{"id":146668,"date":"2019-04-29T09:15:50","date_gmt":"2019-04-29T13:15:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=146668"},"modified":"2019-04-29T06:53:39","modified_gmt":"2019-04-29T10:53:39","slug":"fibonacci-retracements-analysis-29-04-2019-gold-usdchf","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/fibonacci-retracements-analysis-29-04-2019-gold-usdchf\/","title":{"rendered":"Fibonacci Retracements Analysis 29.04.2019 (GOLD, USDCHF)"},"content":{"rendered":"
April 29, 2019<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

XAUUSD, \u201cGold vs US Dollar\u201d<\/strong><\/p>\n

As we can see in the H4 chart, the downtrend stopped at the retracement of 50.0%. After that, there was a convergence on MACD, which made XAUUSD start a new ascending impulse. By now, the uptrend has already reached the retracement of 23.6%. The next targets may be the retracements of 38.2% and 50.0% at 1296.94 and 1306.47 respectively. The support level is the low at 1266.14.<\/p>\n

\"GOLD1\"
\n\"Risk<\/p>\n

In the H1 chart, the uptrend continues; it has already reached the retracement of 23.6%. In the nearest future, the price may be corrected. The next upside target after the correction may be the retracement of 38.2% at 1296.94.<\/p>\n

\"GOLD2\"
\n\"Risk<\/p>\n

USDCHF, \u201cUS Dollar vs Swiss Franc\u201d<\/strong><\/p>\n

In the H4 chart, USDCHF is trading upwards to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 1.0247 and 1.0306 respectively. However, there has been a divergence recently, which made the price start a new correction to the downside. The targets may be the retracements of 23.6%, 38.2%, and 50.0% at 1.0156, 0.0106, and 1.0065 respectively. The resistance level is the high at 1.0236.<\/p>

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\"USDCHF1\"
\n\"Risk<\/p>\n

As we can see in the H1 chart, the divergence made the pair reverse and start a new decline.<\/p>\n

\"USDCHF2\"
\n\"Risk<\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com XAUUSD, \u201cGold vs US Dollar\u201d As we can see in the H4 chart, the downtrend stopped at the retracement of 50.0%. After that, there was a convergence on MACD, which made XAUUSD start a new ascending impulse. By now, the uptrend has already reached the retracement of 23.6%. The next targets may […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-146668","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=146668"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146668\/revisions"}],"predecessor-version":[{"id":146669,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146668\/revisions\/146669"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=146668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=146668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=146668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}