EUR/USD Outlook: Bears target additional declines beneath 1.1900, 38.2% Fibonacci level.
The EUR/USD pair seems set to fall below the 1.1900 level during the Asian session on Friday, potentially drawing in more sellers, especially after the mixed price movements observed the day before. Currently, the pair has bounced back about 25 pips from its low for the day, trading in the 1.1920 to 1.1925 range, which […]
Gold and the 78.6% Fibonacci Level
Gold and 78.6% Fibonacci Retracement (GCG26) ONE44 utilizes two approaches for identifying market support and resistance. The first method involves a significant Gann square, indicated by the yellow horizontal line on the chart. The second is based on Fibonacci retracement levels. Interestingly, gold has consistently hit a 38.2% Fibonacci retracement during each decline in this […]
Soybean Analysis Using Fibonacci and W.D. Gann Techniques
Soybean Market Update Soybean analysis using Fibonacci and WD Gann (ZSX25) November Since last week, The day after, prices dipped below the 38.2% Fibonacci level at 1020.00, pushing the short-term trend back into negative territory. This level is crucial for this week since all closes were beneath short-term targets and the key Gann square at […]
GBP/USD Price Outlook: Approaches 38.2% Fibonacci level, above mid-1.3300s
The GBP/USD pair saw a positive shift for two consecutive days on Monday, buoyed by a dovish Federal Reserve outlook that has led to a decrease in the safe-haven US dollar (USD). During the Asian trading session, prices hovered just above the mid-1.3300s. We anticipate it to build on Friday’s significant rebound from the 1.3260 […]
Bitcoin Price Drop to $94,000 Expected as Fibonacci Resistance Is at Risk
Bitcoin Price Trends and Predictions Recently, Bitcoin’s price movements indicate a potential loss of momentum, particularly three weeks after it hit an all-time high of $111,814. On Monday, the cryptocurrency briefly climbed past $110,000, fueled by recent US inflation reports and a temporary dip in the dollar. But this upswing was short-lived. Escalating geopolitical tensions […]
USDJPY drops beneath crucial support, approaches Fibonacci retracement area
USDJPY Technical Update USDJPY has seen a significant decline today, breaking decisively below key levels. The moving average of 200 bars on the 4-hour chart, now around 144.86, has remained unbroken throughout the US trading session. This marks a notable shift in short-term momentum, as sellers gain a stronger foothold. The decrease became more pronounced […]
Gold Price Forecast: Short-Term Strength Tested Amid Key Fibonacci Resistance – FX Empire
There are major price levels in the Tuesday price range Gold fell to a low of $2,999 on Friday, following a new record high of $3,058 last Thursday. That remains the low bearish pullbacks of the past, but not that much. Nearly the record high for gold is the 200% expanded retracement of the bear […]