Fibonacci Retracements Analysis
Fibonacci retracements are actively used by investors, when they study how impulses are formed and try to find levels of possible trend corrections. As a result, they may have some additional information on possible direction of the currency market movement in the future.
18.10.2021
Fibonacci Retracements Analysis 18.10.2021 (GOLD, USDCHF)
XAUUSD is about to start a new descending wave; in the case of USDCHF, the price has completed the correctional decline at 50.0%.
15.10.2021
Fibonacci Retracements Analysis 15.10.2021 (AUDUSD, USDCAD)
AUDUSD is forming another correctional wave to reach 50.0% fibo; in the case of USDCAD, a strong and stable rising wave has reached 61.8% fibo.
14.10.2021
Fibonacci Retracements Analysis 14.10.2021 (Brent, Dow Jones)
Brent continues rising towards the fractal high at 87.09; in the case of the Dow Jones index, there are signs in favour of a new rising wave.
13.10.2021
Fibonacci Retracements Analysis 13.10.2021 (GBPUSD, EURJPY)
The correction in GBPUSD slowed down at 23.6% fibo; in the case of EURJPY, the price is forming a new rising impulse to extend the correctional phase.
12.10.2021
Fibonacci Retracements Analysis 12.10.2021 (EURUSD, USDJPY)
EURUSD is approaching the long-term 50.0% fibo, while USDJPY is getting ready for a new pullback.
11.10.2021
Fibonacci Retracements Analysis 11.10.2021 (GOLD, USDCHF)
XAUUSD may get cheaper again after completing the correction; in the case of USDCHF, the price is consolidating before forming another descending impulse.
08.10.2021
Fibonacci Retracements Analysis 08.10.2021 (AUDUSD, USDCAD)
AUDUSD is about to start another correctional wave to the upside, while USDCAD is falling again.
07.10.2021
Fibonacci Retracements Analysis 07.10.2021 (Brent, Dow Jones)
Brent continues rising after a short-term pullback; in the case of the Dow Jones index, the price is correcting after updating the low.