This is a 5M chart. From my WM/Reuter Benchmark Fibs. Without the WM/Reuters Benchmarks as Fibs you would be trading blind and not know that .77257 is a strong R and as you can see Price has touched that level and gone up +25 or so pips. There is ...

AUD/USD

Update on the AUDUSD Chart This is a 5M chart. Without the WM/Reuters Benchmarks as Fibs you would be trading blind and not know that .77257 is a strong R and as you can see Price has touched that level and gone up +25 or so pips. This is when the ...

Using WM/Reuters Benchmark Rates in trading

Yes, those are.

Using WM/Reuters Benchmark Rates in trading

Update on USDJPY 1Minute Chart You can see how the both charts shows 38.2 acting as resistance, then it finds support at 14.6 and them moves all the way up to 85.4 before retracing back down to 38.2 where it bounced and where we are.

Using WM/Reuters Benchmark Rates in trading

Yeah, just from PA and from studying the charts.

Using WM/Reuters Benchmark Rates in trading

Hi, I'm glad this is helping fill in part of the puzzle. As for the calculations I calculate the levels as per the method below, which allows for the 76.4 and 14.6 levels. 61.8 is derived by dividing any number in the sequence by the number that ...

Using WM/Reuters Benchmark Rates in trading

It's a mirror really in the sense that 100-85.4=14.6 and 100-14.6=85.4 So it doesn't really matter what order you choose 0 and 100. Even 68.2/38.2 and 23.6/74.6 are mirrors. I hope that makes sense. This time of day is low volume, so I don't usually ...

Using WM/Reuters Benchmark Rates in trading

Here is USDCAD. You can see at the one minute level how it respects the 14.6 fib at 1.24898. It's has been in the 23.6/14.6 range since the move this morning.

Using WM/Reuters Benchmark Rates in trading

Update on the AUDUSD 5M chart and 1M Chart from this morning. Without these levels you would not know that there is 38.2% Fib at .77736. The days price hit that level, overshot by 4 or 5 pips and is retracing on the 14.6 Level. Easy!

Using WM/Reuters Benchmark Rates in trading

Update on the 1Minute Chart (I'm using 1Minute so you can see that all the bounces today have occurred at 85.4/14.6 and 38.2/68.1 From this chart after hitting the 1.14097 Fib this morning it retraced exactly down to the 61.8 and rebounded. This is ...

Using WM/Reuters Benchmark Rates in trading

Have a great day. Thanks for contributing! :-)

Using WM/Reuters Benchmark Rates in trading

I don't think this thread is beneficial to your trading style. Thanks for your posts though. Have a great day. :-)

Using WM/Reuters Benchmark Rates in trading

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EURUSD

One Minute EURUSD Chart using Wm/R Benchmark rates on fibs. 85.4/14.6 provide good reversal opportunities on all time frames. The days top was 85.4 and then we retraced to 14.6.

EURUSD

Update on the EURUSD 1M chart. These levels, again come from WM/R Benchmarks from before 1996. You can see how we topped at 85.4 and then bounced from 14.6 These levels usually provide reversals. At all chart time frames.

Using WM/Reuters Benchmark Rates in trading

Thanks for signing in, reading my thread and posting your message. Although I didn't think it was constructive and didn't add much to the thread. Have a great day :-)

Using WM/Reuters Benchmark Rates in trading

I've posted several charts as examples. It's quite clear to me where reversals happen (85.4/14.6 and 61.8/38.2) If you want, we can look at a chart and an example together to help clarify reversal areas. Thanks for taking the time to respond to my ...

Using WM/Reuters Benchmark Rates in trading

This is today's move for the EURUSD. As before, price usually reverses at 85.4 and so we can see that today's high is right at that level. Less than a pip from hitting it. The price then retraced down to the the 14.6% level from where we rebounded. ...

Using WM/Reuters Benchmark Rates in trading

Here is the updated chart for the EURGPB. From Hourly to 15 M

Using WM/Reuters Benchmark Rates in trading

This thread is about WM/Reuters Benchmarks and Fibs drawn from that. Not from closes as per your chart. Thanks for your post though.

Using WM/Reuters Benchmark Rates in trading