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.
02.09.2021
Brent is about to finish its correctional uptrend, while the Dow Jones is testing the high and may resume trading downwards.
01.09.2021
Both GBPUSD and EURJPY may complete their respective corrections and start plunging quite soon.
31.08.2021
EURUSD is growing after convergence on MACD, while USDJPY is correcting before starting a new descending wave.
31.08.2021
AUDUSD is heading towards 5/8, while NZDUSD is approaching the “overbought area”.
30.08.2021
XAUUSD may grow to reach 76.0% fibo, while USDCHF continues trading sideways.
27.08.2021
AUDUSD is correcting within the descending tendency, while USDCAD may correct downwards to reach 76.0%.
26.08.2021
Brent is growing again after convergence on MACD, while the Dow Jones is heading towards the high after finishing the pullback.
25.08.2021
GBPUSD may grow again to extend the correction; in the case of EURJPY, the price is finishing its descending tendency and may start a new pullback soon.