The weekly and daily timeframe suggests the medium to long term trend remains up. Immediate resistance is seen on the 1-hour chart between $0.9410 – $1.0129. A break below the key support of $0.8276 could turn the near term bias lower.
Weekly Timeframe
The price is currently trading between the key support zone at $0.6901 and resistance zone at $0.9831. It is also between the 0.382 and 0.50 Fibonacci retracement levels. There is a large supply zone formed from $1.0930 – $1.1900 which could act as resistance. On the downside, demand zones at $0.6651 – $0.5994 and $0.5608 – $0.5006 could provide support.
Support and Resistance Levels
Support Zone #1 | 0.6901 |
Support Zone #2 | 0.5044 |
Resistance Zone #1 | 0.9831 |
Resistance Zone #2 | 1.5814 |
Resistance Zone #3 | 2.7000 |
Fibonacci Retracement Levels
0.382 | 0.8630 |
0.50 | 0.7929 |
0.618 | 0.7218 |
0.786 | 0.6204 |
0.882 | 0.5626 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 1.0930 | 1.1900 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 0.6651 | 0.5994 |
Demand Zone #2 | 0.5608 | 0.5006 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 0.6651 | 0.7249 |
Bullish FVG #2 | 0.5608 | 0.6010 |
Daily Timeframe
The price has support at $0.7206 and is currently facing resistance around $0.9277. There is a supply zone overhead from $0.9556 – $1.0333.
Support and Resistance Levels
Support Zone #1 | 0.7206 |
Resistance Zone #1 | 0.9277 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 0.9556 | 1.0333 |
4 Hour Timeframe
Resistance is seen at $0.9327 currently while a supply zone above from $1.0333 – $1.0082 could act as overhead resistance.
Support and Resistance Levels
Resistance Zone #1 | 0.9327 |
Fibonacci Retracement Levels
0.382 | 0.8506 |
0.50 | 0.8857 |
0.618 | 0.9202 |
0.786 | 0.9703 |
0.882 | 0.9987 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 1.0333 | 1.0082 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG #1 | 1.0082 | 0.9868 |
1 Hour Timeframe
Key support exists at $0.8276 with resistance at $0.9477 and $1.0129. Supply zones are forming from $0.9410 – $0.9160 and $1.0063 – $0.9939. Bearish fair value gaps are present below the market from $0.9160 – $0.8920, $0.9733 – $0.9412 and $0.9939 – $0.9873.
Support and Resistance Levels
Support Zone #1 | 0.8276 |
Resistance Zone #1 | 0.9477 |
Resistance Zone #2 | 1.0129 |
Fibonacci Retracement Levels
0.382 | 0.8509 |
0.50 | 0.8856 |
0.618 | 0.9207 |
0.786 | 0.9701 |
0.882 | 0.9986 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 0.9410 | 0.9160 |
Supply Zone #2 | 1.0063 | 0.9939 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG #1 | 0.9160 | 0.8920 |
Bearish FVG #2 | 0.9733 | 0.9412 |
Bearish FVG #3 | 0.9939 | 0.9873 |