Posts Tagged ‘Fibonacci’

Using Fibonacci for Intraday Forex

Fibonacci numbers are used to predict changes in stock market prices. If you examine a chart of prices of forex currencies as the U.S. dollar, Japanese yen, the Fibonacci numbers can be overlaid to see where he is support for an existing fixed price. This will help you determine whether you should buy or sell the currency. If there Fibonnaci support just below the current price is probably a good time to buy. By contrast, if a line of resistance is just above the current price is a good time to sell. Overlay tools are provided by the Fibonacci forex trading company, as forex.com. (more...)

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Keys to Forex,

12597341411 From the United States we saw the Dow Jones end its eighth consecutive day of gains reaching 10,779 points, known after the favorable economic data, on the one hand the evolution of consumer prices (CPI) for February was more favorable expected.

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USDJPY – has been drilled with enough force bassist guideline

12603601651As seen in the weekly chart, the Dollar-Yen has been drilled with enough force main bassist guideline medium term was drawing after setting up from 124.15 in June 2007. Yesterday I went to a session high at 92.95.

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USDJPY – has been drilled with enough force bassist guideline

1260360165As seen in the weekly chart, the Dollar-Yen has been drilled with enough force main bassist guideline medium term was drawing after setting up from 124.15 in June 2007. Yesterday I went to a session high at 92.95.

After this event we believe you have a clear potential to 95 and 100. Near this latter point passes 38.20% of all Fibonacci retracement downward momentum from the peak in the 124.15 to the minimum of 84.82 multiyear. Prior has another important resistance at 93.76. Many analysts point to the range of 100-110 in which it would put its fair value.

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