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.
29.07.2021
Fibonacci Retracements Analysis 29.07.2021 (Brent, Dow Jones)
The current ascending movement in Brent may update the high, while the Dow Jones index has broken its previous peak.
28.07.2021
Fibonacci Retracements Analysis 28.07.2021 (GBPUSD, EURJPY)
GBPUSD continues growing but may reverse to the downside soon; in the case of EURJPY, the price is about to fall and reach its previous low.
27.07.2021
Fibonacci Retracements Analysis 27.07.2021 (EURUSD, USDJPY)
EURUSD is trying to correct upwards, while USDJPY is planning a new descending wave.
26.07.2021
Fibonacci Retracements Analysis 26.07.2021 (GOLD, USDCHF)
The current decline in XAUUSD may transform into a new rising wave; in the case of USDCHF, the price hasn’t been able to reach the high, so one may expect another descending structure.
23.07.2021
Fibonacci Retracements Analysis 23.07.2021 (AUDUSD, USDCAD)
AUDUSD is starting to grow after convergence on MACD; in the case of USDCAD, the price is correcting before starting a new rising impulse.
22.07.2021
Fibonacci Retracements Analysis 22.07.2021 (Brent, Dow Jones)
The current ascending movement in Brent is just a pullback before a further downtrend, while the Dow Jones index has completed the correction and is trying to attack the high again.
21.07.2021
Fibonacci Retracements Analysis 21.07.2021 (GBPUSD, EURJPY)
GBPUSD continues falling after breaking 38.2% fibo; in the case of EURJPY, the price may reach 50.0% fibo and then reverse.
20.07.2021
Fibonacci Retracements Analysis 20.07.2021 (EURUSD, USDJPY)
EURUSD is trying to update the low once again but may start a new pullback soon; in the case of USDJPY, the price continues trading within the mid-term downtrend.