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.
03.06.2021
Fibonacci Retracements Analysis 03.06.2021 (Brent, Dow Jones)
After updating its long-term high, Brent continues growing; in the case of the Dow Jones index, the price is approaching the high at 35102.0 but rebound from it.
02.06.2021
Fibonacci Retracements Analysis 02.06.2021 (GBPUSD, EURJPY)
GBPUSD is about to correct after reaching the high at 1.4241, while EURJPY continues growing towards the high at 137.50 but a pullback is around the corner.
01.06.2021
Fibonacci Retracements Analysis 01.06.2021 (EURUSD, USDJPY)
EURUSD is trying to resume growing towards the high after a short-term pullback; in the case of USDJPY, the price is forming a rising channel.
31.05.2021
Fibonacci Retracements Analysis 31.05.2021 (GOLD, USDCHF)
XAUUSD is approaching 61.8% fibo, while USDCHF is correcting after testing 76.0%.
28.05.2021
Fibonacci Retracements Analysis 28.05.2021 (AUDUSD, USDCAD)
AUDUSD is still consolidating after a divergence on MACD, while USDCAD continues trading close to its lows after a convergence.
27.05.2021
Fibonacci Retracements Analysis 27.05.2021 (Brent, Dow Jones)
Brent is trying to reach 69.97, while the Dow Jones index is forming another correctional wave to the downside.
26.05.2021
Fibonacci Retracements Analysis 26.05.2021 (GBPUSD, EURJPY)
GBPUSD is consolidating around the high at 1.4241, while EURJPY continues growing towards 137.50.
25.05.2021
Fibonacci Retracements Analysis 25.05.2021 (EURUSD, USDJPY)
EURUSD has slowed down its growth after a divergence on MACD and before further uptrend towards the high; in the case of USDJPY, the price just can’t decide on where to move