Fibonacci Retracement Lines
S&P 500 Setup Hints at Major Top, Promising Gains for US Dollar
Prices have taken out resistance at the $96.00 figure, the 50% Fibonacci retracement of the drop from the June 9 swing high, exposing the 61.8% level at $97.51. A push above this hurdle exposes the 76.4% retracement at $99.38, a barrier reinforced by the psychologically significant $100/barrel figure. The 50% Fib has been recast as near-term support.Fibonacci Retracement Lines - News
Fibonacci retracement is a very popular tool among technical traders and is based on the key numbers identified by mathematician Leonardo Fibonacci in the thirteenth century. However, Fibonacci's sequence of numbers is not as important
CRUDE OIL – Prices have taken out resistance at the $96.00 figure, the 50% Fibonacci retracement of the drop from the June 9 swing high, exposing the 61.8% level at $97.51. A push above this hurdle exposes the 76.4% retracement at $99.38,
The barrier is reinforced by the 76.4% Fibonacci retracement at 1326.98. Initial support lines up at 1313.66, the 61.8% Fib. CRUDE OIL – Prices put in a Doji candlestick below resistance at the $96.00 figure, the 50% Fibonacci retracement of the drop
Overnight, EUR/USD traded down to support at 1.4396 (the 38.2% Fibonacci retracement of the recent move from 1.4102 to 1.4580), after risk appetite was paired back. The euro was sold off across the whole G10 complex, after ratings agency Moody's
S&P 500 – Prices pulled back from resistance at 1292.51, the 38.2% Fibonacci retracement level, to retest resistance-turned-support at a falling trend line connecting major lows since early May. The move can be classified as corrective however as long
FBS: Moody's raid Portugal Euro Lightning Diving | Forex News
New York session overnight, the euro area re-transmission of bad news, Moody’s sovereign rating for four consecutive lower class from Portugal , was cleared of risk aversion that is heating up again, weighed on the euro has fallen sharply. Market risk aversion of the warming has also led to significant pressure on other high-risk currencies, the dollar higher across the board.
Moody’s long-term government of Portugal on Tuesday to junk bond credit rating from Baa1 Baa2 level down to level. Moody’s said that Portugal needed a second round of relief funding increased risk, and fears that the country can not complete its debt reduction targets.
Moody’s said that if the Portuguese government to implement the financial restructuring plan in a significant bias on the country’s economic growth prospects downward, or to require private sector participation increased risk of government debt restructuring, will likely trigger another credit downgrade of its debt.
dollar index daily chart shows, MACD indicators maintain consolidation pattern, RSI indicator rebounded limited. United States refers to the top of the current rebound is still restricted by the limitations of short-term pressure line, currently located at 74.80-75.00 in the region, while still at the bottom of support 74.50, and 74.00. U.S. short-term range, which might still shock.
EUR/USD
EUR/USD daily chart shows, MACD indicators slowed down, RSI indicators rebounded blocked 52 days since the downward trend line. Euro/dollar finished lower this week showing a trend, candlestick pattern on the point of view is the evening star, the triangle shape that strong pressure on the rail area, need to guard against further down the market outlook, the current first-line support is seen at 1.4400, further support is seen at 1.4320 and 1.4235, The price is 523 days, respectively, since the rebound range of 50% and 61.8% Fibonacci retracement of the stronger support is seen at 1.4140, while for the triangular shape of the bit under the inside rail and rally support of the 38.2% Fibonacci Lease retracement of the above resistance at 1.4450 now, stronger resistance is seen at 1.4500 and 1.4580.
GBP/USD
GBP/USD daily chart shows, MACD indicators lows, but still subject to the 52 days since the downward trend line suppression, RSI indicators to maintain the pattern of lows, but will 4 drop since the end of the test trend line resistance. GBP/USD continue to be subject to the current rebound since late 3 form a triangle under the rail line to suppress, and 20105 since the large increase in prices of 23.6% Fibonacci retracement of the 1.6140 level is also located in this region, if a strong break, objective point of view 201,012 copies of the current uptrend line since the 1.6300 area cut into bits, seen below the 1.6000 support, stronger support at 1.5900.
Fibonacci Retracement Lines - Bookshelf
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