The price is between weekly support zones 1 and 2. A break and daily and weekly demand zones could provide buying opportunities. Key fib retracement levels will indicate swing highs and lows on lower timeframes.
Weekly Timeframe
- The price is currently finding support between support zones 1 and 2, around the 1.8164 and 1.2699 levels.
- Key fibonacci retracement levels that will act as resistance above are 0.382 at 1.5645 and 0.50 at 1.4473.
- Demand zone 1 between 0.8566-0.7634 could provide support if the price retraces further.
- Bullish fair value gap from 0.8532-0.9074 may induce buying pressure if filled.
Support and Resistance Levels
Support Zone #1 | 1.8164 |
Support Zone #2 | 1.2699 |
Support Zone #3 | 1.0112 |
Support Zone #4 | 0.7946 |
Fibonacci Retracement Levels
0.382 | 1.5645 |
0.50 | 1.4473 |
0.618 | 1.3280 |
0.786 | 1.1564 |
0.882 | 0.0623 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 0.8566 | 0.7634 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 0.8532 | 0.9074 |
Daily Timeframe
- Support zones 1 at 1.6000 and 2 at 1.2246 have held recently. Zone 3 at 0.9789 may provide future support.
- Fib retracement levels of 0.382 at 1.5014 and 0.50 at 1.4500 may act as resistance if broken.
- Demand zone 1 from 1.4083-1.2310 could be a potential buying opportunity on a retrace.
- Bullish FVG between 1.4083-1.4227 may induce buyers if price action revisits this level.
Support and Resistance Levels
Support Zone #1 | 1.6000 |
Support Zone #2 | 1.2246 |
Support Zone #3 | 0.9789 |
Fibonacci Retracement Levels
0.382 | 1.5014 |
0.50 | 1.4500 |
0.618 | 1.3987 |
0.786 | 1.3233 |
0.882 | 1.2829 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 1.4083 | 1.2310 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 1.4083 | 1.4227 |
4 Hour Timeframe
- Currently no defined support or resistance levels. Key fib retracement levels to watch for resistance are 0.382 at 1.8338 and 0.50 at 1.7549. Support would occur below these levels.
Fibonacci Retracement Levels
0.382 | 1.8338 |
0.50 | 1.7549 |
0.618 | 1.6759 |
0.786 | 1.5639 |
0.882 | 1.4993 |
1 Hour Timeframe
- Short term support zones are 1.6424, 1.5417 and 1.4406. Breaks below would signal further weakness potentially retesting daily/4hr demand zones.
Support and Resistance Levels
Support Zone #1 | 1.6424 |
Support Zone #2 | 1.5417 |
Support Zone #3 | 1.4406 |