Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Ozforex (ASX:OFX) : The current Fibonacci Extension levels are:
The current support levels are:
Fibonacci extensions are used in Fibonacci retracement to predict spaces of resistance and support in the market. These extensions involve all levels drawn past the basic 100% level they are frequently used by traders to determine areas that will bring in profits.
Calculation: Fibonacci Extensions:
1) Uptrend: D = B — (A — B) x N%;
2) Downtrend: D = B + (B — A) x N %;
3) Fibonacci Levels:
PROFILE: Ozforex (OFX.AX)
Stock Exchange: ASX
Ticker Codes: | OFX.AX | ASX:OFX |
OFX Group Limited provides online international payments and foreign exchange services for consumer and business clients in Australia, New Zealand, Europe, North America, and Asia. It offers its services under the brand names of OFX, UKForex, CanadianForex, USForex, NZForex, Tranzfers, and ClearFX. The company was formerly known as OzForex Group Limited and changed its name to OFX Group Limited in September 2016. OFX Group Limited was founded in 1998 and is headquartered in Sydney, Australia.
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