RoboForex - Analytics

RoboForex

863.75 5.25/10
80% of positive reviews
Real
How to join the service?

Fibonacci Retracements Analysis 19.05.2021 (GBPUSD, EURJPY)

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, the pair continues growing towards the high at 1.4241. At the same time, despite a stable uptrend, there is a divergence on MACD, which may indicate a possible pullback after GBPUSD reaches its target level. A breakout of the local high at 1.4241 will lead to a further uptrend to reach the long-term high at 1.4376. An alternative scenario implies that the price may rebound from the high due to a divergence and resume falling to reach 38.2%, 50.0%, and 61.8% fibo at 1.3643, 1.3459, and 1.3273 respectively.

Fibonacci Retracements Analysis 19.05.2021 GBPUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H1 chart shows a more detailed structure of the current growth and a divergence on MACD, as well as potential correctional targets, which are 23.6%, 38.2%, 50.0%, 61.8%, and 76.0% fibo at 1.4106, 1.4022, 1.3955, 1.3887, and 1.3806 respectively.

Fibonacci Retracements Analysis 19.05.2021 GBPUSD_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURJPY, “Euro vs. Japanese Yen”

 

Fibonacci Retracements Analysis 19.05.2021 EURJPY_D1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The H4 chart shows possible correctional targets after a divergence on MACD – 23.6%, 38.2%, 50.0%, and 61.8% fibo at 133.74, 131.45, 129.57, and 127.69 respectively.

Fibonacci Retracements Analysis 19.05.2021 EURJPY_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree