards 1st Resistance in line with previous swing high and 78.6% Fibonacci projection. Our bullish bias is further supported by the Ichimoku indicator where the prices are holding above the cloud.<\/span><\/p>\n Areas of consideration:<\/span><\/p>\n On the H4 timeframe, prices are on bearish momentum and abiding to a descending trendline. We see potential for bearish momentum from our 1st resistance at 0.67029 in line with 23.6% Fibonacci retracement towards our 1st support at 0.66058 in line with 61.8% Fibonacci retracement. Our bias is further supported by RSI being at levels where dips previously occurred and also ichimoku cloud forecasting bearish momentum . Alternatively, our stop loss will be placed at 2nd resistance at 0.67447 in line 61.8% Fibonacci extension.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4, with <\/span>price expected to bounce off the support of the ichimoku cloud, signifying an overall bullish momentum. We can expect price to rise to our 1st resistance at 1.277777 in line horizontal graphical swing high resistance from our 1st\u00a0 support in line with horizontal overlap support and 78.6% Fibonacci retracement at 1.27013. Alternatively, price may break 1st support structure and head for 2nd support, which coincides with horizontal swing low support at 1.26518.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4, with <\/span>price expected to bounce off the support of the ichimoku cloud, signifying an overall bullish momentum. We can expect price to rise to our 1st resistance at 95.83 in line horizontal graphical swing high resistance and -61.8% Fibonacci expansion and 127.2% Fibonacci extension level from our 1st\u00a0 support in line with horizontal overlap support and 61.8% Fibonacci retracement at 92.51. Alternatively, price may break 1st support structure and head for 2nd support, which coincides with horizontal swing low support at 90.23.<\/span><\/p>\n Areas of consideration:<\/span><\/p>\n\n
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\n<\/span>Areas of consideration:<\/span>
\n<\/span>– H4 1st resistance 1.36461<\/span>
\n<\/span>– H4 1st support 1.35043<\/span><\/p>\n<\/a><\/p>\nUSD\/CHF:<\/span><\/h2>\n
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