The average true range is at 13.334 It seems that there is a very strong support level at 1300. The price has failed to break through this level in 2018 The support level at 1300 will likely hold in the coming month given that the volatility in gold is moderate Now using the fibonacci retracement levels i can predict that the next move will be upward. I will use the 2018 highs and lows to set up the retracement levels …
The bollinger bands are as follows, upper band at 1.84671, middle band at 1.80848 and lower band at 1.77218. The bands are upward sloping and the ATR is at 0.01393. The direction on the pair is upward and i expect it to continue on that path as indicated by the lines
The ATR at 0.00878 on the daily chart means volatility is relatively low. However big swings can be expected in the currency pair. The Fibonacci retracement levels provide an interesting perspective. We use the 100% level at 1.3494 and the 0% level at 1.22202. The 50% level will be at 1.28561 The 50% level is an interesting support level and the price recently bounced off this level. …
The bollinger bands are widening signalling increased volatility This can be substantiated by the increase in the ATR to a reading of 0.0202 The fibonacci retracement levels have been drawn from a high of 4.33182 in September 2017 and a low of 4.12747 in February 2018 The 50% level at 4.22965 will be an important resistance point in the period under consideration. The price is likely to close below this point
The EURGBP has been trading in a range in 2018 and shown in the chart above. The upper bound of the range is at 0.8933 and the lower bound at 0.8708. In the year the price has not closed above or below these levels. I expect the range bound nature of the currency pair to continue Using the range boundaries to draw up the fibonacci retracement levels will come up with the chart above. …
In the second have of 2017 the pair seemed to be trading in a range with the lower bound at 1.4468 and the upper bound at 1.5239. A break above the upper limit in January 2018 led to a bullish rally in the pair as highlighted by the channel. The 2018 high is at 1.61215 and the 2018 low is at 1.48153 It is highly unlikely that we are going to see a reversal of the bullish trend in the coming month …
Chart 1
Chart 1 above shows the bollinger bands on the daily chart set at 1.5869 for the upper band, 1.5717 and 1.5576 for the middle and lower band respectively The huge gap between the lower and upper band shows that the pair has been trading in a wide range. The average true range is at 0.0109 implying very low volatility Chart 2
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There has been significantly high volatility in the USDMXN in the past months as highlighted by the spikes in the ATR readings. However in 2018 the pair has been trading in a range with the top range at 19 and the bottom end at 18.3086 Taking the recent high of 19.90796 as the 100% retracement level and 18.2954 as the 0% level we can see that the spread is high and volatility is huge The ATR reading is at 0.2007 …
The volatility in the pair has been low as can be seen by the low values in the ATR The pair has been trading in a range with the lower range at 4.1276 and the upper range at 4.1912 I expect the range bound nature to continue I also expect the volatility to decrease to the low levels witnessed between November 20 17 and January 2018 Using the highs and lows of the range the fibonacci retracement points are plotted …
The currency pair has experience huge levels of voaltility as can be attested by the widely spread out bollinger bands The upper band is at 3.4467 whilst the lower band is at 3.31839 The ATR rs on the high side as well at a reading of 0.0339 The high volatility is likely to continue Looking at the highs and lows of 2018, the pair is likely to trade in that range …
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