The weekly and daily timeframes show bullish positioning of the price. Support from demand zones and gaps on lower timeframes point to further upside if resistance zones on the daily and 4H charts are crossed. Traders can look for buy opportunities on dips towards support levels and zones.
Weekly Timeframe
- The price is currently trading within the Demand Zone 1 of 0.08219-0.07063. This is a good support area on the weekly chart.
- The nearest resistance zones are Supply Zone 1 of 0.15893-0.11183 and Resistance Zone 1 of 0.11652-0.09980.
- The bullish fair value gaps at 0.08540-0.08219 and 0.06176-0.06548 indicate upside potential if price trades higher.
Support and Resistance Levels
S/R Type | High | Low |
Support Zone #1 | 0.05930 | 0.04914 |
Resistance Zone #1 | 0.11652 | 0.09980 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 0.15893 | 0.11183 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 0.08219 | 0.07063 |
Demand Zone #2 | 0.06176 | 0.05678 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 0.08540 | 0.08219 |
Bullish FVG #2 | 0.06176 | 0.06548 |
Daily Timeframe
- Price is finding support at Support Zone 1 of 0.07401-0.07881 and Support Zone 2 of 0.05506-0.05940 on the daily chart.
- Next resistance is at Resistance Zone 1 of 0.10690-0.09506. Break above this zone opens up more upside.
- The 0.618 and 0.786 retracement levels of 0.08465 and 0.07850 respectively line up well with the support zones.
Support and Resistance Levels
S/R Type | High | Low |
Support Zone #1 | 0.07401 | 0.07881 |
Support Zone #2 | 0.05506 | 0.05940 |
Resistance Zone #1 | 0.10690 | 0.09506 |
Fibonacci Retracement Levels
0.382 | 0.09330 |
0.50 | 0.08893 |
0.618 | 0.08465 |
0.786 | 0.07850 |
0.882 | 0.07493 |
4 Hour Timeframe
- Support Zone 1 of 0.08751-0.08834 is currently holding well on the 4H chart.
- Resistance Zone 1 of 0.09551-0.09458 is the nearest resistance if price moves higher.
- Demand Zone 1 of 0.08847-0.09028 could attract some buying on a temporary dip.
- The 0.382, 0.50 and 0.618 retracement levels are close to recent price action and support/demand zones.
Support and Resistance Levels
S/R Type | High | Low |
Support Zone #1 | 0.08751 | 0.08834 |
Resistance Zone #1 | 0.09551 | 0.09458 |
Fibonacci Retracement Levels
0.382 | 0.09171 |
0.50 | 0.09103 |
0.618 | 0.09033 |
0.786 | 0.08935 |
0.882 | 0.08877 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 0.08847 | 0.09028 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 0.09264 | 0.09207 |
Bullish FVG #2 | 0.09066 | 0.09015 |
1 Hour Timeframe
- Multiple demand zones between 0.09264-0.09302 and 0.09131-0.09177 provide good support.
- Supply Zone 1 of 0.09493-0.09400 is current resistance to watch.
- The bullish fair value gap from 0.09246-0.09200 signals more upside potential on a 1H close above this level.
Support and Resistance Levels
Support | |
Resistance |
Fibonacci Retracement Levels
0.382 | 0.09070 |
0.50 | 0.09151 |
0.618 | 0.09231 |
0.786 | 0.09346 |
0.882 | 0.09412 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 0.09493 | 0.09400 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 0.09264 | 0.09302 |
Demand Zone #2 | 0.09131 | 0.09177 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 0.09246 | 0.09200 |