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.
14.09.2021
The current decline in EURUSD may break the low but it’s just a threat; in the case of USDJPY, the price is still consolidating above 23.6% fibo.
13.09.2021
After failing to grow and reach 76.0% fibo, XAUUSD has started a new decline; in the case of USDCHF, the price may break the high at 0.9275.
10.09.2021
AUDUSD is expected to continue rising after completing the correction, while USDCAD may start a new descending wave at any moment.
09.09.2021
Brent wants to rise but something is standing in the way, in the case of the Dow Jones index, there is a signal for a trend reversal.
08.09.2021
GBPUSD has started a new decline, while EURJPY continues trading upwards.
07.09.2021
After growing and reaching 38.2% fibo, EURUSD is about to start a new pullback; in the case of USDJPY, the price continues consolidating.
06.09.2021
XAUUSD continues growing but may start a new pullback soon; in the case of USDCHF, the price is still consolidating.
03.09.2021
AUDUSD is correcting upwards to reach 50.0% fibo, while USDCAD has performed a thorough test 38.2% fibo.