Category Archives: Forex

Daily Fib 21 November 2013

Technical Analysis EURUSD sold off to key support in the 1.3420/00 area and now languishes around 1.3430 ahead of the flash Manufacturing Services PMI at 0758.  Looking at the daily chart: Support and resistance can be seen at R5: 1.3700 R4: 1.3627/50 61.8% Oct high to Nov low and former support R3: 1.3600 R2: 1.3564/78 […]

Daily Fib 20 November 2013

Technical Analysis Again EURUSD spent most of yesterday above key 1.3500 with 1.3550 capping overhead.  An overnight foray through 1.3564 [50% Oct high to Nov low] met with resistance at 1.3578: R4: 1.3700 R3: 1.3627/50 61.8% Oct high to Nov low and former support R2: 1.3600 R1: 1.3564/78 50% Oct high to Nov low and […]

Daily Fib 19 November 2013

Technical Analysis EURUSD spent most of yesterday above key 1.3500 but still immediately capped by 1.3550 overhead: R4: 1.3700 R3: 1.3626/50 61.8% Oct high to Nov low and former support R2: 1.3600 R1: 1.3550/60 Nov  high and 50% Oct high to Nov low S1: 1.3500 Immediate support S2:  1.3450 S3: 1.3420 S4: 1.3390 An upside […]

Daily Fib 18 November 2013

Technical Analysis EURUSD remained in a 33 pip range overnight, 1.3474 – 1.3507 and is currently trading at 1.3496.  Immediate support and resistance levels are as follows: R3: 1.3626/50 61.8% Oct high to Nov low and former support R2: 1.3550/60 Nov  high and 50% Oct high to Nov low R1: 1.3500 Immediate resistance at 38.2% […]

Daily Fib 17 November 2013

Welcome to the inaugural ‘Daily Fib‘ by Fibbinarchie.  Given that this is the first one, I think it is worthwhile looking at the overall bigger picture of EURUSD technically from a weekly perspective and then drill down into the lower timeframes. Below is a weekly chart covering the price range going back to 2001: From […]