Open Access Article

Title: Financial analysis method based on astrology, Fibonacci, and Astronacci to find a date of direction inversion: JCI and future gold prices (empirical study of the JCI-IDX and gold prices, period of 2008-2017)

Authors: Gema Goeyardi; Hamdy Hady; Imam Ghozali

Addresses: Faculty of Economics and Business, Indonesia Persada University, Jakarta 10430, Indonesia ' Faculty of Economics and Business, Indonesia Persada University, Jakarta 10430, Indonesia ' Faculty of Economics and Business, Diponegoro University, Semarang 50275, Indonesia

Abstract: The purpose of this research is to analyse and obtain empirical evidence knowing the exact time to be predicted determining the reversal date of the Jakarta composite index (JCI) price and Gold prices can use the method of astrology, Fibonacci, Astronacci. The method used in this research is descriptive and explanatory methods. Descriptive method is used to make steps astrology, Fibonacci, and Astronacci methods to find the reversal date of the JCI and the price of Gold in the future. While the explanatory method is used to apply astrology, Fibonacci, and Astronacci methods using historical data (in 2008-2017), JCI and Gold prices. Data used in this study for 1 decade is 1 January, 2008 to 31 December, 2017. Based on the three methods, the reversal opportunity of both the JCI and the highest Gold price using the Astronacci method rather than astrology or Fibonacci alone.

Keywords: astrology; Astronacci; bearish; bullish; reversal; Fibonacci; gold; JCI; Jakarta composite index; IDX; time.

DOI: 10.1504/IJEBR.2021.10038928

International Journal of Economics and Business Research, 2021 Vol.22 No.2/3, pp.290 - 310

Received: 27 Feb 2021
Accepted: 08 Jun 2021

Published online: 20 Jul 2021 *