AUDUSD Fibonacci Support Resistance Zones: AU as of Jul 11
This Chart:
This is my periodic update of Support Resistance zones for this pair.
See the ''Related Ideas'' links below for previous calculations.
Only a few zones have changed since last post.
Even the drastic moves have been mostly in rhythm with existing fibs.
But some new zones were defined, and some were eliminated.
General Info:
These zones are calculated using Fibonacci Ratios of past price moves.
Fib extensions and retracements are projected forward in time and price.
If price bounces or reverses, it will probably do so at one of these zones.
Some zones will match previous highs and lows, since some Fibs are derived from the extremes.
Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones.
Zones that are far from current price will be either WIDE or just a LINE. Just a line indicates important Fib Ratio.
Where prices overlap and are hard to see, drag the Right (price) Axis up to magnify and reduce overlap vertically.
There are zones above and below the current price range, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame.
I will update as new zones are defined by upcoming Fibs.
This is my periodic update of Support Resistance zones for this pair.
See the ''Related Ideas'' links below for previous calculations.
Only a few zones have changed since last post.
Even the drastic moves have been mostly in rhythm with existing fibs.
But some new zones were defined, and some were eliminated.
General Info:
These zones are calculated using Fibonacci Ratios of past price moves.
Fib extensions and retracements are projected forward in time and price.
If price bounces or reverses, it will probably do so at one of these zones.
Some zones will match previous highs and lows, since some Fibs are derived from the extremes.
Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones.
Zones that are far from current price will be either WIDE or just a LINE. Just a line indicates important Fib Ratio.
Where prices overlap and are hard to see, drag the Right (price) Axis up to magnify and reduce overlap vertically.
There are zones above and below the current price range, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame.
I will update as new zones are defined by upcoming Fibs.
Comment:
Nice reaction off a new Zone that was indicated by recent waves.
Comment:
Fibs dont lie
Comment:
Overall price action still mostly bound to the Fib zones originally posted.
My AUD fibs need some more fine tuning, but they are getting tighter.
Of particular note is the current retest of a very thin zone (a line).
When I plot only a line or a very thin zone, that means a pretty powerful fib with very few resonances nearby.
My AUD fibs need some more fine tuning, but they are getting tighter.
Of particular note is the current retest of a very thin zone (a line).
When I plot only a line or a very thin zone, that means a pretty powerful fib with very few resonances nearby.
Comment:
Good econ news brought a spike.
But spiked up only the next zone.
Also, I must be missing a fib just above that zone, which has turned price several times now.
But spiked up only the next zone.
Also, I must be missing a fib just above that zone, which has turned price several times now.
Comment:
All zone still spot on
Comment:
The power of Fibs continues to amaze me, in how PRECISE they are
Comment:
Why I love Fibs so much
They lay out the road markers well ahead in time and price! I have been fine tuning some bands and found some new ones. Updated post coming soon
Comment:
Here we are at support again.
Bounced from here vigorously last time, but this time has a much smaller reaction.
I think this support will break
Bounced from here vigorously last time, but this time has a much smaller reaction.
I think this support will break
Comment:
Comment:
Some really nice pings late last week.
I am now looking for price to hit the zone above and possibly drop
I am now looking for price to hit the zone above and possibly drop
Comment:
Nice ping
Comment:
wow, that high on marked candle actually was .72497. not .72500 but exactly ..497
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
