{"id":157536,"date":"2019-10-14T09:15:59","date_gmt":"2019-10-14T13:15:59","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=157536"},"modified":"2019-10-14T07:29:26","modified_gmt":"2019-10-14T11:29:26","slug":"fibonacci-retracements-analysis-14-10-2019-gold-usdchf","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/fibonacci-retracements-analysis-14-10-2019-gold-usdchf\/","title":{"rendered":"Fibonacci Retracements Analysis 14.10.2019 (GOLD, USDCHF)"},"content":{"rendered":"
October 14, 2019<\/div>
\r\n<\/div><\/div>

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 convergence made the pair complete the ascending impulse at 61.8% fibo. The current situation may be considered as an attempt to form a new wave to the downside and continue the descending tendency. To confirm this scenario, the price must break the low at 1459.06. in this case, the downside target will be 76.0% fibo at 1438.05. at the same time, one shouldn\u2019t exclude the opposite scenario, according to which the pair may start a new rising impulse towards the local high. After breaking it, the instrument may continue growing to reach 76.0% fibo at 1533.40 and the key high at 1557.00.<\/p>\n

\"GOLD_H4\"
\n\"Risk<\/p>\n

In the H1 chart, the correctional downtrend has reached 76.0% fibo. MACD indicator implies further decline towards 1459.06. The resistance is the high at 1519.57.<\/p>\n

\"GOLD_H1\"
\n\"Risk<\/p>\n

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

As we can see in the H4 chart, the divergence made the pair stop at 61.8% fibo and start a new correction. However, if the price breaks the high at 1.0028, the tendency may yet continue to reach 76.0% fibo at 1.0098. Still, the divergence indicates a new decline in the first place towards 38.2%, 50.0%, 61.8%, and 76.0% fibo at 0.9887, 0.9844, 0.9801, and 0.9748 respectively.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

\"USDCHF_H4\"
\n\"Risk<\/p>\n

In the H1 chart, after completing the descending impulse, the pair corrected to the upside by 61.8%. However, if the price reaches 76.0% fibo at 0.9998, the instrument may continue growing to break the high at 1.0028. The support is at 0.9905.<\/p>\n

\"USDCHF_H1\"<\/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 convergence made the pair complete the ascending impulse at 61.8% fibo. The current situation may be considered as an attempt to form a new wave to the downside and continue the descending tendency. To confirm this scenario, the […]<\/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-157536","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157536","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=157536"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157536\/revisions"}],"predecessor-version":[{"id":157540,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157536\/revisions\/157540"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=157536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=157536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=157536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}