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.
24.05.2021
Fibonacci Retracements Analysis 24.05.2021 (GOLD, USDCHF)
XAUUSD has grown towards 50.0% fibo, while USDCHF is approaching 76.0% fibo at 0.8930.
21.05.2021
Fibonacci Retracements Analysis 21.05.2021 (AUDUSD, USDCAD)
AUDUSD is correcting after a divergence on MACD, while USDCAD may transform the current pullback into a proper correction.
20.05.2021
Fibonacci Retracements Analysis 20.05.2021 (Brent, Dow Jones)
Brent may rebound from the high and resume falling, while the Dow Jones index is forming another descending wave.
19.05.2021
Fibonacci Retracements Analysis 19.05.2021 (GBPUSD, EURJPY)
GBPUSD is approaching the high at 1.4241; in the case of EURJPY, the price continues growing steadily after breaking 76.0% fibo.
18.05.2021
Fibonacci Retracements Analysis 18.05.2021 (EURUSD, USDJPY)
EURUSD may slow down its growth between reaching the local and the key highs; in the case of USDJPY, the price is trying to reach the high but divergence on MACD may deepen the correction.
17.05.2021
Fibonacci Retracements Analysis 17.05.2021 (GOLD, USDCHF)
XAUUSD continues growing steadily but a new pullback may start soon; in the case of USDCHF, the price is starting a new correction.
14.05.2021
Fibonacci Retracements Analysis 14.05.2021 (AUDUSD, USDCAD)
AUDUSD is trying to form a mid-term descending wave towards 50.0% fibo at 0.7500, while USDCAD has tested the fractal low at 1.2061.
13.05.2021
Fibonacci Retracements Analysis 13.05.2021 (Brent, Dow Jones)
Brent is consolidating before skyrocketing towards the high at 71.07, while the Dow Jones index is falling steadily and quickly.