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Fibonacci Retracement World
News
- CBOT soybeans to drop to $11.92-3/4
SINGAPORE : CBOT March soybeans will fall more to $11.92-3/4 per bushel, as indicated by the wave pattern on the hourly chart and a Fibonacci retracement analysis.
fibonacci retracement 12 Feb 2012 - CBOT soybeans may drop to $12.14/bushel
SINGAPORE : CBOT March soybeans will fall to $12.14 per bushel, the 50 percent Fibonacci retracement on the rise from $11.84-1/4 to $12.44. A resistance zone of $12.36-1/2 to $12.44-3/4 has prevented an upward wave "c" from extending to $12.57, the 76.4 percent Fibonacci projection level.
fibonacci retracement 12 Feb 2012 - Spot gold to rebound to $1,742/oz
SINGAPORE : Spot gold will rebound more to $1,742 per ounce, as indicated by its wave pattern and a Fibonacci retracement analysis.
fibonacci retracement 12 Feb 2012 - LME aluminium to fall to $2,068/T
SINGAPORE : LME aluminum will drop further to $2,068 per tonne, as indicated by a rising channel and a Fibonacci retracement analysis.
fibonacci retracement 12 Feb 2012 - Fibonacci Analysis: Predicting Price Targets
Beyond identifying key support and resistance levels, Fibonacci analysis can also help traders and investors project future price levels across all markets and time frames. My 2010 lesson entitled ?Fibonacci Analysis: Master the Basics? focused primarily on how to use Fibonacci analysis to identify support and resistance levels, which can then [...]
fibonacci retracement 12 Feb 2012 - EURUSD Weekly Summary: Still in a bullish phase, moving sideways between 23.6% ? 38.2% Fibonacci retracement
The EURUSD was indecisive this week. Price attempted to push lower, bottomed at 1.3025 on Wednesday but closed higher at 1.3158 on Friday. As you can see on my h4 chart below price has been moving sideways between the 23.6% ? 38.2% Fibonacci retracement of 1.4246 ? 1.2625. This ranging market occurs after price slipped [.
fibonacci retracement 12 Feb 2012 - Spot gold's target of $1,600/oz intact
SINGAPORE : A bearish target at $1,600 per ounce is unchanged for spot gold, as indicated by its wave pattern and a Fibonacci retracement analysis. A five-wave cycle has been completed on the rebound that started from the Dec. 29, 2011 low of $1,521.94 per ounce.
fibonacci retracement 12 Feb 2012 - EURUSD Weekly Summary: Bullish correction testing EMA 200 and 23.6% Fibonacci retracement
The EURUSD had a strong bullish correction this week, topped at 1.2985 and closed at 1.2930 after hit 1.2625 last week. We have three consecutive bullish daily candle stick since Tuesday. As you can see on my h4 chart below, price is now testing the EMA 200 resistance and the 23.6% Fibonacci retracement of 1.4246 [.
fibonacci retracement 12 Feb 2012
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