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.
23.08.2021
Fibonacci Retracements Analysis 23.08.2021 (GOLD, USDCHF)
XAUUSD is consolidating at 50.0% fibo, while USDCHF is intending to reach the high.
20.08.2021
Fibonacci Retracements Analysis 20.08.2021 (AUDUSD, USDCAD)
Both AUDUSD and USDCAD are moving quite aggressively but may start new corrections soon.
19.08.2021
Fibonacci Retracements Analysis 19.08.2021 (Brent, Dow Jones)
Brent has updated its local lows, which may be a signal in favour of a long-term descending tendency; in the case of the Dow Jones, the price has dropped a little bit after divergence on MACD.
18.08.2021
Fibonacci Retracements Analysis 18.08.2021 (GBPUSD, EURJPY)
GBPUSD continues falling slowly towards the previous low; in the case of EURJPY, after completing the descending wave, the price is approaching 50.0% fibo at 127.87.
17.08.2021
Fibonacci Retracements Analysis 17.08.2021 (EURUSD, USDJPY)
Convergence on MACD prevented EURUSD from breaking 38.2% fibo (1.1695); in the case of USDJPY, the price is forming another descending wave.
16.08.2021
Fibonacci Retracements Analysis 16.08.2021 (GOLD, USDCHF)
XAUUSD has corrected to the upside by 50.0%, while USDCHF is forming a mid-term narrowing channel.
13.08.2021
Fibonacci Retracement Analysis for 13.08.2021 (AUDUSD, USDCAD)
This week, situation around AUDUSD and USDCAD has not changed much.
12.08.2021
Fibonacci Retracement Analysis for 12.08 2021 (Brent, Dow Jones)
Brent demonstrates vague medium-term dynamics; the Dow Jones stock index sky-rocketed again after testing the level of the last high.