September 2019 - Page 3 of 5

Fibonacci Retracements Analysis 09.09.2019 (GOLD, USDCHF)

09.09.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after updating the previous high and attempting to enter the post-correctional extension area between 138.2% and 161.8% fibo at 1555.95 and 1569.17 respectively, XAUUSD has started a new decline, which is now getting close to 38.2% fibo at 1497.40. The next possible targets may be 50.0%, 61.8%, and 76.0% fibo at 1478.60, 1460.25, and 1438.15 respectively.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, after finishing the descending impulse, the pair is correcting and moving sideways between 23.6% and 38.2% fibo.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF continues forming the mid-term uptrend after the convergence. After correcting towards 23.6%, the pair is forming a new rising impulse and testing 38.2% fibo again. The next upside targets may be 50.0% and 61.8% fibo at 0.9948 and 1.0016 respectively.

The H1 chart shows more detailed structure of the current rising correction. USDCHF is forming a rising impulse towards the local high at 0.9929. After breaking it, the price may continue growing to reach the post-correctional extension area between 138.2% and 161.8% fibo at 0.9980 and 1.0010 respectively. The key support is at 0.9797.

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Fibonacci Retracements Analysis 10.09.2019 (EURUSD, USDJPY)

10.09.2019

EURUSD, “Euro vs US Dollar”

As we can see in the H4 chart, after entering the post-correctional extension area between 138.2% and 161.8% fibo at 1.0942 and 1.0889 respectively, EURUSD is correcting towards 50.0% fibo at 1.1088. In the future, the correction may continue to reach 61.8% and 76.0% fibo at 1.1126 and 1.1172 respectively.

In the H1 chart, after finishing the rising impulse, the pair is correcting downwards and has already reached 38.2% fibo. Later, the pullback may continue towards 50.0% and 61.8% fibo at 1.1006 and 1.0987 respectively. If the price breaks the high at 1.1085, the mid-term uptrend may continue.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, the correctional uptrend continues; it has already reached 38.2% fibo. In the short-term, the price may start a new correction towards 23.6% fibo at 106.33. After the correction, USDJPY may resume moving upwards to reach 50.0% and 61.8% fibo at 108.42 and 109.37 respectively. The key support is at 104.45.

In the H1 chart, there is a divergence on MACD within the uptrend, which may indicate a new pullback soon with the target at 23.6%, 38.2%, and 50.0% fibo at 106.78, 106.33, and 105.98 respectively. If the price breaks the high at 107.50, the instrument may resume trading upwards.

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Fibonacci Retracements Analysis 11.09.2019 (GBPUSD, EURJPY)

11.09.2019

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, after testing the post-correctional extension area between 138.2% and 161.8% fibo at 1.2019 and 1.1786 respectively, GBPUSD is trading upwards and has already reached 38.2% fibo at 1.2423. The next upside targets may be 50.0% and 61.8% fibo at 1.2567 and 1.2710 respectively. The key support is at 1.1958.

In the H1 chart, the pair is slowing down on its way towards 38.2% fibo at 1.2423 because of the convergence on MACD, which may indicate a new correction soon. The target of this pullback may be 23.6% fibo at 1.2245.

EURJPY, “Euro vs. Japanese Yen”

As we can see in the H4 chart, the convergence made EURJPY start a quick correctional uptrend, which is getting close to 50.0% fibo at 119.60. The next upside target may be 61.8% fibo at 120.49. The key support is the low at 115.86.

In the H1 chart, there is a divergence within the uptrend on MACD. After reaching 50.0% fibo at 119.60, the instrument is expected to start a new correction towards 23.6%, 38.2%, and 50.0% fibo at 118.71, 118.17, and 117.73 respectively.

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Fibonacci Retracements Analysis 12.09.2019 (AUDUSD, USDCAD)

12.09.2019

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the current correctional uptrend has already reached 50.0% fibo and may continue growing towards 61.8% and 76.0% fibo at 0.6928 and 0.6984 respectively. At the same time, there is a divergence on MACD, which may indicate a possible correction.

In the H1 chart, there is a divergence on MACD, which is making AUDUSD slow down the current rising tendency. Possibly, after reaching 61.8% at 0.6928, the price may start a pullback. The target of this pullback may be 23.6%, 38.2%, 50.0%, and 61.8% fibo at 0.6871, 0.6836, 0.6807, and 0.6779 respectively.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, the divergence made USDCAD start a new descending wave, which has already reached 61.8% fibo. In the nearest future, the pair may start a new pullback. After completing the pullback, the instrument may resume falling towards 76.0% fibo at 1.3103 and then the low at 1.3015.

In the H1 chart, the pair is correcting after the convergence and has already reached 23.6% fibo. The next upside targets may be 38.2% and 50.0% fibo at 1.3229 and 1.3258 respectively. The support is the low at 1.3134.

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Fibonacci Retracements Analysis 13.09.2019 (BITCOIN, ETHEREUM)

13.09.2019

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the daily chart, the correctional Triangle continues close to 38.2% fibo. If the price breaks the current resistance level and 23.6% fibo at 11375.00, BTCUSD will continue growing towards the high at 13857.20. At the same time, MACD lines are heading downwards, which means that the decline may yet continue towards 50.0% and 61.8% fibo at 8580.00 and 7350.00 respectively.

In the H4 chart, the pair is correcting to the upside after the convergence and has already reached 50.0% fibo. In the future, the correction may continue towards 61.8% fibo at 11170.00. The support is the low at 9322.70.

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the daily chart, the descending tendency reached 76.0% fibo and then there was a convergence on MACD. However, the pullback that started later can’t be called very significant. Still, the pullback may yet continue towards 61.8% and 50.0% fibo at 200.55 and 231.70 respectively. After breaking 163.20, the instrument may plummet to reach 100.03.

The H4 chart shows more detailed structure of the current correction. By now, the pair has already reached 23.6% fibo. Later, the price may continue growing towards 38.2% and 50.0% fibo 192.54 and 201.60 respectively.