Tag: Fibonacci
EUR/USD and Oil – Awaiting Fibonacci Resistance Breakout for Bullish Continuation
Most Read: US Jobs Report Preview: Market Impact Analysis; Setups on USD/JPY, Gold PricesBreakout trading is a popular strategy that seeks to profit f [...]
Russell 2000 Rises Toward Key Fibonacci Resistance. Will It Break Out This Time?
RUSSELL 2000 FORECASTThe Russell 2000 rebounds following Wednesday’s selloffWhile the small-cap equity index appears overbought and prone to a pullbac [...]
GBP/USD Bounded by Fibonacci Support & Trendline Resistance
GBP/USD OUTLOOK:GBP/USD has been trending lower over the past three months or soAfter recent price action, cable appears compressed between trendline [...]
Gold Prices Bounce Off Fibonacci Support, Attacks Cluster Resistance. What Now?
GOLD PRICE FORECAST:Gold prices rebound heading into the weekend, challenging cluster resistance stretching from $1,920/$1,930Despite Friday’s recover [...]
EUR/USD Stuck Between Confluence Support and Fibonacci Resistance. Now What?
EURO FORECAST:The euro has risen aggressively in recent weeks, but its bullish momentum has started to fadeThe pair appears to have entered a period [...]
USD/JPY Hugs Fibonacci Support, EUR/JPY Eyes Key Resistance
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of clients are net short.
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EUR/USD Breakout Gains Momentum but Fibonacci Resistance on Radar
EUR/USD OUTLOOK:EUR/USD soars nearly 2.5% this week, rising to its best levels since February 2022A dovish repricing of interest rate expectations fol [...]
US Dollar Trips Ahead of US Inflation Data, USD/JPY Swoops on Fibonacci Support
US DOLLAR FORECAST:The U.S. dollar, as measured by the DXY index, slides on Monday, extending Friday’s losses following softer-than-expected U.S. empl [...]
Awaiting Pullback to Fibonacci Support Before Next Bullish Leg
USD/JPY FORECAST:The Japanese yen weakened dramatically against the U.S. dollar in June, but has begun to recover in recent daysThe U.S. dollar's tec [...]
Awaiting Pullback to Fibonacci Support Before Next Bullish Leg
USD/JPY FORECAST:The Japanese yen weakened dramatically against the U.S. dollar in June, but has begun to recover in recent daysThe U.S. dollar's te [...]
Gold Price Nearing Key Fibonacci Support as Powell Keeps Hawkish Outlook in Play
GOLD PRICES FORECAST:Gold prices were subdued on Wednesday after Fed chair Powell indicated that the central bank plans on hiking two more times this [...]
USD/CAD Wavers at Fibonacci Resistance as USD/JPY Makes Move on Trendline Support
USD/CAD AND USD/JPY FORECAST:USD/CAD wavers after reaching a key technical resistance region, with bulls and bears fighting for control of the marketU [...]
USD/CAD Wavers at Fibonacci Resistance as USD/JPY Makes Move on Trendline Support
USD/CAD AND USD/JPY FORECAST:USD/CAD wavers after reaching a key technical resistance region, with bulls and bears fighting for control of the marketU [...]
Gold Prices Charge Toward Fibonacci Support as Markets Bet on Higher Fed Peak Rates
GOLD PRICE FORECASTGold prices have sold off in February, pressured by rising U.S. Treasury yields and a strengthening dollarExpectations that the Fe [...]
Gold Attempts 1800 Hold, Silver Fibonacci Resistance Test
Gold, Silver Talking Points:Gold opens the week with a clearly marked area of support sitting just below current price action which helped to hold the [...]