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.
11.08.2021
Fibonacci Retracement Analysis for 11.08.2021 (GBPUSD, EURUSD)
Smooth declining of GBPUSD continues but might change for an impulse of growth; EURJPY keeps correcting before a wave of decline.
10.08.2021
Fibonacci Retracement Analysis for 10.08.2021(EURUSD, USDJPY)
EURUSD is attacking an important level of 38.2% (1.1695) Fibo, USDJPY is growing steadily after a wave of decline.
09.08.2021
Fibonacci Retracement Analysis for 09.08.2021 (XAUUSD, USDCHF)
Gold has fallen deep but is trying to play the decline back; USDCHF is correcting upwards, but a wave of decline is yet to follow.
06.08.2021
Fibonacci Retracement Analysis for 06.08.2021 (AUDUSD, USDCAD)
AUDUSD is trying to break through 23.6%, developing a downtrend; USDCAD is completing a correction before another impulse of decline.
05.08.2021
Fibonacci Retracement Analysis 05.08.2021 (Brent, Dow Jones)
Another decline of Brent quotations might head for 61.85; the Dow Jones stock index proves the uptrend to be weak.
04.08.2021
Fibonacci Retracement Analysis 04.08.2021 (GBPUSD, EURJPY)
GBPUSD demonstrates a desire to grow but it might be false; EURJPY is declining but the correctional phase can still extend.
03.08.2021
Fibonacci Retracement Analysis 03.08.2021 (EURUSD, USDJPY)
EURUSD is developing a correctional uptrend; USDJPY is preparing another wave of decline.
02.08.2021
Fibonacci Retracement Analysis 02.08.2021 (GOLD, USDCHF)
The market is trying but failing to raise gold prices. USDCHF quotations have dropped to 61.8% Fibonacci and might go on falling.