Retracement

A break below would have traders looking toward the 61.8% retracement area of the move up from the July low near 0.8818.

As the accompanying chart shows, the panic selling in KRE looks exhausted at current levels, with the sell-off stopping just short of penetrating the key Fibonacci retracement level of 78.6% at the close on 3 May.

EURUSD reaches 38.2% retracement but fails this week, sellers take control with more work.

For now, the topside swing area along with the falling 200 hour moving average and 38.2% retracement is the ceiling that would need to be broken to give the buyers more control.

Having said that, if we do brake support then the 61.8% retracement at $23,300 is the next key support.

However, sellers have already had a shot below this retracement level, and buyers leaned in instead, pushing the price back up to the 200-hour moving average.

In fact, there’s the daily and the 4-hour red 21 moving average and the 38.2% Fibonacci retracement level.

In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot but found support buyers near the 38.2% retracement of the move up from the March low to the April high.

In the past week, it surpassed the (50%) retracement mark (~103.35).

In this case, we should see a pullback into the previous swing low level where we can also find the 50% Fibonacci retracement level and the lower bound of the channel for confluence.

On the 1 hour chart, we can see that we now have a good resistance zone around the broken trendline where we can find the with the downward trendline, the red 21 moving average and the 38.2% Fibonacci retracement level.

On the 4 hour chart, we can see that if we get a bounce on the trendline, there will be a strong resistance around the 4460 level as we have the of the trendline, the previous swing low level and the Fibonacci retracement levels.

On the daily chart, we can see that Ethereum fell all the way down to the 1816 where we had also the 50% Fibonacci retracement level.

The dollar is bid once again today after a low initial jobless claims report and a break would eye the 141.00 range, which is the 50% retracement of the move on the above chart.

Admittedly the price traded above and below that 38.2% retracement yesterday and again today.

Going forward, if the price can move back below the 100-day moving average and 50% retracement level that would increase the bearish bias.

Mog Coin has rapidly made up for its two-month retracement phase and then some.

On the 4 hour chart, we can see more closely the break below the trendline and the 61.8% Fibonacci retracement level as the market gapped lower following the US CPI release.

On the 4 hour chart, we can see that from a risk management perspective, the sellers will have a much better risk to reward setup around the 2015 resistance where we can also find the Fibonacci retracement level.

On the daily chart, we can see that the Nasdaq eventually pulled all the way back to the major around the 18900 level where we had also the 50% Fibonacci retracement.